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Brazil scraps taxes on diesel, imposes levy on oil exports after price ...

Summary by ts2.tech
Petrobras’ U.S.-listed ADRs traded at $19.06 on Thursday after Brazil imposed a temporary oil export levy and scrapped diesel taxes, moves that could limit gains from the global crude rally. The company sold diesel at auction in Rio Grande do Sul at premiums up to 1.78 reais per liter above standard prices. Petrobras posted a fourth-quarter profit of 15.6 billion reais and paid 45.2 billion reais in dividends and interest on equity in 2025. The …

17 Articles

Lean Right

Lula speaks of "economic engineering" to control floods caused by "war irresponsibility". Two federal gas taxes are temporarily suspended.

·Portugal
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Left

The conflict in Iran caused the price of oil to rise around the world. The federal government plans measures to avoid transfer to consumers

·São Paulo, Brazil
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The Brazilian government is trying to protect consumers from soaring global oil prices by cutting federal taxes on fuel and introducing a new crude oil export tax, Bloomberg reports.

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UOL broke the news in Brazil on Thursday, March 12, 2026.
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