Politics · Brazil · 2 days ago

Brazil plans R$5.2 billion in fuel support measures

Brazil plans R$5.2 billion in fuel support measures

Brazil plans to spend R$5.2 billion on measures to support fuel supplies and prices.

They include tax breaks for gasoline and ethanol, plus subsidies for biofuel and imported diesel.

The diesel subsidy is set at R$1.40 per litre and will last 30 days.

The government says it must move money from other parts of its budget to cover the cost.

Sources

Related news