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Latin Times
Latin Times
Politics
S. Lee

Lula Zeroed Gasoline Taxes. Economists Explain Who Pays the Bill on October 26

Luiz Inácio Lula da Silva Flávio Bolsonaro Petrol Brazil GDP International Monetary Fund Oil Petrobras
A motorist from France fills up his car at a petrol station where fuel is subject to a reduced tax rate in Pas de la Casa, Andorra, on September 15, 2026. Fed up with soaring fuel prices, thousands of French motorists living near the border regularly travel to neighbouring countries to fill up at a lower cost, but the price gap is narrowing, which sometimes makes these trips less appealing. This practice is nothing new, but it has attracted even more attention since petrol prices in France this week returned to their June 2022 peak, a few months after the outbreak of the war in Ukraine. (Credit: Photo by Matthieu RONDEL / AFP via Getty Images)

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