Brazil · Story · Regulation
Lula's fuel subsidies and oil export tax extension
President Lula has expanded fuel subsidies and cut gasoline taxes while extending the oil export tax until December 2026.
Running story — the local press covered it again on 6 November 2026.
The story so far as of 6 November 2026
On 10 October, President Luiz Inácio Lula da Silva expanded subsidies for gasoline, diesel, and ethanol, reducing federal taxes on gasoline to zero. The subsidy for gasoline increased from R$ 0.63 to R$ 0.89 per liter. On 6 November, Lula extended the 12% tax on crude oil exports until 31 December 2026 to stabilize fiscal revenues amid fluctuating global oil prices.
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Coverage, day by day
- Regulation
Lula extends 12% oil export tax until December
Impact Oil exporters face continued tax pressure, affecting revenue projections.
Sources: Folha de S.Paulo ↗, Jornal de Brasília ↗
- Regulation
Lula expands fuel subsidies, cuts gasoline taxes
Impact Fuel importers and distributors benefit from reduced costs due to the elimination of federal taxes on gasoline.
Sources in this story
Sources: each headline links to the original article on the publisher's site.