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Brazil diesel subsidy fails to close record Petrobras-import gap
Valor Econômico·BR · US·2 days ago
Petrobras received R$2.57bn in new diesel subsidy payments covering June 1-30, part of Brazil's fuel price stabilization program. The payment continues an established subsidy flow, with total program receipts now exceeding R$Xbn. This supports Petrobras cash flow but signals ongoing government intervention in fuel pricing.