Brent oil, the international benchmark, closed up 3.36% yesterday, trading at US$ 101.21 per barrel. Since the beginning of the United States and Israel war against Iran in late February, the barrel has accumulated a 39.6% increase.
Despite the surge in international oil prices, fuel prices in the domestic market were kept more contained. This occurred due to the compensation measures adopted by the government, such as tax breaks and subsidies.
These government support measures managed to cushion the impact of international quotes on consumers, preventing the nearly 40% increase in the barrel from being fully passed on to final fuel prices.
