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Montevideo, October 2nd 2022 - 10:31 UTC

Tag: price stabilization

  • Thursday, December 9th 2021 - 09:30 UTC

    Brazil working to create a price stabilization fund for gasoline, diesel and LNG

    In a symbolic vote on Tuesday, the Senate's Economic Affairs committee passed a bill implementing the tax and fuel price stabilization fund

    The Brazilian government in coordination with Congress are working on the creation of a price stabilization fund for fuels in an attempt to isolate the country from the volatility of international prices of oil and refined products. The fund is to be financed mainly with a tax on oil exports, helping with stability to domestic prices of gasoline, diesel and liquid gas.