Clipping of news on Brazilian Culture, Law and Citizenship
08/22/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The adjustment in prices Petrobras was formally requested by the government
The strong pressure that escalating dollar placed on Petrobras has forced a change of plans in the federal government, which must grant an adjustment in prices of petrol and diesel this year.
The newspaper O Estado de S. Paulo found that the adjustment should be in the single digits for both products, but the hammer is not yet beaten as the ideal time for the high prices.
This was the main subject matter on Wednesday (21) by the president of the state, Mary Grace Foster, and President Dilma Rousseff, on closed meeting in the presidential palace, which was also attended by the ministers of Staff, Gleisi Hoffmann, and Development, Fernando Pimentel.
The consensual assessment is that the price of a barrel of oil set by the international market, should not indulge in the short term, something that would smooth the cost of imports.
The adjustment in prices Petrobras was formally requested by the government, and serve to reduce the difference between the cost of fuel purchased by the state abroad and that sold in gas stations in Brazil.
The explosion of the dollar in recent days, which rose again on Wednesday, closing at R$ 2.436, increased differential - Petrobras real need to spend more to get the same amount of fuel, priced in dollars.
As before rejected by the government because it would aggravate the inflationary picture of the country began to be urgent after the dollar, rather than surrender, only continues to rise.
As explained by an auxiliary presidential dollar to R$ 2.20, it existed until two months ago, required a financial commitment of Petrobras, which charged internally by a reset, "then, from the moment the dollar continued to rise, the situation gets worse. "
Inflation
The economic team recognizes today that the National Index of Consumer Price Index (IPCA, official indicator of inflation) unlikely to end the year below the level of 5.84%, which constituted a level lower than in the last year - this was the goal pursued and publicly taken by the government until a few weeks ago.
With this in mind, an adjustment in petrol and diesel gained momentum since that high fuel should not take the IPCA to burst this "informal target", and at the same time, should not entail a leap beyond the ceiling the official target pursued by the Central Bank (BC), of 6.5%.
In granting the adjustment this year, as well as allowing Petrobras slack cash important to sustain its large investment program, the government would leave President Dilma Rousseff "free" unpopular high price in the election year 2014.
Last year, the president of Petrobras indicated that the state had an adjustment of 15% in the price of gasoline in 2013, in order to support its financial obligations for this year. In February, as anticipated The Estado de S. Paulo at the time, the government granted a high of 6.6% in gasoline, and 5.4% in diesel.
The economic picture became even more complicated in recent months, given the high dollar, recognizes the government, but an adjustment to offset double-digit losses is practically discarded. The information is the newspaper O Estado de S. Paul.
Source: R7
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This article was translated by an automatic translation system, and was therefore not reviewed by people.