Tags Fuel prices

Tag: fuel prices

Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - The IPCA (Consumer Price Index) in Brazil rose by 0.82 percent in October, according to the IBGE (Brazilian Statistics Bureau) the highest inflation for the month since 2002. In September inflation...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - The IPCA (Consumer Price Index) for the month of February registered an increase of 1.22 percent, according to the IBGE (Brazilian Statistics Bureau). This is the highest rate for the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite continuing to set records for oil production in the past few months, net profits for Brazil’s giant oil conglomerate, Petrobras, plunged 25 percent, to R$10.3 billion in the first...
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras announced last Friday, November 29th, that the state-controlled oil company would be increasing fuel prices for the third time this year. The price hikes, which went into effect...
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras announced this week that the company plans to increase production by fifty percent in a bid to emerge from its current financial difficulties. The oil giant desperately needs funds to...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – The first quarterly loss in thirteen years at state-controlled oil company Petrobras has sparked a debate within the Brazilian government over the need for a rise in fuel prices, with...
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