The Brazilian government released 1.1 billion euros to subsidize fuels. This decision is part of an economic support program for the country's energy sector.
Most of the resources, 5.6 billion reais (around 946 million euros), will be destined for the economic subsidy of the production and importation of road-use diesel. This amount represents the largest portion of the total budget released.
The program aims to mitigate the impact of high fuel prices on consumers and businesses. Road-use diesel is a fundamental input for the transportation of goods and passengers in Brazil.
The measure comes in a context of inflationary pressure and high international oil prices, which have been affecting the Brazilian economy and the cost of living of the population.
