July 19, 2018 / 9:46 PM / 6 months ago

Brazil oil regulator rules out regulations on fuel pricing frequency

RIO DE JANEIRO, July 19 (Reuters) - Brazil’s oil regulator ANP said on Thursday it would not establish a minimum frequency for fuel price adjustments, following a public consultation on the hotly contested issue.

The consultation, from June 11 to July 2, was announced after a nationwide truckers strike over diesel price hikes in May paralyzed Latin America’s biggest economy and prompted the government to cut diesel prices through subsidies and tax cuts. (Reporting by Marta Nogueira Editing by James Dalgleish)

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