In order to continue providing price buffers to consumers before the first round of voting in the October 4 presidential election, the Brazilian government extended relevant measures aimed at curbing the rise in fuel prices. Brazil's Ministry of Finance issued a decree to ensure that the total diesel subsidy of R $2.12 per litre is extended for at least 30 more days on the basis of temporary measures effective May 30. According to a statement issued by the Ministry of Finance on Friday, this extension did not change the amount of subsidies. This month, Brazilian President Lula announced further fuel tax cuts aimed at protecting consumers from the impact of soaring oil prices caused by the US-Iran war. The measures also include cutting taxes on gasoline and ethanol.
Zhitongcaijing · 1d ago
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In order to continue providing price buffers to consumers before the first round of voting in the October 4 presidential election, the Brazilian government extended relevant measures aimed at curbing the rise in fuel prices. Brazil's Ministry of Finance issued a decree to ensure that the total diesel subsidy of R $2.12 per litre is extended for at least 30 more days on the basis of temporary measures effective May 30. According to a statement issued by the Ministry of Finance on Friday, this extension did not change the amount of subsidies. This month, Brazilian President Lula announced further fuel tax cuts aimed at protecting consumers from the impact of soaring oil prices caused by the US-Iran war. The measures also include cutting taxes on gasoline and ethanol.
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