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LatinNews Daily - 01 June 2018

In brief: Brazil

* Brazil’s chief-of-staff, Eliseu Padilha, has said that the ministers for consumer defence and justice should sign an agreement with the national fuels federation to make sure the R$0.46 (US$0.12) reduction in diesel prices is passed onto consumers at the pumps. The measure is designed to stop fuel distributors from artificially inflating fuel prices. During a press conference, Padilha said that those who fail to adhere to the new pricing system could be fined up to up to R$9.4m (US$2.5m) and have their licences revoked.

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