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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

“Promises delivered”: Milei celebrates milestone and pushes ahead with structural reforms

Argentine President Javier Milei marked the second anniversary of his victory in the November 19, 2023 presidential election on Wednesday, declaring that he has fulfilled “every campaign promise” even before reaching the halfway point of his term.

In a message posted on his official X account, Milei stated that his administration set out from day one to implement its political program without concessions. “We have dedicated ourselves to fulfilling every campaign promise, to the point that they were completed in less than two years, despite the entire status quo’s obstruction machine,” the president wrote.

Milei won the runoff election with 55.65% of the vote, defeating then–Economy Minister Sergio Massa, who received 44.35%. He officially took office on December 10, 2023, describing himself as the “first libertarian liberal president in the history of humanity.”

The head of state also highlighted the performance of his party, La Libertad Avanza (LLA), in the October 26 legislative elections, where it secured more than 40% of the votes. This result, he said, gives him the momentum to advance toward a new phase of “structural reforms.”

“We renew our commitment to all Argentines to implement all second-generation reforms so that, once and for all, we enter the path that will make Argentina great again,” Milei wrote, reaffirming his push for a deep transformation of the country’s economic model.

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During his presidential campaign, Milei pledged to drastically shrink the size of the state, carry out sweeping labor and tax reforms, and radically overhaul economic policy through a “fiscal shock” plan aimed at controlling inflation and achieving a budget surplus.

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International

Haitian authorities mobilize nationwide as gangs threaten confrontation with police

Haiti’s National Police (PNH) declared a state of maximum alert after the leader of the Viv Ansanm armed coalition, Jimmy Chérizier — known as “Barbecue” — urged the population to stay indoors amid the prospect of clashes with security forces carrying out an offensive against gang groups.

The threats came days after the PNH, the Haitian Armed Forces (FAD’H), and the Gang Suppression Force (GSF) launched a large-scale operation against the 400 Mawozo gang, which for years has controlled and kidnapped residents in Tabarre and Croix-des-Bouquets, north of the capital.

The police announced the suspension of all vacations and leave for officers “in order to mobilize all police personnel, with the goal of ensuring optimal security for the population and responding to any eventuality.” Authorities reported that operations will continue specifically in Croix-des-Bouquets, territory controlled by 400 Mawozo under the command of Lanmò Sanjou.

In recent days, security forces located and raided several hideouts used by criminal groups, managing to kill or force the retreat of gang members from strategic areas. Police Director General Vladimir Paraison visited the barracks of the units involved in the operations to express his “appreciation for the courage and commitment of the police in their relentless battles to restore order and uphold the law.”

Chérizier — for whom the United States has offered a $5 million reward — urged citizens on Sunday to remain in their homes so the gangs could confront police forces and “avoid becoming victims.”

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“The time has come, Haitian people, to unite to liberate this country,” he declared in a message shared on social media.

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International

U.S. House poised to approve bill requiring declassification of Epstein files

A group of lawmakers in the U.S. House of Representatives said on Tuesday that a bill requiring the Department of Justice to declassify documents related to the case of billionaire Jeffrey Epstein is expected to pass with “overwhelming” support.

Democratic Representative Ro Khanna, the sponsor of the proposal, urged the Senate not to allow delays or amendments. “I expect it to pass by an overwhelming majority in the House. I don’t want politicians playing games with this. They need to pass it in the Senate without changes,” he said from Capitol Hill, joined by Republicans Thomas Massie, Marjorie Taylor Greene, and several Epstein victims.

The vote is scheduled for Tuesday at 2:00 p.m. local time, after 218 lawmakers from both parties forced House Speaker Mike Johnson to bring the measure to the floor.

U.S. President Donald Trump, who has been criticized by Democrats for his past friendship with Epstein, stated that he would sign the bill if it passes both chambers of Congress. His support came after a shift in his position, following his name appearing in leaked documents.

Representative Marjorie Taylor Greene, a frequent ally of the president, publicly confronted Trump in recent days over the issue. Standing alongside several Epstein victims, she defended her backing of the bill despite Trump calling her a “traitor.” “These women have fought the most horrible battle that no woman should ever have to fight (…) even against the president of the United States,” she said.

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Taylor Greene added that the “real test” will be whether the Department of Justice complies with releasing the documents once the bill is enacted. “Or everything will remain sealed under the pretext of ongoing investigations,” she warned.

Haley Robson, one of the victims, also spoke during the press event. “I’m traumatized, I’m not stupid,” she said firmly, arguing that attempts by certain sectors to delay the process have caused tremendous emotional harm. “This is not political. This is America. This is the land of freedom,” she stated.

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