Fuel Pricing Policy in Brazil Will Depend on Future Presidency of Petrobras, Says Executive Secretary of the Ministry of Finance

Written by Ruth Rodrigues

Published on 05/01/2023 at 12:00

Fonte: PronaTEC

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The Executive Secretary of the Ministry of Finance Commented on the Short, Medium, and Long-Term Plans to Control the Prices Charged for Products in Brazil. Gabriel Galípolo Also Stated That the Fuel Pricing Policy Will Depend on Petrobras.

The first days of the new Lula Government are already generating buzz regarding the proposals for the national fuel market. Last Tuesday, (01/03), the Executive Secretary of the Ministry of Finance, Gabriel Galípolo, commented on the future of the pricing policy adopted by Petrobras concerning fuels in Brazil. According to him, the decision on the adjustments of prices will depend on the future presidency of the state-owned company, which is expected to be assumed by Jean Paul Prates.

Ministry of Finance Will Discuss Fuel Pricing Policy, But the Decision Will Come from the Future President of Petrobras, Highlights Galípolo

The last few months have seen significant discussions about the pricing policy adopted by Petrobras for the commercialization of fuels in Brazil, and the impacts on the quality of life of the end consumer.

In this way, the new Ministry of Finance of the Lula Government is working to seek improvements and stabilization in the segment, even dealing with a fiscal deficit left by the Bolsonaro Government.

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Plans for Short, Medium, and Long-Term Pricing Policy Are Being Developed with Petrobras

From a fiscal perspective, Galípolo stated that the Ministry of Finance is developing short, medium, and long-term plans regarding the pricing policy for fuels at Petrobras.

Regarding fuels, he said the annualized cost of federal tax exemption for gasoline is approximately R$ 30 billion and R$ 18 billion for diesel, but there has been an assessment that, due to the road transport matrix, fuel costs would affect the prices of basic goods for the population.

The Lula Government began the week by expanding the provisional measure that provides for the exemption of gasoline for another two months and the exemption of diesel until the end of 2023, as a way to control a possible increase in prices.

According to the Executive Secretary of the Ministry of Finance, a series of tax exemptions in the fuel sector are being analyzed to minimize the impact on consumers.

There is also an assessment of spending quality, as occurred with the change in Auxílio Brasil, which led to an increase in single-parent families, since the benefit was granted per family.

“We are studying how to mitigate and reduce the projected fiscal deficit for 2023,” he said in an interview with Globonews.

Now, we just have to wait for the future presidency of the state-owned company to present a new charging model for fuels to stabilize prices in the country.

Fuel Pricing Policy in Brazil Will Depend on Future Presidency of Petrobras, Says Executive Secretary of the Ministry of Finance

The Executive Secretary of the Ministry of Finance Commented on the Short, Medium, and Long-Term Plans to Control the Prices Charged for Products in Brazil. Gabriel Galípolo Also Stated That the Fuel Pricing Policy Will Depend on Petrobras.

Ministry of Finance Will Discuss Fuel Pricing Policy, But the Decision Will Come from the Future President of Petrobras, Highlights Galípolo

Plans for Short, Medium, and Long-Term Pricing Policy Are Being Developed with Petrobras

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Fuel Pricing Policy in Brazil Will Depend on Future Presidency of Petrobras, Says Executive Secretary of the Ministry of Finance

The Executive Secretary of the Ministry of Finance Commented on the Short, Medium, and Long-Term Plans to Control the Prices Charged for Products in Brazil. Gabriel Galípolo Also Stated That the Fuel Pricing Policy Will Depend on Petrobras.

Ministry of Finance Will Discuss Fuel Pricing Policy, But the Decision Will Come from the Future President of Petrobras, Highlights Galípolo

Plans for Short, Medium, and Long-Term Pricing Policy Are Being Developed with Petrobras

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An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

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The world has been generating 80% of electricity by boiling water for 200 years, but China has just turned on a machine that replaces steam with supercritical CO2 and promises to jump from 33% to 50% efficiency.

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