What specific change did Petrobras announce regarding gasoline prices for distributors, and what caused the reversal from its initial announcement?

Petrobras reversed its initial announcement—made late Wednesday—that it would scrap a 0.44 real-per-liter discount and raise gasoline prices to distributors to 3.24 reais per liter; instead, it clarified early Thursday that new federal tax cuts of 0.63 real per liter would more than offset the end of that discount, resulting in a net reduction of 0.19 real per liter in the price distributors pay for gasoline at Petrobras refineries, inclusive of taxes.

How do the government's new tax measures on gasoline differ from the previous subsidy, and what is their direct impact on the final price paid by distributors?

The government replaced and expanded its prior 0.44 real-per-liter cash subsidy with a broader 0.63 real-per-liter cut in federal taxes on gasoline imports and sales; according to Petrobras, this tax reduction fully compensates for the discontinued discount and leads to a net decrease of 0.19 real per liter in the effective price distributors perceive—including taxes—when purchasing gasoline from Petrobras.

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