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Brazil announces new measures to stave off rising fuel costs

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·AFP·19 days ago
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New gasoline and diesel aid aims to shield Brazilians from war-driven prices Last updated: May 14, 2026 | 04:10 Activists perform the death of fossil fuels at the so-called "Great People's March" in the sidelines of the COP30 UN Climate Change Conference in Belem, Para State, Brazil. File photo taken on November 15, 2025. AFP Brazil on Wednesday announced a new package of measures to temper fuel price increases caused by the war in the Middle East. The move comes ahead of elections in October, which are predicted to be tight. President Luiz Inacio Lula da Silva's government announced subsidies for gasoline, which had been left out of an initial price-mitigation package in April, as well as for diesel. Eighty-year-old veteran leftist Lula is running for a fourth term in office. Polls show he faces stiff competition from his main rival, senator Flavio Bolsonaro -- son of far-right former president Jair Bolsonaro, who is in jail for an attempted coup attempt.…

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