Bolsonaro mulls flexible taxes for fuels, Petrobras to set fuel prices freely
Petroleumworld 26 10 2018
The far-right front-runner in Brazil's presidential election, Jair Bolsonaro, intends to use flexible taxes for fuels as a way to avoid volatility in prices for consumers, newspaper Folha de S. Paulo reported on Thursday.
If the international fuel price is higher, a lower tax rate would be applied and vice-versa, controlling prices at the pump, Folha reported.
As a consequence, state-run oil company Petroleo Brasileiro SA would set fuel prices freely.
Bolsonaro was an early supporter of a truckers strike this year over rising diesel prices.
The candidate did not immediately respond to a Reuters request for comment on the report.
Reuters reported earlier this month that Bolsonaro's advisers are deeply split over the future of Petrobras, foreshadowing a showdown over divestments and fuel subsidies.
Reporting by Carolina Mandl; Editing by Jeffrey Benkoe from Reuters.
reuters.com 10 25 2018
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