Brazil cuts petrol taxes and boosts diesel subsidies amid oil price surge

Brazil on Friday scrapped federal taxes on petrol imports and sales for 30 days to contain rising fuel prices.
The government also raised subsidies for diesel importers, with the war in West Asia pushing up oil costs.
The measures come before the October 25 runoff between President Lula and Flavio Bolsonaro.
Brazil imports about a third of the diesel it uses, making it exposed to higher global prices.

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