Brazil Cuts Diesel Costs by $0.19/L as Hormuz Chokepoint Strains Fuel Supply
Brazil's 30-day diesel subsidy of R$1 ($0.19) per liter aims to stabilize road freight costs as Brent crude breaks above $100 and the Strait of Hormuz disruption tightens global fuel supply. For logistics and procurement teams, the temporary tax cuts on gasoline, ethanol and blends offer near-term relief but create a planning window that ends October 9, just before the presidential vote.