Airports and gas stations were running out of fuel, food prices were spiralling and agricultural exports were hit. Truckers have attempted to put a stranglehold on movement of goods in Brazil to protest fuel price rises. These increases are the result of a politically sensitive decision made in late 2016 to allow the Petrobras oil giant autonomy over its pricing, as well as a rise in world prices in recent weeks.
Petrobras yielded to pressure on Wednesday and temporarily reduced fuel prices, sending its shares plunging more than 13 percent on the Sao Paulo stock market by late Thursday afternoon.
But as reported by channelnewsasia.com, the truckers on Thursday were still blocking main arteries in 24 of the 27 states in the vast country, which has only limited rail services.