Lula’s government in Brazil lowers fuel prices ahead of runoff vote against Flavio Bolsonaro
AI Summary
Brazil’s government has temporarily eliminated federal taxes on gasoline imports and sales, with a possible extension beyond the initial 30-day period. The move comes ahead of a runoff election involving President Luiz Inácio Lula da Silva and Flavio Bolsonaro and is aimed at lowering fuel prices.
A new decree eliminates federal taxes on the import and sale of gasoline for 30 days, with the possibility of an extension
World Politics Markets Commodities Energy Brazil Lula Flavio Bolsonaro runoff election gasoline fuel taxes energy policy