Clipping of news on Brazilian Culture, Law and Citizenship
06/09/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Information is in the minutes of its last meeting, when the interest rate was 7.5% per year.
Gasoline has risen 7.8%, but the government has zeroed CIDE to avoid transfer.
The Monetary Policy Committee (Copom) of the Central Bank said on Thursday (6) through the minutes of its last meeting, when interest rates dropped to 7.5% per year, a new record low, predicting that follows zero adjustment for petrol and cooking gas this year.
In late June, Petrobras announced an increase in fuel prices charged refinery. Gasoline was up 7.83%, and diesel, of 3.94% since June 25. However, the Finance Ministry exempted the sale of the collection of these fuels Contribution for Intervention in the Economic Domain (CIDE). "Thus, prices, taxes, levied and paid by the distributors will not increase consumers", said on the occasion.
"The price of a barrel of Brent crude oil has risen since the last meeting and exceeded U$ 110. Importantly, the greater complexity geopolitics surrounding the oil sector tends to accentuate the volatile behavior of prices, which is reflected also in low predictability of some components of global demand and the fact that supply growth projects depend on long-term investments and high risk ", said the BC in the minutes of the Monetary Policy Committee.
Petrobras and government
In July, however, there was a meeting between the president of Petrobras, Maria das Graças Foster, and the Minister of Mines and Energy, Edison Lobao. After the meeting, Lobao said that Petrobras continues insisting on demands for the government to readjust the price of gasoline, considering that the increases already granted not compensate for the gap in recent years. "Yes, there will be new adjustment. When we do not know," the minister said after the meeting. As the CIDE is already zeroed, any new adjustment would necessarily be passed through to consumer prices.
Fixed telephony and electricity
The central bank also said in the minutes of the Monetary Policy Committee, which projected its readjustment of fixed telephony, for accumulated in 2012, remained at -1%. At the same time, the estimate of BC for the adjustment in electricity prices this year remained at 1.4%.
Source: News G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.