Brazilian Prez replaces Energy Minister over fuel price policy

by IANS |

Brasilia, May 12 (IANS) Brazilian President Jair Bolsonaro replaced Mines and Energy Minister, Bento Albuquerque after a series of disagreements regarding fuel price policy, the Official Gazette reported.

Albuquerque was removed as a sitting Minister on Wednesday.

Economist Adolfo Sachsida, who was Head of the Special Advisory for Strategic Affairs of the Economy Ministry, was appointed the new Minister, Xinhua news agency reported.

Albuquerque had differences with Bolsonaro about the government's claim that the state-owned oil company Petrobras should curb the increase in gasoline, diesel and household gas prices.

Last week, the publicly-traded company disclosed record profits in the first quarter of the year, 38 times higher than the same period in 2021, followed this week by an announcement of an 8.9 per cent hike in the price of diesel.

The high cost of gasoline, diesel and household gas has put pressure on the prices of other products, generating dissatisfaction with the government and Bolsonaro, who is seeking a second presidential term in the country's October elections.

Latest News
Modi-Shehbaz Sharif meeting likely during SCO summit: Report Thu, Aug 11, 2022, 03:14 PM
Australia men's team donates prize money from Sri Lanka tour to support nation in economic crisis Thu, Aug 11, 2022, 03:02 PM
Howrah City Police arrested a housewife Thu, Aug 11, 2022, 02:56 PM
A Newborn, who was buried alive by her parents and rescued by a farmer Thu, Aug 11, 2022, 02:49 PM
Gujarati extortionist gets captured by Punjab Police. Thu, Aug 11, 2022, 02:46 PM
Frankfurt Airport sees 5mn passengers for 1st time since Covid Thu, Aug 11, 2022, 02:39 PM
Nadal confirms participation in Cincinnati Open Thu, Aug 11, 2022, 02:32 PM
Bencic defeats Serena Williams in emotional Toronto send-off Thu, Aug 11, 2022, 02:26 PM
Faf du Plessis roped in by Chennai Super Kings owners for CSA T20 League: Report Thu, Aug 11, 2022, 02:24 PM
2022 BRICS Games to be held online in September Thu, Aug 11, 2022, 02:18 PM
Skeletons peep out of Maha CM's 'mini-cabinet', 75% ministers face criminal cases Thu, Aug 11, 2022, 01:49 PM
Government Makes wearing of masks mandatory at public places Thu, Aug 11, 2022, 01:41 PM
Afif Hossain, Anamul Haque help Bangladesh win final ODI, deny Zimbabwe series sweep Thu, Aug 11, 2022, 01:15 PM
Will keep away from issues between Kerala govt and Guv: Congress Thu, Aug 11, 2022, 01:14 PM
Ross Taylor reveals accounts of racism in New Zealand cricket through his autobiography Thu, Aug 11, 2022, 01:10 PM