Brazil's Lula to detach local fuel prices from global oil quotes if elected

FILE PHOTO: Brazil’s former President Luiz Inacio Lula da Silva speaks at Sindicato dos Metalurgicos do ABC (ABC Steelworkers' Union), in Sao Bernardo do Campo, Brazil January 29, 2022. REUTERS/Carla Carniel/File Photo

BRASILIA (Reuters) - Brazilian former President Luiz Inacio Lula da Silva, a leftist polling ahead of incumbent President Jair Bolsonaro prior to this year's general election, said on Thursday he does not expect to keep local fuel prices linked to global oil prices if he wins.

State-run oil company Petrobras currently sells its fuel based on the import parity prices, taking into account international prices for products such as gasoline and diesel and the foreign exchange rate. Lula implied that would change if he is elected.