Ukrainian Strikes on Russian Refineries Put Brazil's Diesel Subsidy Back on the Table

Attacks that crippled output at the Omsk plant and prompted Moscow's export ban are tightening global diesel flows just as Brazil had begun to phase out price supports.

Brazilian officials are weighing whether to hold diesel subsidies in place after Ukrainian drones hit one of Russia's biggest refineries and Moscow moved to block exports. The decision comes weeks after the government had started trimming those same supports as international prices eased.

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