Brazil Lula waives federal gasoline taxes for 30 days, adds ethanol/diesel subsidies

Brazil's government announced a 30-day federal tax waiver on gasoline, plus R$2.4 billion in subsidies for ethanol and imported diesel, ahead of the second-round election. This is a fiscal stimulus aimed at curbing fuel prices, likely pressuring inflation expectations and the BRL. The measure is temporary but signals pre-election intervention in energy pricing.