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Brazil’s Lula scraps gasoline tax ahead of runoff election

Americas 1 source 1 country 🔦 Under-reported 27m ago

Brazil has temporarily removed gasoline taxes in a move led by President Luiz Inácio Lula da Silva to address rising fuel prices. The policy shift was enacted shortly before a crucial runoff election against former President Jair Bolsonaro.

The decision directly targets the economic pressure of high fuel costs for Brazilian citizens. By scrapping the taxes in the immediate lead-up to the runoff, the administration implemented a significant economic measure at a pivotal political juncture.

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Read the full story at the source Arab News · SA ↗
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