July 24 (Reuters) – Brazil’s fuel-price subsidies will cost an estimated 1.3 billion reais ($256 million) a month for gasoline and 5.5 billion reais for diesel, Planning and Budget Minister Bruno Moretti said on Friday.
- Speaking at a press conference on the government’s fiscal projections, Moretti said the measures were temporary and would be withdrawn once market conditions normalized.
- Brazil currently provides a subsidy of 1.12 reais per liter of diesel, valid for 60 days, and a benefit of 0.44 reais per liter of gasoline, which will remain in place for just over 30 days.
($1 = 5.0780 reais)
Brazil Energy Insight 
Leave a comment