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6.4

Brazil Treasury corrects fuel tax relief deadline to Oct 9, 30 days

The Brazilian Ministry of Finance corrected the deadline for the fuel tax relief decree, extending it to October 9, 30 days from signing, not October 5 as initially stated. The correction comes amid an election period, with the measure aimed at reducing gasoline and ethanol prices. The extension may be seen as an attempt to influence voters ahead of the first round of the presidential election.

Valor Econômico1 day agoBRCredibility 44%View source

Score Breakdown

Mosaic Score6.4
Confidence0.9
Significance0.5
Source credibility0.4

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