Government studies compensation in case of oil rise

The federal government is considering compensatory mechanisms for a possible rise in fuel prices if the crisis involving the United States and Iran hits the international oil market any harder, said Mines and Energy Minister Bento Albuquerque after meeting with President Jair Bolsonaro. However, he practically ruled out the possibility of instituting some kind of subsidy, as applied by Michel Temer’s government in 2018, one of the main complaints of truckers, who paralysed the country during a strike in May of that year.

Read more

Source: Jornal do Commercio

Categories: Industry, Public policy