Brazil cuts fuel taxes and authorises a temporary diesel subsidy
The measures lower federal levies on gasoline and ethanol through 9 October and set an initial R$1-per-litre diesel subsidy.
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The measures lower federal levies on gasoline and ethanol through 9 October and set an initial R$1-per-litre diesel subsidy.
The tax will return at half its regular rate in February and March, with a stated additional fiscal cost of C$2.9 billion.
A rise in goods prices led the monthly increase, while final-demand prices were 5.4% higher over 12 months.
A 1 July Reuters interview, carried by InfoMoney, reports Petrobras CEO Magda Chambriard describing a new oil-price range around $72–$75 per barrel while saying uncertainty remained.
Petrol grades rise by 59–60 fils a litre from September and diesel by 50 fils.
The initial 30-day measure starts on September 28.
The October 1 schedule keeps kerosene and household LPG cylinder prices unchanged.
The schedule sets pipeline-specific charges in Turkish lira per barrel.
The August release also reports monthly changes for diesel and petrol.
The Commission’s 29 September assessment distinguishes supply conditions from pricing pressure.
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