The Ministry of Finance announced on Thursday (23) a 30-day extension of the R$ 0.44 per liter gasoline subsidy, effective from July 26.
Minister Dario Durigan signed the order maintaining the previous subsidy amount, which was set to expire on July 25. The measure aims to cushion the impact of rising international oil prices, influenced by the conflict in the Middle East.
The diesel subsidy of R$ 1.12 per liter had already been extended for 60 days on July 16. The government had planned at the end of June to gradually reduce subsidies after initial oil price declines.
The subsidies were introduced in May as an emergency action amid escalating Middle East tensions, which pushed Brent crude above US$ 98 per barrel.
