PoliticsBrazil Cuts Fuel Taxes Ahead of Lula-Bolsonaro Runoff
Brazilian President Luiz Inácio Lula da Silva's government announced new fuel tax cuts and extended subsidies on October 9, 2026, aiming to lower fuel prices before the October 25 presidential runoff against Flavio Bolsonaro. The decree removes federal taxes on gasoline imports and sales for 30 days, with possible extension, and increases ethanol subsidies. This move targets voters sensitive to fuel costs ahead of the tight election.
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