Politics
Bolsonaro engaged in pre-election political marketing with falling fuel prices at gas stations
A new “coil” of the pre-election dispute around the fall of the IKMS on fuel and lubricants has begun. Pen of the President of the Republic, Bolsonaro has redacted a decree requiring gas stations to display posters with old prices. so that consumers are able to make a comparison.
The opposition says that this is an election campaign. Glasey Hoffmann, president of PT, complained on social media: “Bolsonaro is making gas stations report falling fuel prices after the ICMS change – this is unbelievable.” The reaction will not stop there.
As expected, Bolsonaro’s government is doing its pre-election political marketing by lowering fuel prices at gas stations. After a law passed by Congress that changed the way ICMS is levied on fuel to reduce the weight of the tax on the final price at a gas station, prices began to fall – and the population feels it.
Mines and Energy Minister Adolfo Saxida stopped this week at a gas station on the Ipiranga network.in Brasilia to advertise the cost of gasoline charged locally at 5.99 reais per liter, as shown in the report Stadao. “We manage to keep fuel prices down,” he boasted in a recorded video.
The president’s son, Senator Flavio Bolsonaro, is also campaigning to criticize opponents with price tags at gas stations.
A few weeks ago, on June 21, according to reports from the National Oil Agency, the cost of a liter of gasoline reached 8.99 reais.
Most states have already cut ICMS, and governors who have cut taxes are now looking to capitalize on falling prices as well. Sao Paulo Governor Rodrigo Garcia, who is seeking re-election, was the first to draw the line..
The agreement is being structured such that the ICMS reduction will be temporary, until the end of the year, and then modulated for a gradual reduction over time.
The Ipiranga gas station, which served as a reference point for Minister Paulo Guedes in the 2018 elections, is now serving as propaganda to reduce fuel consumption. Long before the decree, Bolsonaro’s supporters were already talking to gas station owners not to cover their license plates.
The pen of the president and the power of the Centrão leadership in the Congress continue to take over the agenda of economic measures in the elections. How the country’s economy reaches 2023 doesn’t seem to matter to the political world.
* SPECIAL REPORTER FOR THE BRAZIL ECONOMY
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Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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