Economic Observation Network According to CCTV Finance News,On the 30th local time, in response to the significant increase in fuel prices caused by the tense situation in the Middle East, the Brazilian government announced the extension of relevant emergency control measures by two months.

According to local media reports, the Brazilian government updated its previous package of emergency fuel price control measures on the 30th, including providing 1.12 Brazilian reals per liter (approximately 1.5 yuan) to the country's diesel producers and importers）The subsidy. At present, the average price of diesel in Brazil is about 7.2 Brazilian reals per liter (approximately 9.7 Chinese yuan)）It is reported that in order to obtain federal funding, relevant companies must provide invoices to prove that the discount of 1.12 reals per liter has been fully included in the final selling price.

The Brazilian government stated that this measure is equivalent to a "cash rebate", and as the fuel preferential tax rate expires on May 31, fuel producers and importers will pay taxes again, but will also receive subsidies equivalent to the tax amount.

Earlier this month, the Brazilian government decided to provide gasoline producers and importers with 0.44 Brazilian reals per liter (approximately 0.59 yuan)）The subsidy is provided, and currently the average price of gasoline in the country is 6.66 reais per liter (approximately 8.95 yuan)）These measures will continue until July 31st to curb the impact of rising oil prices on the economy. The expected monthly subsidy amount is about 1.2 billion Brazilian reals (approximately 1.6 billion yuan)）。

Brazilian Minister of Mines and Energy Alexander Silva stated that these measures were introduced to stabilize domestic fuel prices, ensure supply, and avoid the impact of the Middle East situation being passed on to the Brazilian people. The relevant department in Brazil stated that before these measures expire at the end of July, the current policies will be re evaluated and reviewed based on the trend of international oil prices.