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Brazil Cuts Diesel Prices as Government Extends Fuel Relief Program

Petroleo Brasileiro SA is implementing domestic diesel price reductions effective Monday under a federal subsidy initiative. The measure is designed to protect consumers from elevated energy costs linked to Middle East geopolitical tensions. The Brazilian government extended its fuel price containment measures by two months. Petrobras, the state-controlled energy major, will participate in the subsidy framework. Analysts say the measure addresses immediate consumer relief while the government monitors international energy dynamics. The extended program signals Brazil's commitment to shielding its economy from external energy shocks.