Chamber of Deputies Approves Bill That Mandates Greater Transparency from Companies on Fuel Prices with ANP

Written by Ruth Rodrigues

Published on 12/06/2022 at 12:47

Foto: Pixabay

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The Bill Approved by the Chamber of Deputies Requires Monthly Data Submission on Fuel Prices to ANP to Ensure Greater Transparency Regarding the Prices Charged for the Sale of Products and Derivatives.

Last Tuesday, (06/07), the Chamber of Deputies approved a new Bill by representative Arnaldo Jardim (Cidadania — SP), which replaced Bill No. 3677/21, authored by representative Reginaldo Lopes (PT-MG) and the Workers’ Party (PT) bench. Thus, the text goes to the Senate, but aims to mandate monthly submissions of fuel price data to the National Agency of Petroleum (ANP), to ensure greater transparency to the public.

The Bill by Representative Arnaldo Jardim Aims to Bring Greater Transparency to the Public Regarding Fuel Prices and Goes to the Senate.

The new text of Bill No. 3677/21, authored by representative Arnaldo Jardim (Cidadania-SP), was approved by the Chamber of Deputies on Tuesday and will create mechanisms for even greater transparency to the public regarding fuel prices in Brazil. This is yet another strategy by the government to ensure a more open discussion with the public about the abusive prices currently charged for fuels and their derivatives.

Thus, the text of the representative’s Bill now goes to the Senate and will be reviewed by the team for a vote and possible future approval. However, some other proposals that were part of the original text were removed, which would have allowed for limits on oil exports and control of Petrobras prices via ANP. This is because the agency would have to define the maximum price for production and commercialization of fuels, but the initiative was not well received by the Chamber of Deputies.

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ANP Must Inform the Public Monthly of the Price of Each Fuel if the Bill Approved by the Chamber of Deputies Is Accepted by the Senate.

In addition to the reports that companies must send to ANP regarding fuel prices, the agency will have to publicly disclose monthly on the internet the composition of five types of these fuels: automotive gasoline, diesel oil, liquefied petroleum gas (LPG), aviation kerosene (QAV), and hydrated ethanol, with the main data that finalize the selling price.

Furthermore, ANP will also have to conduct monthly disclosures of the average selling prices of natural gas to pipeline gas distributors. Finally, although it does not set maximum and minimum prices to be charged for fuels, the Bill pressures companies such as Petrobras to adopt a more accessible pricing structure for the final consumer regarding the products.

This is the new initiative of the Chamber of Deputies to mitigate the political and economic instability surrounding Brazil regarding fuels at present and, now, it awaits only the Senate’s vote for possible approval and implementation into Brazilian legislation.

Chamber of Deputies Approves Bill That Mandates Greater Transparency from Companies on Fuel Prices with ANP

The Bill Approved by the Chamber of Deputies Requires Monthly Data Submission on Fuel Prices to ANP to Ensure Greater Transparency Regarding the Prices Charged for the Sale of Products and Derivatives.

The Bill by Representative Arnaldo Jardim Aims to Bring Greater Transparency to the Public Regarding Fuel Prices and Goes to the Senate.

ANP Must Inform the Public Monthly of the Price of Each Fuel if the Bill Approved by the Chamber of Deputies Is Accepted by the Senate.

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Chamber of Deputies Approves Bill That Mandates Greater Transparency from Companies on Fuel Prices with ANP

The Bill Approved by the Chamber of Deputies Requires Monthly Data Submission on Fuel Prices to ANP to Ensure Greater Transparency Regarding the Prices Charged for the Sale of Products and Derivatives.

The Bill by Representative Arnaldo Jardim Aims to Bring Greater Transparency to the Public Regarding Fuel Prices and Goes to the Senate.

ANP Must Inform the Public Monthly of the Price of Each Fuel if the Bill Approved by the Chamber of Deputies Is Accepted by the Senate.

Scientists enter a narrow, flooded cave 500 meters deep and find giant dinosaur footprints on the ceiling measuring up to 1.25 meters, preserved in such a rare way that a new type of trace had to be created.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

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