This Friday (1st) deadline for Petrobras to respond to the STF on fuel readjustments ends

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This Friday (1st) the deadline for Petrobras to respond to the request of the Federal Supreme Court (STF) for explanations on all fuel readjustments applied in the last 60 months ends.

The initial deadline ended last Friday (24), but the state-owned company asked for more days due to “the large volume of data to be analyzed to determine the information and documentation requested”.

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Minister André Mendonça determined that copies of reports, minutes, audio or video recordings of the deliberations on changes in fuel prices should be delivered.

It also asked for the delivery of all the documentation that supported the adoption of the current pricing policy, which provides for parity with the international market, which began in 2016.

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In the last five years, a period defined by the minister, the price of regular gasoline, for example, according to ANP data, went from R$3.55 in July 2017 to R$4.55 in June 2018 and fell to R$4.55 in June 2018. BRL 3.81 in May 2020.

In March 2021, it rose to R$5.48 and reached R$6.74 at the end of the same year. In 2022, it started with a drop to BRL 6.60 in February and, at the end of June, it reached BRL 7.39.

In the case of diesel, in July 2017, the price of a liter at gas stations was, on average, R$2.97. In May 2018, it dropped to BRL 3.62 and, in May 2020, it dropped to BRL 3.03. In March 2021, it rose to R$4.25. It reached R$ 5.49 in January this year and, at the end of June, it reached R$ 7.56.

Minister André Mendonça requested the data within the direct action of unconstitutionality that debates the ICMS on fuels. In the dispatch, he reports the questioning of the states about the readjustments made by Petrobras. In view of this, he points out that it is necessary to “understand the globality of the elements that make up the price”.

Mendonça also highlights that Petrobras, as a mixed capital company, must respect the principle of transparency and the general principles of economic activity, as well as the collective interest and social function.

The fuel readjustment has been a recurring topic in view of the effects on the country’s economy and inflation. Close to the electoral campaign, President Jair Bolsonaro criticized the company and promoted another change in the presidency, a position that social communicator Caio Paes de Andrade assumed this week.

In 2022, diesel has undergone four readjustments: 8% in January, 24.9% in March, 8.87% in May and 14.26% in June. Gasoline had three increases: 4.85% in January, 18.8% in March and 5.18% in June.

Source: CNN Brasil

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