Gasoline may rise by R$0.69 and alcohol by R$0.24 with the return of federal taxes, says association

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Part of this increase, however, can be compensated if Petrobras reduces the price of fuel in its refineries. Lula and the president of the state-owned company have a meeting this Friday. The return of collection of federal taxes on gasoline and alcohol as of March 1st should impact the price of these fuels to the final consumer. The Lula government only extended until February 28 the exemption (reduction to zero) of federal taxes on gasoline, alcohol, aviation kerosene and vehicular natural gas. So far, the government has not signaled a further extension. According to calculations by the Brazilian Association of Fuel Importers (Abicom), the expected increase at gas stations is: R$ 0.6869 per liter in the case of gasoline; BRL 0.2418 per liter in the case of alcohol. Part of this increase, however, can be compensated if Petrobras reduces the price of fuel in its refineries. Data from Abicom show that Petrobras has been selling gasoline at its refineries at a price 8% higher than the prices practiced in the international market. The private company Acelen, owner of the refinery in Mataripe (BA), recently reduced the price of gasoline by R$ 0.2959 per liter. The president of Petrobras, Jean Paul Prates, has a meeting this Friday (24th) with president Luiz Inácio Lula da Silva, at the Planalto Palace. The meeting was supposed to take place this Thursday afternoon, but it was rescheduled. Gasoline from Ceará has the highest average price in Brazil Other fuels In the case of diesel, cooking gas, natural gas and biodiesel, federal taxes are zeroed until December 31, 2023. within the deadlines proposed by the government, it also applies to the importation of these products. The exemption was made via provisional measure. With that, it is already in force, but still needs to be analyzed by Congress. This Thursday (23), the head of the Federal Revenue’s Center for Tax and Customs Studies, Claudemir Malaquias, confirmed that the Tax Authorities are counting on the re-encumbrance of gasoline and alcohol starting in March. According to Ana Flor’s blog, the economic team wants to resume charging to increase revenue and reduce the deficit of more than R$ 200 billion expected for this year. The government’s political wing fears an impact on President Lula’s popularity and on inflation.

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