Brazil to lower federal tax on diesel, Bolsonaro says

  • 7/13/2021
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BRASILIA, July 13 (Reuters) - Brazil will reduce the federal tax on diesel from 0.31 reais ($0.06) to 0.27 reais, President Jair Bolsonaro said on Tuesday, adding that Economy Minister Paulo Guedes was on board with the measure. Diesel prices are a sensitive topic in Brazil, where truckers’ strikes can paralyze large sectors of the economy. ($1 = 5.1764 reais) (Reporting by Ricardo Brito; Writing by Gram Slattery; Editing by Chris Reese) Our Standards: The Thomson Reuters Trust Principles.

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