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Government Measure Proposes Cutting Fuel Costs to Lower Airline Tickets

RIO DE JANEIRO, BRAZIL - The government plans a package of measures to reduce the price of aviation kerosene by 2020. The goal is to cut the cost by up to 20 percent to attract new businesses, increase competition, and, as a result, lower airfare prices.

One of the proposals under study is to end the incidence of the PIS/Cofins (Social Integration Programs/Contribution for Social Security Financing) on aircraft fuel.

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