Brazil's Lula decrees extension for tax exemption on fuels

General view as Brazil's new President Luiz Inacio Lula da Silva delivers a speech after being sworn in at the National Congress, in Brasilia, Brazil, January 1, 2023. REUTERS/Jacqueline Lisboa

BRASILIA (Reuters) - Brazil's newly sworn-in President Luiz Inacio Lula da Silva signed a decree on Sunday extending for 60 days an exemption for fuels from federal taxes, a measure passed by his predecessor aimed at lowering their cost.

The decree was among the first batch of decisions taken by Lula hours after his inauguration as president, succeeding far-right President Jair Bolsonaro, and officially establishing his cabinet of 37 ministers.