With Brent Oil Prices Falling, Bolsonaro Claims Gas Prices "Must Drop"

With Brent Oil Prices Falling, Bolsonaro Claims Gas Prices “Must Drop”

Written by Roberta Souza

Published on 07/12/2021 at 16:46

Updated on 07/12/2021 at 19:31

Foto: reprodução google

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President Jair Bolsonaro declared on last Monday (6) that with the devaluation of Brent oil, Petrobras needs to lower the price charged in the resale of gasoline to consumers

After stating that Petrobras would announce a decrease in the price of gasoline and other fuels this week – which led the Securities and Exchange Commission (CVM) to open an administrative process against Petrobras -, the President of the Republic, Jair Bolsonaro, said on this Monday, December 6, that the price charged to consumers for gasoline “must fall” with the decreases in Brent oil quotes in the global market.

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Upon arriving at the Palácio da Alvorada on Monday, Bolsonaro told supporters “Do you need a crystal ball to say that the gasoline price has to fall when Brent falls? If I’m not mistaken, almost US$ 10 in reduction. It has to fall. I said that, there you go, insider information,” showing that he had not received advance notice regarding Petrobras’s strategy for adjusting gasoline prices.

Brent oil, which is the international benchmark for Petrobras’s gasoline pricing decisions, traded in London, closed today, December 7, at US$ 73.08 a barrel. A month ago, the most liquid futures contract for this commodity ended the session priced at US$ 82.74. There was, therefore, a decrease of US$ 9.66 during the one-month period.

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With Brent Oil Prices Falling, Bolsonaro Claims Gas Prices “Must Drop”

President Jair Bolsonaro declared on last Monday (6) that with the devaluation of Brent oil, Petrobras needs to lower the price charged in the resale of gasoline to consumers

Read Also:

Gasoline Price Rises 49.8% in a Year and Brazilians Turn to Other Fuels, Such as Ethanol and CNG

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With Brent Oil Prices Falling, Bolsonaro Claims Gas Prices “Must Drop”

President Jair Bolsonaro declared on last Monday (6) that with the devaluation of Brent oil, Petrobras needs to lower the price charged in the resale of gasoline to consumers

Read Also:

Gasoline Price Rises 49.8% in a Year and Brazilians Turn to Other Fuels, Such as Ethanol and CNG

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Japan and Mercosur may reach an agreement to lower the cost of cars and auto parts, with manufacturers like Toyota, Honda, and Nissan coming into focus.

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Japan and Mercosur may reach an agreement to lower the cost of cars and auto parts, with manufacturers like Toyota, Honda, and Nissan coming into focus.

Volkswagen is preparing an SUV derived from the new Amarok to compete with the Toyota SW4 and Haval H9, utilize the Argentine Pacheco factory, and transform a pickup into a more profitable family of products.