IBP: Freezing fuel prices would have an impact of up to BRL 200 billion in one year

The president of the Brazilian Institute of Oil, Gas and Biofuels (IBP) and former director of Petrobras, Eberaldo de Almeida, said this Tuesday (8) that the freezing of fuel prices in the country would have an impact of R$ 180 billion. to BRL 200 billion if it lasted the entire year of 2022.

Earlier, he said that the impact would exceed R$113 billion, a figure calculated in a simulation that considers a freeze on diesel and gasoline in 2021.

The government of President Jair Bolsonaro is studying a temporary price freeze by Petrobras, but is also discussing a direct subsidy to make up the difference with international prices.

The expert is against intervention and the stabilization fund. Almeida defends a direct subsidy to the most needy, such as a gas voucher for needy families and assistance to self-employed truck drivers, without affecting Petrobras’ pricing policy and market fluctuation.

“Anything that is not a direct subsidy from the government, in the context of the situation, will mess up the economy and what we are going to experience is a setback in the process because investments flee”, said Almeida after lunch at the Parliamentary Front for Entrepreneurship (FPE).

The president of the IBP also stated that no measures can be taken at the moment to reduce the price of fuel at the pump, which would only happen with structuring measures.

“In this conjunctural period, you will have to act with a subsidy located in those most in need. It has no magic wand,” he stated. Structuring measures, he pointed out, depend on political signaling. “But it is much better to argue in peacetime than in war.”

Source: CNN Brasil

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