Shits & Giggles

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Brazil is handling their economy brilliantly. (no sarcasm here) They increased tax on credit to ease inflation. This is needed to eventually allow PBR to raise retail gas prices to accommodate the higher crude prices.

(PBR has not raised prices since 2009, and with the recent rise of oil prices, their margins will suffer.)

Filed under pbr brazil economy

  1. echotoall posted this