Tag: fuel prices

• Tuesday, March 2nd 2021 - 09:54 UTC

  Bolsonaro promises to sign on Tuesday a decree suspending a tax on diesel to prevent a truckers strike

  

  Brazilian President Jair Bolsonaro said on Tuesday he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost revenue.

• Monday, February 22nd 2021 - 08:10 UTC

  Fuel prices dispute, Petrobras CEO removal trigger fears of economic populism

  

  More changes are in the pipeline, announced Brazilian president Jair Bolsonaro, after replacing the CEO of the country's oil and gas giant Petrobras with a former general. The move had an immediate impact in markets given the confidence investors had in the removed University of Chicago educated economist, Roberto Castello Branco.

• Monday, June 1st 2020 - 08:54 UTC

  Venezuela announces the end of subsidized fuel prices together with privatized service stations

  

  Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. Although the country has huge oil reserves, production has collapsed and Venezuelans are facing dire shortages - exacerbated by the impact of COVID-19 on the economy.

• Tuesday, December 31st 2019 - 13:15 UTC

  On request from Alberto Fernandez, YPF rolls back a 5% increase in fuel prices

  

  Argentine president Alberto Fernandez asked the state-managed oil company YPF to roll back a 5% increase on fuels scheduled to become effective, January first, and which would have a major impact on inflation and food prices.

• Tuesday, October 8th 2019 - 09:54 UTC

  Clashes in Ecuador as big march approaches Quito to protest rising fuel prices

  

  Hundreds of indigenous people and farmers clashed with Ecuadoran security forces on Monday as they marched toward the capital Quito to protest against rising fuel prices.

• Sunday, November 4th 2018 - 15:02 UTC

  Fuel goes up 7% in Argentina, 14th increase in 2018 to reach a total 65% this year

  

  The retail price of fuel went up around seven percent this weekend in Argentina, for an aggregate 65 percent yearly rise that led impoverished consumers to use other transport means to make up for it.

• Thursday, January 2nd 2014 - 15:35 UTC

  New Year in Argentina brings: hikes in urban transport and fuel and promises of a capped basket

  

  New Year arrived in Argentina with much needed rainfall relief, but also with a hefty increase in urban transport fares, the same with fuel prices at the pump and the promise of a list of 200 products included in a price agreement with the county’s major supermarkets and retailers.

• Tuesday, October 30th 2012 - 07:11 UTC

  Petrobras confirms: no fuel price increases in the immediate future

  

  Municipal elections are over and the Brazilian government had a good performance at the polls having recovered among others the City of Sao Paulo, but contrary to investors’ expectations, the country’s oil and gas corporation Petrobras will not be hiking gasoline prices in the immediate future.

• Friday, June 22nd 2012 - 08:13 UTC

  Brazilian government studying fuel price increase to support Petrobras

  

  Officials from Brazil's state-run oil company, Petrobras and the government on Thursday confirmed they are studying a fuel price increase to help offset the costs of fuel sector investments.

• Wednesday, June 8th 2011 - 02:17 UTC

  Uruguayan homes pay highest power rates and fuel prices in South America

  

  Uruguayan homes pay the dearest rates for power in South America and the highest fuel prices in the region, including taxes, according to a paper from the Argentine energy consultants Montamat & Asociados, released last month.