Brazil oil regulator rules out norms for fuel pricing frequency

Brazil’s oil regulator ANP said on Thursday it would not establish a minimum frequency for fuel price adjustments, after a nationwide truckers’ protest over rising diesel prices in May cast a spotlight on the issue.

The protests paralyzed Latin America’s largest economy and forced the government to lower diesel prices through tax cuts and subsidies. They also prompted ANP to launch a public consultation from June 11 to July 2, on a potential rule that could set limits on how often fuel prices change in the country.

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