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The Meeting That Decided Petrobras’ Price Increase Took Place Last Thursday, June 16, and Will Be Announced This Friday, June 17.
On last Thursday, June 16, the Petrobras Board of Directors meeting took place, which gave the green light for the state-owned company to raise the prices of diesel and fuels. The adjustment will reach over 10%, according to the G1 portal, meaning it exceeds double digits. The accumulated increase is already over 60% since the beginning of the pandemic, and truck drivers are among the most affected.
Márcio Weber was responsible for holding the meeting on this last holiday. During the meeting, the government advisors attempted to encourage the institution to hold the budget. However, since 2016, the company has been allowed to adjust its prices according to the external market. On Thursday, the price of a barrel of oil fell by 1.2%, but this did not diminish its sharp peak of over 60% in a year.
Gasoline at R$ 10 and Diesel at R$ 6: A Reality in the Election Year
The Price Control of Fuels Has Been an Action Taken by the President of the Republic, Jair Bolsonaro, to Secure a Portion of His Voters for the Upcoming Elections Scheduled for October 2022. During the Last Week, the Government Announced a Project to Eliminate the ICMS Charge by States to Freeze Gasoline and Diesel Prices. According to the Project, the Federal State Would Be Responsible for Transferring a Portion of the Budget to the States to Ensure that the Investments Made with the ICMS – Which Would Be Extinct – Remain Active.
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Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
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Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
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Gasoline prices soar and the question arises: is ethanol more advantageous? The 70% rule reveals the limit with gasoline.
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The government has made a decision and is starting a test with more ethanol in gasoline, anticipating a mixture of up to 35%, diesel with 25% biodiesel, and a study to assess the impacts on engines.
In the City of Brusque, Santa Catarina, Diesel is Already Nearly R$ 6 and Gasoline Has the Possibility, Since 2021, of Being Charged Above R$ 10.
Subsidy from the Government Would Be a Way to Control Prices, Says Petrobras
According to Petrobras’ board, the creation of a subsidy by the federal government for the state-owned company would be a way to control price variations. However, the project was not approved by the Federal State, and as a result, the company is left with prices lagging behind the external market.
According to the institution, which is set to announce its price increase this Friday, June 17, the price of diesel is lagging behind the external market by 20%. The United States Is Also Facing the Same Problem, Where a Gallon of Fuel is Being Traded at Five Dollars, One of the Highest Prices Seen Since the Crisis That Occurred in 2008, When the Housing Bubble Burst. Biden Claims He Intends to Buy Oil from Venezuela to Allow the Country to Pay Its Foreign Debt and Thus Exponentially Increase Oil Stocks to Control the Energy Crisis Left by the War Between Russia and Ukraine.
Bolsonaro Claims Petrobras is the Villain for the Current Price Policy, and His Mandate is Compromised
Many Polls, Such as Datafolha, Show That Luiz Inácio Lula da Silva is Increasingly Ahead in Terms of Voting Intentions. One of the Reasons Bolsonaro is Losing Popularity is the Prices Charged “Absurdly” for Fuels to Consumers. The President Stated That the State-Owned Company is the Villain of Prices and That the Variations Are Not Related to the Federal Government. Meanwhile, the Senate Stated in 2021 That the Company is Acting Against the Law by Abusing Its Policies and Should Investigate, But No Information Has Emerged So Far.
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