
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.

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.

The International Air Transport Association (IATA) has warned that fuel prices could increase and the global aviation industry will face a setback while Japan recovers from the earthquake.