Lula’s Government in Brazil Lowers Fuel Prices Ahead of Runoff Vote Against Flávio Bolsonaro
The decree eliminates federal taxes on gasoline imports and sales for 30 days and adds a diesel subsidy of 1.40 reais per liter, officials said.
- On Friday, Oct. 9, 2026, Brazilian President Luiz Inacio Lula da Silva's government announced new fuel tax cuts and extended subsidies to lower prices just over two weeks before the presidential runoff.
- Rising international fuel prices triggered the action, as the government noted the situation has "deteriorated since the measures announced in September." War between Israel and Iran disrupted shipping through the Strait of Hormuz, causing crude oil costs to surge.
- A new decree eliminates federal gasoline taxes for 30 days and extends ethanol tax exemptions. Importers of diesel will receive 1.40 reais per liter subsidy, supplementing the 2.12 reais per liter subsidy already in effect.
- Stabilizing diesel prices is critical to prevent trucker strikes, which previously caused billions in losses and disrupted food supply chains. Voters will decide Oct. 25 between Lula and Sen. Bolsonaro.
- Government revenues from Brazil's oil assets will offset the fiscal impact of these measures, which have surged this year due to rising international crude oil prices as Brazil exports major volumes.
21 Articles
21 Articles
RÍO DE JANEIRO (AP) — The government of Brazilian President Luiz Inácio Lula da Silva announced on Friday new cuts in fuel taxes, and extended the current subsidies to lower prices, when little more...
The Toronto Star
Lula’s government in Brazil lowers fuel prices ahead of runoff vote against Flávio Bolsonaro
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva ’s government on Friday announced new fuel tax cuts and extended existing subsidies aimed at lowering fuel prices, just over two weeks before a closely contested presidential runoff.
Lula’s government in Brazil lowers fuel prices ahead of runoff vote against Flávio Bolsonaro – WTOP News
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva ’s government on Friday announced new fuel tax cuts and extended existing subsidies aimed at lowering fuel prices, just over two weeks before a closely contested presidential runoff. Fuel prices are a particularly sensitive issue for voters, who will decide on Oct. 25...
The measures adopted by the government of Luiz Inácio Lula da Silva (PT) to prevent the country's fuel bombs from reaching the impact of the war in the Middle East have already consumed R$ 41 billion of public safes this year, according to the Ministry of Planning. With the expansion of the benefits, this Friday, in the middle of the second round dispute by the Presidency of the Republic with Flávio Bolsonaro (PL), the fiscal impact must rise ev…
The tax reduction on gasoline goes to R$ 0.89 per litre, zeroing the rates of PIS/Passep, Cofins and Cide; it confirms major changes
Coverage Details
Bias Distribution
- 61% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
