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Brazil subsidizes fuel and aviation to fight rising costs.
Brazil’s President Lula signed decrees to counter rising fuel costs, providing a 1.20 real subsidy for imported diesel and tax breaks on biodiesel to support freight and transport.
A 330 million real subsidy will align LPG import prices with domestic rates, and two credit lines totaling 9 billion reais will aid the aviation sector.
Additionally, the government proposed a bill to criminalize price gouging.
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Brasil subsidia el combustible y la aviación para combatir el aumento de los costos.