Petrobras in the scope of privatization

Petrobras follows a broad step on the way to the private sector. This fact is evident as a result of the numerous auctions of oil wells being sold by prices at the level of charity to the market — mainly to foreign countries — and by the Federal government's cut in half the production capacity of Brazilian refineries.

As a domino effect, the expectations are that after the sale of most of the oil reserves, the next step is to privatize the state-owned oil company. If this is true, it will result in strong impacts on the economy — especially national — as oil is currently primarily responsible for the energy generation of the world.

Among the main discussions that are on the agenda in the possible denationalization of Petrobras, is the loss of government control in the prices of fuel pumps. Since a state is largely linked to the interests of the population, it puts them above the logic of maximizing profit, a private company, in turn, is strongly related to economic policies that aim exclusively at the accumulation of capital.

Without state control, the value of gasoline can leverage at alarming levels. In this situation, it will not only hurt in the pocket of Brazilians who have vehicles, since most durable and non-durable goods are dependent on transportation by highways, such as food, clothing, household appliances, etc.

It seems, in the eyes of the government, the interests of the private market are higher priority. However, the privatization of Petrobras should be studied and discussed concomitantly with the population, which is who literally pays the bill.

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