PW
Español

 

PW
Guyana
Surinam


PW
Trinidad

& Tobago
Caribbean

 

Prices
Graphics

 




Very usefull links



PW
Bookstore





Blogspots

The Global Barrel

Tiempo Culural

Gustavo Coronel

Iran Watch.org

Le Blog des
Energies Nouvelles

News Links

AP

AFP

Aljazeera

Dow Jones

Reuters

Bloomberg

Views and News
from
Norway

 

PW
Bookstore

 

 

 

Brazil house speaker says house will vote on fuel tax proposal next week

 

 

 


Reporting by Ricardo Brito / Reuters

BRASILIA
Petroleumworld 10 05 2021

Brazil’s lower house will vote on a proposal to fix a state tax rate on gasoline and diesel next week, speaker Arthur Lira said on Tuesday, adding that the plan hoped to reduce the impact on consumers of rising fuel prices.

Speaking to reporters, Lira said the project sought to stabilize the so-called ICMS state tax rate on fuel by fixing it annually according to the average of the two previous years.

ICMS is a tax on sales and services and applies to the movement of goods, transportation, communication services and other supplies. Currently it is set every 15 days, making it fluctuate regularly.

Fuel prices have become a hot political topic in Brazil, with truckers increasingly angry at the rising costs. President Jair Bolsonaro, eager not to lose an important support base, has sought to calm frustrations and pushed for change in the ICMS tax.

It has put pressure on state-run oil company Petrobras .

So far this year, diesel prices at the refinery have risen more than 50%, prompting politicians to call on the company to exercise a “social function” by helping to limit inflation.

Petrobras Chief Executive Officer Joaquim Silva e Luna pushed back last week here, saying there was "zero" risk that the company would seek to artificially control fuel prices even amid growing public outrage over inflation. 

____________________

Reporting by Ricardo Brito; Writing by Stephen Eisenhammer; Editing by Christopher Cushing from Reuters

reuters.com
10 05 2021

TOP

                                                                                                                                                                                                                                                                                                                                                                                             Contact: editor@petroleumworld.com,


Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2021, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2021, Petroleumworld   / Elio Ohep - All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.