ANP
The National Petroleum Agency began a public hearing on Monday on rules to define abusive fuel prices after an injunction suspending the event was overturned.
Ti AI ṣe iroyin
Brazil's average diesel price to distributors climbed 40% in early March to R$ 5.36 per liter following intensified US and Israeli attacks on Iran, per ANP data. Pump prices rose 20% by late March. Building on the March 12 federal tax exemption, the Lula administration is pressuring fuel stakeholders to limit consumer pass-throughs and fast-tracking a diesel subsidy ahead of October elections.