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Brazil\u2019s government on Friday extended fuel-price relief measures for another month \u200band unveiled additional support aimed at shielding consumers \u200cfrom higher global oil prices, as President Luiz Inacio Lula da Silva seeks to ease cost-of-living pressures ahead of this \u200bmonth\u2019s presidential runoff vote.<\/strong><\/p>\n The new gasoline decree will reduce the \u200btax burden by 0.89 reais ($0.18) per liter regarding \u2060PIS\/COFINS and CIDE taxes, effectively zeroing out federal taxation \u200bon gasoline.<\/p>\n Finance Minister Dario Durigan in a press conference \u200brejected suggestions that the measures were tied to the election campaign, saying fuel-related relief measures had been announced regularly since the \u200bstart of the US-Israeli war against Iran.<\/p>\n The existing measures were due to \u200bexpire on Friday, while the new package takes effect immediately<\/p>\n PIS\/PASEP and \u200cCofins \u2060taxes reduction at 0.19 reais per liter of ethanol was extended.<\/p>\n Importers of road diesel to receive an additional subsidy of 1.40 reais per liter for 30 days, \u200bon top of \u200bthe existing \u20602.12 reais-per-liter support.<\/p>\n The government estimates the gasoline and ethanol measures will cost 3.6 billion \u200breais in 2026, while the additional subsidy \u200bfor \u2060imported diesel is expected to cost 1.6 billion reais over a 30-day period.<\/p>\n The government expects the measure to \u2060be \u200bpassed on to consumers, effectively lowering \u200bfuel prices, Planning and Budget Minister Bruno Moretti said.<\/p>\n<\/div>\n