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Brazil's Durigan says was going to remove the gasoline subsidy this week, but I will consider a potential removal next week
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Brazil's Finance Ministry delayed the gasoline subsidy removal by one week. Investors are watching for fiscal impacts and potential pressure on Petrobras' earnings and central bank interest rate cuts.
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We will see an increase in ethanol content of gasoline to 32% in the coming days. The decision was set to be made yesterday by the national energy policy council, but was postponed due to the war in the Middle East. We also want to see an increase in the biodiesel blend in diesel this year.
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