Brazil Transport Agency to Revise Govt-set Freight Prices

September 4, 2018

© Vinícius Bacarin / Adobe Stock
© Vinícius Bacarin / Adobe Stock

National transport agency ANTT will revise Brazil's minimum truck freight prices, the regulator said in a statement late on Saturday, without providing details or a time-frame for an announcement of new government-set values.

ANTT said on its website it would "promote the necessary adjustments" after "variations in the price of diesel fuel."

On Friday, state-run oil company Petroleo Brasileiro SA lifted diesel prices by 13 percent at the refinery gate after oil regulator ANP disclosed a new price benchmark under the government's fuel subsidy program.

The government decided to subsidize fuel as one measure to end a nationwide truckers strike that crippled the country's roads for 11 days in May.

President Michel Temer also signed into law a bill authorizing the government to set minimum truck freight prices last month, another of the measures to stop the protests.

But industrial and farm lobbies say the law setting minimum freight prices would raise internal shipping prices.

The new law requires truck freight prices to be equal to, or above, minimum prices set by ANTT. The new policy requires minimum prices be published twice a year, by Jan. 20 and July 20.


(Reporting by Ana Mano; Editing by James Dalgleish)

Logistics News

BIMCO, ICS Report Warns of Possible Shortage of STCW Certified Officers

BIMCO, ICS Report Warns of Possible Shortage of STCW Certified Officers

France to Export Four Barley Cargoes to China

France to Export Four Barley Cargoes to China

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Handling System

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Handling System

Cavotec Inks Southern California Shore Power Order

Cavotec Inks Southern California Shore Power Order

Subscribe for Maritime Logistics Professional E‑News

Ukraine strikes Russian energy sites - What was hit?
Former Italian railways chief begins 5-year prison term for 2009 disaster
Maguire: How to monitor the stress on European power systems during heatwaves