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Brazil Regulator Probes Petrobras' LPG Auctions over Suspected Price Gouging

Summary by Europe Says
SAO PAULO, April 2 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday the government will seek to annul an auction at which state-run

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The vertam, carried out on Wednesday 31st, lasted about six hours and recorded more than 100%.

·São Paulo, Brazil
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Brazil regulator probes Petrobras' LPG auctions over suspected price gouging

·United Kingdom
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President Lula announced, during an event in Salvador, his intention to cancel the gas leión of the kitchen carried out by Petrobras this week, which recorded up to 118% of the price of the table practiced by the state. According to the data presented, the state maintains the price of the 13 kg bottle in R$ 34,70 from July 2024 for the regular rates of distributors. However, in the leión carried out on Wednesday (3), the values were fired in dif…

·Brazil
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Petrobras is considering canceling the LPG (Liquefied Petroleum Gas) auction, the cooking gas used in cooking, held on March 31st by the state-owned company. This information comes from Folha de S.Paulo. In the auction, Petrobras sold a volume of cooking gas equivalent to 11% of the consumption projected for April. The bidding drove up prices: bids started with a premium of around 30% over the refinery value and, in the end, reached up to 117% i…

Lula defended the cancellation of GLP leions (coin gas) by Petrobras. Read in the People's Journal.

·Curitiba, Brazil
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Reuters broke the news in United Kingdom on Thursday, April 2, 2026.
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