Chart: In Brazil, drivers pay for the budget deficit

(published April 13, 2015)

Brazil currently suffers from inflation levels not seen in almost 10 years, international media reported in March 2015. The 7.7 percent yearly inflation is well above the target rate of 4.5 percent set by the government of President Dilma Rousseff. This is the result of increasing prices of transportation, electricity, and food among other things. Although Brent, the international benchmark for crude oil, fell more than 50% for the 9 months since June 2014, gasoline rates in the largest Latin American economy are creeping up. According to Reuters, retail prices of gasoline went up by 8.4 percent from January to February 2015 due to an increase of fuel taxes. With higher taxation, Brazil’s Finance Ministry tries to tackle a growing budget deficit.

To see the latest updates please refer to the gasoline prices in Brazil.

Latest articles
Gasoline consumption as percent of income
Gasoline affordability around the world
How electricity prices vary with consumption
Gasoline and diesel price forecast - outlook for Europe and the world
Oil price outlook

Every week you will receive an e-mail with the latest global petrol prices (we do not spam).

sign up
This site uses cookies.
Learn more here