Brazil's Bolsonaro says oil company Petrobras will pay for free LPG

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Brazilian President Jair Bolsonaro said on Friday evening that state-controlled company Petroleo Brasileiro SA, known as Petrobras, has 3 billion ...

Brazil's President Jair Bolsonaro talks during a ceremony of signing a decree establishing the Public Integrity System of the Federal government at the Planalto Palace in Brasilia, Brazil, onJul 27, 2021. BRASILIA: Brazilian President Jair Bolsonaro said on Friday evening that state-controlled company Petroleo Brasileiro SA, known as Petrobras, has 3 billion reais to fund free LPG bottles to low-income people that cannot afford them.

Liquified petroleum gas bottles are used for cooking mainly by low-income Brazilians, and the government has been criticized for its recent price hikes."The new Petrobras CEO, general Silva e Luna, has this 3 billion reais reserved to help the people in need", Bolsonaro said in an interview with a TV show aired on Friday.

"People could have one free LPG bottle every two months", he said, adding the government is still considering how that could be done. The new subsidy would be announced in August with the expansion of other social programmes to compensate for higher inflation caused by record fuel and electricity prices. The government aims to increase the size of Bolsa Familia, a program that makes direct payments to families in need with children, from 14 million to 17 million families.

In the interview, Bolsonaro also acknowledged higher food prices but said they were caused mainly by international demand.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.


Source: BusinessTimes - 🏆 15. / 51 Read more »

Forgotten oil and gas wells linger, leaking toxic chemicalsRusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in windswept West Texas. Corroded skeletons are all that remain of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Oil falls but heads for strong weekly gain on demand growthOil prices fell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

China urges tech companies to step up management of critical data exportsBEIJING: China's Ministry of Industry and Information Technology (MIIT) said on Friday that big tech companies should step up the management ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Peru's Castillo chooses leftist party colleague as PMPeru's President Pedro Castillo on Thursday named a prime minister from within his Marxist-Leninist Free Peru party - 41-year-old Guido Bellido ... This is so wrong
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »