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Brazil’s Petrobras hikes prices, ignoring Bolsonaro

AFP

Brazilian state-run oil company Petrobras announced hefty increases in gasoline and diesel prices Thursday in response to the Ukraine crisis, ignoring President Jair Bolsonaro’s criticism of what he calls excessive prices.

Petrobras said it would raise the price of gasoline from its refineries by 18.8 percent and diesel by 24.9 percent from Friday, citing the “worldwide surge in the prices of oil and oil derivatives as a result of the war between Russia and Ukraine.”

The company said the move was in line with increases by other fuel suppliers, and emphasized that it had not raised prices in nearly two months.

But the move will likely irk the far-right president, who has been trying to rein in surging fuel prices and inflation more broadly, phenomena which are hurting his popularity as he gears up to seek reelection in October.

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Bolsonaro, who regularly criticizes Petrobras for high prices, said Monday the company’s policy of parity with international prices “cannot continue.”

Petrobras shares dove more than seven percent following the comment.

That echoed a stock plunge of more than 20 percent just over a year ago, when Bolsonaro changed Petrobras’s chief executive after saying the company should not be constantly “surprising people” with price increases.

Bolsonaro is pushing for Congress to pass legislation to bring fuel prices down, though experts say the short-term impact would be minimal.

He is also reportedly looking at decreeing emergency subsidies to lower prices.

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Both measures are unpopular with fiscal conservatives.

Surging prices in Brazil, where the annual inflation rate stands at 10.38 percent, are a weak spot for Bolsonaro as he eyes a tough reelection battle in seven months, likely against leftist ex-president Luiz Inacio Lula da Silva.

The international oil market has been rocked by volatility since Russia invaded Ukraine two weeks ago.

The Brent crude price hit a peak of $139 a barrel Monday, a 14-year high, before falling to around $116 Thursday.

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International

Bolivia Orders Three Investigations Into Deadly Military Plane Crash

Bolivia’s Defense Minister Marcelo Salinas announced Monday that three separate investigations will be conducted into Friday’s crash of a military cargo aircraft at El Alto International Airport, near La Paz, which left at least 22 people dead.

The Hercules aircraft, operated by the Fuerza Aérea Boliviana (FAB), was transporting cash intended for the Central Bank of Bolivia when it overshot the runway after landing from the city of Santa Cruz. The plane reportedly traveled nearly one kilometer beyond the airport perimeter.

The incident sparked chaotic scenes, with individuals attempting to collect scattered banknotes. Authorities detained 51 people in the aftermath, and the government declared three days of national mourning.

Multiple Investigations Underway

The first inquiry is being led by a military board from the Bolivian Air Force, which has already taken custody of the aircraft’s black box for analysis.

Minister Salinas said two additional investigations will follow — one conducted by the insurance company and another by the aircraft’s manufacturer.

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“At least two more investigations will come, that of the insurance company and that of the aircraft manufacturer,” Salinas said during a press conference in Santa Cruz.

He cautioned that the investigative process could take between three and six months, noting that the black box cannot be opened in Bolivia due to the lack of specialized laboratories for analysis.

Awaiting Official Findings

Salinas stressed that the FAB investigative board is the highest authority in the case and urged the public to wait for its conclusions to avoid speculation about the causes of the crash.

He also confirmed that the government has contacted the families of the 22 victims and the 37 injured, as well as the owners of 15 damaged vehicles, to coordinate procedures with the insurer and cover the corresponding expenses.

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Mexico Calls for Immediate Probe After National Dies in ICE Custody

Mexico’s Secretaría de Relaciones Exteriores (SRE) on Monday called on U.S. authorities to conduct an “immediate and thorough” investigation into the death of a Mexican national while in custody of U.S. Immigration and Customs Enforcement (ICE) at a processing facility in California.

In a statement, the Mexican government described the death as “regrettable” and urged U.S. officials to clarify the circumstances surrounding the case in order to “determine responsibilities and ensure that such events do not happen again.”

Death at Adelanto Processing Center

According to available information, the Mexican citizen died at the Adelanto Processing Center in California while under ICE custody. Authorities have not yet released the individual’s identity or the cause of death.

Following the incident, Mexico’s Foreign Ministry formally requested “detailed information” from U.S. authorities, including the detainee’s medical records and custody reports.

Consular Assistance Activated

The Mexican Consulate in San Bernardino, California, has activated consular assistance protocols to provide ongoing support to the deceased’s family. Officials have contacted relatives to express condolences and offer legal guidance, as well as assistance with the necessary procedures to repatriate the remains.

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“The handling of situations like this and the establishment of mechanisms to resolve them are priorities for the Government of Mexico,” the Foreign Ministry said, adding that it will formally request an investigation into any systemic conditions that may have contributed to such incidents.

Local Mexican media reported that seven Mexican nationals died while in ICE detention last year — the highest number recorded since the agency was created.

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International

Anti-ICE Billboard Campaign Targets Immigration Spending in 31 U.S. Cities

More than 200 billboards criticizing U.S. Immigration and Customs Enforcement (ICE) began appearing Monday in 31 cities across the United States, including Miami, as part of a campaign highlighting the high cost of immigration enforcement operations for taxpayers.

The initiative, titled “ICE Costs Us,” was launched by the civil rights organization Mijente and will run for four weeks.

Criticism of Spending and Enforcement Tactics

The billboards feature images of ICE agents during arrests or carrying military-style weapons. According to the organization, spending on military-grade equipment for the agency has increased by 600 percent in recent years.

Several signs display messages such as:
“Your taxes are being wasted” and “ICE’s cruelty costs you $28 billion,” referring to the agency’s annual budget.

In a statement, Marisa Franco, co-founder of the Mijente Support Committee, said:
“For too long, our government has prioritized building cages and investing billions in an immigration enforcement apparatus that has left families torn apart and communities terrified.”

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She added that “Millions of Americans are living paycheck to paycheck, yet this violent agency continues operating with a blank check. These decisions do not make us safer nor improve our economic security. Our billboards highlight these choices and demand a different path.”

Budget Debate and Medicaid Comparison

The campaign also draws a comparison between ICE’s funding and the estimated 17 million people who could lose health coverage under Medicaid due to federal budget cuts under President Donald Trump.

Other billboard messages seen in various cities include:
“They get billions to beat us; we get layoffs and rising rents” and “Funding ICE is a fast track to fascism.”

Organizers say the goal is to spark public debate about the allocation of federal funds for immigration enforcement and the broader economic and social impact of such policies on communities nationwide.

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