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Realtime News
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Home > News > Realtime News
Brazil president announces measures to reduce fuel prices
Posted on 2026-10-10 14:07:13
Brazilian President Luiz Inácio Lula da Silva's government has announced new
measures to lower fuel prices.

This comes ahead of the presidential election's second round.

Fuel costs are a sensitive issue for voters, who'll decide on October 25
between Sen. Flávio Bolsonaro and Lula.

A new decree eliminates federal taxes on gasoline imports and sales for 30
days.

Ethanol tax exemptions and subsidies are also extended and the government
will provide additional subsidies to diesel importers.

AP_JvW

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