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Tag: fuel prices

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Oil giant, Petrobras, saw its shares plummet on Friday after the company announced it was cancelling a 5.7 percent diesel fuel price increase. Preferred shares fell by 7.75 percent, making...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil's Consumer Price Index (IPCA) increased by 0.75 percent in March, according to a report released yesterday by the Brazilian Statistics and Geography Institute (IBGE). The index was higher than...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Trying to ease uncertainty after the resignation of Petrobras president Pedro Parente on Friday morning, Brazilian President, Michel Temer, announced Parente’s successor and stated that the government will not...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – An agreement was reached on Thursday night by the Brazilian government and truck drivers ending the protests that almost brought the country to a standstill. Truck drivers agreed to...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Truck drivers are causing havoc and chaos in twenty Brazilian states as they block highways for the fourth day in a row, protesting the increase in diesel 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...

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