The rise in prices compared to August was driven mainly by food. The largest decline was observed in fuel prices.
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Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
With Petrobras unprepared to attend the demand for gasoline and diesel in November, the Brazilian market could seek products overseas to avoid shortages.
Twenty-five percent of the fuel the country uses now comes from renewable sources. The goal is to reach 2030 with a 30% share.
Brazilian state-owned company announced a 3% reduction in diesel and gas prices, but the change might take a while to reach the consumer.
Brazilian president said that, although prices are high, they tend to remain stable, despite the US strike in Iraq last Friday.
State’s government announced a reduction from 25% to 12% in the ICMS aliquot charged on the fuel.
