August 15, 2022 16:56 GMT
Brazilian President Jair Bolsonaro has announced on twitter that state owned energy company Petrobras will reduce the price of gasoline tomorrow for the third time since June.
- Bolsonaro: "From tomorrow, 16/08, Petrobras will reduce by R$ 0.18 the average price of sale of gasoline to distributors, from R$ 3.71 to R$ 3.53 a liter. - It's the third reduction announced in recent weeks. Soon we will have one of the cheapest "gasolines" in the world."
- There has been suggestion this month that a USD$7 billion spending package to ease the burdens of inflation, announced by Bolsonaro, may have contributed to a tightening of the polling margin to favoured challenger Luiz Inácio Lula da Silva. A Quaest poll last week showed Bolsonaro level with Lula in the most populous state of Sao Paulo a state which often act as a bellwether for general elections.
- More recent polling, however, has suggested that the same trend is yet to emerge on a national level. A FSB poll released today shows Lula taking 58% of the vote in a hypothetical second round runoff to Bolsonaro's 42% - a one percentage point increase for Lula.