Politics

The political factor that most affects the formation of fuel prices

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On the CNN Poder this Wednesday (19) CNN RadioWilliam Waack analyzes Petrobras’ leadership change and the country’s recent fuel price hikes.

“I doubt there is anyone who likes to raise the price of fuel. But there is the following: the formation of fuel prices in any fairly complex economy depends on a number of factors, and what most of all hinders the formation of this price is a political factor, ”Vaak said.

He said that comparing Petrobras’ current situation with what happened in Venezuela, with oil-producing countries in Africa, the Middle East and Argentina, can be done immediately.

“When the political power starts to interfere with the main oil producer in the country – I’m talking about Petrobras – and begins to think that the company is not doing what needs to be done, the overall result is catastrophic,” he said.

For him, it is very difficult – or almost impossible – for the government of President Jair Bolsonaro (without a party) to convince markets and economic agents that he is not trying to change the management policies at Petrobras that pulled him out of the hole. created by the political intervention of PT many years ago.

“The picture is dangerous, delicate. This Petrobras guide came after [Operação] Lava Yato, corruption, scandal, billions of dollars in losses and huge losses for the country and shareholders. I’ve seen a lot of repetitions. I hope this is not the case. “

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