Brazilian President Jair Bolsonaro said on Thursday that potential price fixing ...
FILE PHOTO: Brazil's President Jair Bolsonaro gestures as he arrives at the Alvorada Palace in Brasilia, Brazil September 16, 2019. REUTERS/Adriano Machado
Bolsonaro said on Facebook Live that gas prices at refineries are below what they were in the middle of last year even after state-run oil firm Petroleo Brasileiro SA hiked gas and diesel prices this week in response to an attack on Saturday on oil facilities in Saudi Arabia.“Now, a detail: the price at the refinery today is lower than, if I’m not mistaken, July of last year, despite this 3% increase,” Bolsonaro said. “We know that at the end, at the pump, the prices don’t follow.
Brazilian authorities under other governments have complained about possible price fixing by gas stations. Police in the southern state of Parana opened a price fixing investigation last year against the three largest gas station chains: Raizen, Ipiranga, and Petrobras Distribuidora SA, branded BR Distribuidora. The firms denied wrongdoing at the time.
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