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 CPI matched July’s annual increase as slower gasoline-price growth weighed on the headline rate.
The tax will return at half its regular rate in February and March, with a stated additional fiscal cost of C$2.9 billion.
The CPI increased 0.4% in August, with gasoline contributing more than one-third of the monthly rise.
A24’s verified channel uploaded a Marín interview on August 25 covering Vaca Muerta, exports, fuel prices and YPF; the conversation date remains unconfirmed.
Petrol grades rise by 59–60 fils a litre from September and diesel by 50 fils.
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