Brazil extends gasoline/ethanol tax exemption 30 days, keeps ethanol subsidy

The Brazilian government extended the federal tax exemption on gasoline and ethanol for another 30 days and maintained the additional subsidy to ethanol producers. This continues an established policy of fuel tax relief, likely aimed at curbing inflation ahead of elections. The extension signals sustained fiscal pressure and supports ethanol competitiveness, with implications for domestic fuel prices and the biofuels sector.

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