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Brazil's Moretti says as soon as Brent parameters ease again, government will review position on oil export tax

StockNow breaking-news AI analysis

Brazil may reduce its 12% oil export tax as Brent prices stabilize, supporting fiscal targets while potentially relieving margin pressure on producers like Petrobras.

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Does not foresee resumption of additional subsidy of BRL 0.35/ltr of diesel.

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