In brief

The government extended gasoline and ethanol tax relief to December 9.

The estimated cost is R$ 2.76 billion.

What we know

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  1. Verified fact · material

    Decree 13,159 of November 9, 2026 extends for 30 days, to December 9, the tax relief on gasoline and ethanol.

    Deadline.

  2. Verified fact · material

    The relief is R$ 0.89 per liter of gasoline A and R$ 0.19 per liter of hydrated ethanol.

    Amount.

    Sources[01][03]
  3. Verified fact · material

    The estimated fiscal cost of the relief is R$ 2.76 billion, offset by extraordinary oil revenue.

    Cost.

  4. Verified fact

    According to the Finance Ministry, the hydrated ethanol subsidy will cost R$ 813.41 million in the period.

    Subsidy.

    Sources[01]

Transmission to assets

Market read-through

The extension delays passing taxes on to gasoline prices.

Portfolio impact

01
PETR4uncertain

Pump price held.

Relief ends.

What would change the view: Extension.

sector5% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Further extension
  • Oil prices

Limits of the reporting

What remains uncertain

  • There is no decision on what happens after December 9.

Full sources

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