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Brazil's Petrobras board approves joining diesel subsidy program
Source: reuters.com
Energy Markets & PricesFiscal Policy & BudgetCommodities & Raw MaterialsEmerging Markets
Petrobras' board approved participation in Brazil's new diesel-producer subsidy program, which pays 1.00 real ($0.19) per liter for 30 days. The measure may temporarily support Petrobras' diesel economics and domestic fuel supply, while signaling government intervention in Brazilian fuel pricing.
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