Brazil’s government said Monday that concessions to end a crippling truckers strike will have a high cost for taxpayers even as the country’s businesses and consumers struggle with shortages of fuel, food, medicines and other vital goods. The government said Sunday it will cut taxes on diesel fuel, freeze the price 60 days and let them change once every month afterward, and compensate state-controlled oil company Petróleo Brasileiro SA, or Petrobras, and its private-sector competitors, among other concessions. Shares of Petrobras took a hit Monday, plunging 15% to 16.91 reais. According to Factset data, the oil giant has lost nearly $45 billion in market value since its recent peak on May 16, and around $28 billion since the strike began. The measures will cost about 9.5 billion reais ($2.6 billion) through the end of the year, Finance Minister Eduardo Guardia said Monday at a news conference. Part of […]