Brazil Extends Fuel Price Controls to July 31 as Middle East Conflict Lifts Oil Volatility
Updated
Updated · Bloomberg · May 30
Brazil Extends Fuel Price Controls to July 31 as Middle East Conflict Lifts Oil Volatility
1 articles · Updated · Bloomberg · May 30
Brazil extended emergency fuel price-control measures by two months, pushing their expiry to July 31 from May 31.
The presidential office said the move keeps in place steps adopted to contain fuel-price increases driven by volatility in the global oil market after the Middle East conflict.
The extension signals the government still sees external energy shocks as a near-term inflation risk, with domestic fuel costs tied to swings in world crude prices.
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