The greatest impacts on the month’s index stemmed from transportation (0.83%), which includes fuels, and food and beverages (0.53%)
The result brings the rate to 4.70% year to date and 6.47% in 12 months. Major impacts came from food and beverages and transportation. Only communications sank.
Kerosene is down 2.6 percent, gasoline 5.7 percent. Prices are adjusted monthly as per the contracts with distributors, the state-run oil giant noted.
Taking revenue losses into consideration, Brazilian state governors decided to appeal to the Supreme Court against the new law making the reduction mandatory.
The refineries are being used with a load close to the maximum projected. In March the company reached 91 percent of the total utilization factor of the park.
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