President creates monitoring committee for gas market reforms

President Jair Bolsonaro launched Tuesday the New Gas Market Program, including by decreeing a monitoring committee focused on encouraging competition. The government wants to add flexibility to the cooking gas market and cut the gas volume reinjected into oil fields as one way of lowering natural gas prices by as much as 50% in two years. Regulators also study permitting sales of unbranded cooking gas canisters allowing self-service refills as one way of cutting the average cost for consumers.

Source: Valor Econômico