Lula's Government Extends Diesel Subsidy Until One Day After the 2nd Round
Ordinance extends for 30 days, starting Sunday (27th), the validity period of the R$ 2.12 per liter diesel benefit
TL;DR
- Government extends diesel subsidy by R$ 2.12 per liter.
- Subsidy is valid until October 26th, the day after the second round of elections.
- The measure can be extended for another equal period.
- The subsidy acts as a government-funded discount passed directly to consumers.
- This benefit has been in effect since May to counter rising international oil prices.
- A previous increase on September 15th maintained the total subsidy amount at R$ 2.12 per liter.