Energy policy shifts in Brazil and India
Brazil and India are taking measures to support their fuel and energy markets amidst ongoing geopolitical tensions in the Middle East and their impact on oil prices. The Brazilian government has decided to extend diesel subsidies and maintain support for cooking gas and tax exemptions until the end of July, with financial assistance starting for each liter of diesel in June. In contrast, the Indian government has reduced export duties on petrol, diesel, and aircraft fuels for two weeks beginning in June, aiming to mitigate the influence of global market fluctuations on the local economy.
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