Brazil Fuel Prices

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages

Brazilian President Jair Bolsonaro on Monday dismissed the president of state oil giant Petrobras, who had been in the job for only 40 days.

Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.

Indian state refiners' petrol and diesel sales declined in the first half of July from the same period last month, according to preliminary data, as a renewed lockdown in parts of the country and rising retail prices hit demand. India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behin...

Oil prices held above $50 per barrel on Wednesday following a 3 per cent jump a day earlier on the back of Brazilian and Libyan supply worries, a US pipeline outage and a general rally in riskier assets on hopes of more economic stimulus measures.

Oil prices slipped in thin trading on Wednesday as investors took profits from the previous session's rally, while potential supply disruptions in the United States, Brazil and Libya curbed losses.

Crude prices settled up about 4 per cent on Tuesday as a rally in US gasoline and diesel amid an outage on a key pipeline system added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loading.

Inflationary worries are here to stay. First it was a fuel price hike because of excise levies and now the metal sector is passing on the burden of a hike in excise duty to customers.

Inflationary worries are here to stay. First it was a fuel price hike because of excise levies and now the metal sector is passing on the burden of a hike in excise duty to customers.

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages

Brazilian President Jair Bolsonaro on Monday dismissed the president of state oil giant Petrobras, who had been in the job for only 40 days.

Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.

Indian state refiners' petrol and diesel sales declined in the first half of July from the same period last month, according to preliminary data, as a renewed lockdown in parts of the country and rising retail prices hit demand. India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behin...

Oil prices held above $50 per barrel on Wednesday following a 3 per cent jump a day earlier on the back of Brazilian and Libyan supply worries, a US pipeline outage and a general rally in riskier assets on hopes of more economic stimulus measures.

Oil prices slipped in thin trading on Wednesday as investors took profits from the previous session's rally, while potential supply disruptions in the United States, Brazil and Libya curbed losses.

Crude prices settled up about 4 per cent on Tuesday as a rally in US gasoline and diesel amid an outage on a key pipeline system added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loading.

Inflationary worries are here to stay. First it was a fuel price hike because of excise levies and now the metal sector is passing on the burden of a hike in excise duty to customers.

Inflationary worries are here to stay. First it was a fuel price hike because of excise levies and now the metal sector is passing on the burden of a hike in excise duty to customers.