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Lula Announces 1-Month Diesel Subsidy Ahead of Election

9/10/2026

Summary

Story summary

President Luiz Inácio Lula da Silva announced fuel tax cuts and a one-month diesel subsidy ahead of the October election.
A provisional measure cuts diesel levies by 1.00 real per liter for one month starting September 10.
Planning Minister Bruno Moretti said measures will cost about 40 billion reais March-September, financed by oil-export revenues and an export tax.
Economics professor Armando Castelar Pinheiro said the fuel relief has a significant electoral component.

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Story summary

President Luiz Inácio Lula da Silva announced fuel tax cuts and a one-month diesel subsidy ahead of the October election.
A provisional measure cuts diesel levies by 1.00 real per liter for one month starting September 10.
Planning Minister Bruno Moretti said measures will cost about 40 billion reais March-September, financed by oil-export revenues and an export tax.
Economics professor Armando Castelar Pinheiro said the fuel relief has a significant electoral component.