MercoPress. South Atlantic News Agency
Relief for Petrobras: Dilma allows increase in gasoline and diesel prices
Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses. Read full article
Comments
Disclaimer & comment rulesDumbAss Dilma at it again.
Nov 08th, 2014 - 09:55 am - Link - Report abuse 0The 5% won't cut it but 'will affect inflation', so the worst of both worlds:brilliant, not.
Some relief due to the price of crude falling, but that is just happenstance and will be reversed.
I thought this stupid woman used to run Petrobras or was the minister in charge? Too much to hope she learnt anything then.
Are they taking lessons from PDVSA?
Nov 08th, 2014 - 10:24 am - Link - Report abuse 0Why are Progressives so stupid? Now as the economy is slowing down and inflation is creeping up they raise prices?
Nov 08th, 2014 - 01:56 pm - Link - Report abuse 0They idiots do exactly the opposite of what they should be doing every time.
Ugh she's going to destroy Brazil like the Ks destroyed Argentina. It will just take longer.
The collapse of their flagship industry is a quicker route to national suicide.
Nov 08th, 2014 - 03:13 pm - Link - Report abuse 0In spite of the fact that all the fat-cats are at the Petrobras trough (to mix a couple of metaphors) the country really does need oil and oil money.
So, all suffer the slings and arrows of outrageous inflation ... So what? - the elections are over!
Meanwhile in other news;
Nov 08th, 2014 - 09:58 pm - Link - Report abuse 0Mexico has abruptly cancelled a $3.75bn (£2.3bn) contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link. Mexico would become the first Latin American nation to have a bullet train after Brazil and Argentina postponed their own high-speed rail projects.
http://www.bbc.co.uk/news/business-29948331
What is the problem with Lat Am and railways (aside from geography/terrain please!) ? It is a much more efficient way to transport frieght than trucks. The freedom of movement for the people also increases productivity.
This over-reliance on cheap gasoline is detrimental in so many ways.
Information of very poor quality.
Nov 10th, 2014 - 05:32 am - Link - Report abuse 0https://www.youtube.com/watch?v=WJHfbt1Z3ZU&list=FLmXPTu1f8AdGlizWNiASx2A&index=2
@5
Nov 10th, 2014 - 02:41 pm - Link - Report abuse 0Typical really, maintenence seems to be a problem here, and why let so many people ride on the carriages? Do they not collect fares ? Oh it is a freight train therefore no passengers.
The only information of poor quality is that which the Federal Government puts out. While the Refinery Abreu & Lima without a doubt, represents the much needed progress in the northeast, the robbery or incompetence is mind-boggling ; budgeted at US$ 2.5 billion, the cost has already reached US$ 18 billion, and according to the Petrobrás President, Graça Foster, will end up nearer US$ 20 billion. And will be delivered - AGW - with only 3 years delay...
Nov 10th, 2014 - 05:18 pm - Link - Report abuse 0This is just one of the many reasons why Petrobrás is so f*cked up........and despite all of it, the government & PT deny any wrongdoing....
With Brazil's biggest city having a severe drought, water rationing of polluted drinking water and Police getting gunned down and then retaliating outside of the courts...
Nov 13th, 2014 - 12:45 pm - Link - Report abuse 0well it won't be too long before it comes crashing down
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