Lula's Government Extends Diesel Subsidy for Another 30 Days
Letícia Alves was born in Fortaleza and graduated in journalism from the Federal University of Ceará. She worked at O Povo newspaper, Poder360, Brasil sem Medo, and Gazeta do Povo. Currently, she is a reporter at Revista Oeste.
TL;DR
- The Ministry of Finance has extended the diesel subsidy for 30 days.
- The subsidy amount remains R$ 2.12 per liter.
- The measure is effective from September 27th.
- The justification includes international oil price volatility and the upcoming presidential elections.
- The R$ 2.12 subsidy comprises R$ 1.12 from May and R$ 1 from September.
- The government states it prevented a reduction in the subsidy, not an increase.
- Brent crude oil prices have surpassed US$ 100 per barrel.
- Brazil imports over 25% of its diesel consumption.