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One Tank of Gas Devours 33% of Brazilians’ Monthly Minimum Wage

From bnnbloomberg.ca

Brazil is taking steps to ease pain at the pump in a country where it costs more to fill your tank than in any other major Latin American economy. High fuel prices are one of the main complaints against President Jair Bolsonaro as an October presidential election nears. More Brazilians blame him for high gasoline than Russia’s invasion of Ukraine, according to a May 16-18 poll by Ipespe, an established local pollster. While costly fuel has become an issue everywhere, it’s no wonder the topic is getting outsized attention in the Latin American country, where the average cost of a liter of gasoline is 7.28 reais ... (full story)

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  • Category: Fundamental Analysis