Government announces gradual reduction of fuel subsidies.

The Federal Government announced, this Tuesday (30), a gradual suspension of measures aimed at controlling fuel prices, in view of the search for fiscal balance. The decision comes after a partial agreement signed between the United States and Iran, which led oil prices to operate at around US$ 70/barrel, a value close to that observed before the outbreak of the conflict. As announced by the Minister of Finance, Dario Durigan, starting tomorrow (1st), the subsidy of R$ 0.35 per liter of diesel will be suspended. "We will not stop here. We are evaluating the other diesel subsidy, which is R$ 1.12, and, in particular, also gasoline, of R$ 0.44," he said at a press conference. Currently, subsidies for diesel, gasoline and Liquefied Petroleum Gas (LPG) are in effect in Brazil, in addition to the exemption of federal taxes for biodiesel and aviation kerosene. Meanwhile, during this period of soaring oil prices, the federal government created credit measures for airlines and increased oversight of abusive fuel prices at gas stations.

This text was translated by machine from Brazilian Portuguese.