Pandemic, politics usher uncertainty into Brazil’s diesel market
Rising prices and a failed trucker strike last month have rocked the Brazilian diesel market this year.
Petrobras, Brazil’s state-owned oil company, has raised fuel prices several times this year after pressure from independent importers, angering consumers and trucking unions.
Petrobras' CEO was recently ousted by Brazilian President Jair Bolsonaro, all while Petrobras sells off eight of its 13 refineries.
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