Brazil to phase out diesel subsidy more gradually

Brazil’s government will phase out its diesel subsidy more gradually than its gasoline subsidy, aiming to avoid price shocks and fuel supply disruptions despite falling global oil prices.Planning and Budget Minister Bruno Moretti said the government would remove the gasoline subsidy of around £0.06 per litre within days. However, the larger diesel subsidy, worth approximately £0.15 per litre, will be withdrawn over a longer period to give the market greater stability.Speaking