US EditionExperts say BR privatization weakened Brazil’s ability to contain fuel prices
2 Articles
2 Articles
Experts say BR privatization weakened Brazil’s ability to contain fuel prices
According to a report by Agência Brasil, industry specialists and oil-sector groups say what they describe as abusive fuel price increases in Brazil are not explained by international volatility alone. The report cites cases of gasoline being sold for R$9 a liter at some stations in São Paulo and links part of the distortion to the loss of state control over the distribution chain after the privatization of BR Distribuidora.
Specialists and oil sector entities point out that the abuses in the prices of fuel by distributors - in São Paulo, there are reports of places selling the oil litre to R$ 9 - are not only due to instability in the international scenario. For analysts, the privatization of the BR Distribution has eliminated the strategic control of the state supply chain, leaving the market for abuser goods that ignored the values practiced in the refineries. Wi…
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