Brazil Expands Fuel Tax Cuts, Subsidies as Iran War Carries On

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The Lula government announced yesterday a new round of measures to try to bridge the rise of fuel before the explosion of oil due to the conflict in the Middle East, which concerns the president in the election year. The actions include subsidies for diesel oil, for the kitchen gas (GLP) and for the need for aviation (QAV), credit for air companies and enforcement. Unique material for signatories. To have complete access, access the material lin…

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The Minister of Finance, Dario Durigan, reported that a new decree will grant a subsidy of 80 cents of real (16 cents) for each liter of refined diesel in Brazilian territory.

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Brasilia, Brazil.The Brazilian government announced Monday measures to curb the rise in fuel prices caused by the war in the Middle East, which threatens to increase inflation before the general elections of October.President Luiz Inácio Lula da Silva will sign a package of provisions that include diesel subsidies, tax exemptions for biodiesel and subsidies on the import of liquefied gas.He will also offer lines of credit for the aviation sector…

Forbes España

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The Brazilian government has decided to extend by R$ 10,830 million (€ 1,812 million) the fall in federal taxes and fuel subsidies to contain the impact of the price hike caused by the war in Iran. According to Finance Minister Dario Durigan, the executive will temporarily eliminate [...] The entry The Brazilian government expands by up to 1,812 million euros its aid to the purchase of fuels aparece primero en Forbes España.