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Brazil oil regulator ANP approves initial payments for diesel subsidies

 

 

 

By Reuters

RIO DE JANEIRO
Petroleumworld 07 27 2018

Brazilian oil regulator ANP said on Thursday it had approved the payment of subsidies for diesel prices for the May 30 to June 7 period, with payments to begin in the coming days.

The subsidies were agreed to by President Michel Temer to halt a truckers' strike in May over rising diesel prices which paralyzed Latin America's top economy. Two companies currently have their paperwork in order to begin receiving payments, ANP said.

_________________________

Reporting by Alexandra Alper; editing by Diane Craft from Reuters.

reuters.com 07 26 2018

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