Brazil
News

Lula recommends rigorous gasoline price checks

Bnamericas Published: Tuesday, May 27, 2003
President Luiz Inacio Lula da Silva said at Monday's meeting with Brazil's sugar/ethanol sector that consumer protection bodies should rigorously check that gasoline prices fall at the pumps from June 1. On that date, the anhydrous alcohol mixture in gasoline will rise to 25% from 20%. "If we increase the admixture to 25% from 20% we need to be able to carry out checks and CADE (the Justice Ministry Antitrust Division) will have to know why the decrease isn't reaching the consumer," he said. "There's no point in having a lower ethanol price if further along the chain of production you've got crooks thinking they can cheat other people," said Lula. by Leonencio Nossa

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Brazil)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas (Brazil)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: PetroRecôncavo S.A.  (PetroRecôncavo)
  • PetroRecôncavo S.A. is a Brazilian independent operator of onshore oil and gas exploration and production fields in the Brazilian State of Bahia, which was established in 1999 i...
  • Company: Shell Brasil Petroleo Ltda.  (Shell Brasil)
  • Shell Brasil Petróleo Ltda. (Shell Brasil), a Brazilian subsidiary of Royal Dutch Shell plc headquartered in Rio de Janeiro, engages in the exploration and production of oil and...
  • Company: Energy Paranã Ltda.  (Energy Paranã)
  • The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
  • Company: Companhia de Gás do Espírito Santo  (ES Gás)
  • The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
  • Company: i.Systems S.A.  (i.Systems)
  • The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...