Sao Paulo, Oct 10, 2026 (AFP) - Brazil's Lula scraps gasoline tax ahead of runoff election

NAMPA / AFP

2026-10-10

Brazil's government announced on Friday that gasoline taxes will be temporarily scrapped, two weeks ahead of the runoff election between incumbent President Luiz Inacio Lula da Silva and right-wing challenger Flavio Bolsonaro. Lula, who is seeking his fourth term, is trying to contain rising fuel prices amid a global spike in oil prices driven by the war in the Middle East. The gasoline tax, which was set at 0.89 reais ($0.18) per liter, would be......

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