Brazil Govt Publishes Decree With Gasoline Subsidy

Brazilian government published a decree and ordinance authorizing the granting of economic subsidies to producers and importers of petroleum-derived fuels, according to an Official Gazette extra edition published Monday night.

• Measure aims to “mitigate the economic impacts caused by the shock in the international energy market resulting from the conflict in the Middle East”
• Subsidy amounts to 0.44 real per liter of gasoline and will be valid for two months
• NOTE: Brazil’s Planning Minister Bruno Moretti said on May 13 that the subsidies can be extended if necessary
• NOTE on May 13: Brazil to Issue Provisional Measure on Gasoline Subsidy: ...