Brazil to unveil fuel subsidy to curb rising prices

The subsidy will be paid directly to producers and importers through the National Agency for Petroleum, Natural Gas and Biofuels, and will be capped at the level of federal fuel taxes, the government said. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Brazil is set to introduce a fuel subsidy aimed at curbing rising gasoline prices, with potential future extensions to diesel.

The subsidy will be paid directly to producers and importers, capped at the level of federal fuel taxes.
Key figures include Mines and Energy Minister Alexandre Silveira and Planning and Budget Minister Bruno Moretti.
The measure will be funded through the federal budget and is intended to remain fiscally neutral.