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Brazilian government anticipates 6% hike in fuel prices, after October election

Tuesday, August 12th 2014 - 05:44 UTC
Full article 5 comments

Brazilian president Dilma Rousseff admitted on Monday the government could increase domestic fuel prices at refineries by up to 6% after the October presidential election. The increase of 5.5% and 6% is a preliminary calculation and is geared to help prop the finances of the government managed oil and gas giant Petrobras. Read full article


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  • ChrisR

    Keep shafting Mr. Market you piar of idiots and Brazil will be hard put to to keep it's 3rd world position.

    As for 1st world, in your dreams.

    Aug 12th, 2014 - 07:35 pm - Link - Report abuse 0
  • Jack Bauer

    Typical manoeuvres of an incompetent government... hold the gas prices down just long enough to fool the idiots who can't see further than their noses. If Dilma does win the election, I hope she really shafts the poor more than she is already....they deserve to get screwed until they wake up to reality.

    Aug 12th, 2014 - 11:17 pm - Link - Report abuse 0

    Presidential candidate Eduardo Campos was just killed with 9 others in a crash of a private jet near Santos, SP. Age 49, from Pernambuco state.

    It is being reported that bad weather prevented the planned landing, and the crash occurred during the second attempt.

    One of the 2 challengers to our current President Dilma Rousseff, in the coming October elections.

    Aug 13th, 2014 - 06:42 pm - Link - Report abuse 0
  • Jack Bauer

    @3, truly a sad day for Brazil. Eduardo Campos seemed to be imbued with the right ideas for Brazil, to get it back on track. Under the PT Brazil has been derailed, and quite frankly they do not inspire confidence, and far less the commitment to do what has to be done.

    Aug 14th, 2014 - 07:19 pm - Link - Report abuse 0

    Jack Bauer -

    Eu concordo.

    A truly sad day.

    Aug 14th, 2014 - 09:06 pm - Link - Report abuse 0

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