Haddad indicates that Petrobras should further reduce fuel prices in July to offset higher taxes

Haddad indicates that Petrobras should further reduce fuel prices in July to offset higher taxes

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Minister of Finance participated in a public hearing in the Chamber of Deputies. He also signaled that the same procedure should be done with diesel, whose exemption is valid until the end of this year. The Minister of Finance, Fernando Haddad, indicated this Wednesday (17) that Petrobras, a state-owned company controlled by the Union, may further reduce fuel prices to offset the increase in federal taxes expected for July. “With the increase [de tributos] scheduled for July 1st, will be absorbed by the drop in price left for that day. We didn’t download everything we could. Just waiting for the 1st of July, when the export tax ends and the reencumbrance cycle ends”, declared the Minister of Finance. of the Chamber of Deputies. In February, the government announced the return of federal taxes on gasoline and alcohol. four months. At the end of this period, in early July, there will be a new increase in taxes on gasoline and alcohol. What Minister Haddad is saying is that there is a forecast cut in fuel prices, by Petrobras, to avoid an increase of fuel at the pumps, to consumers – due to the planned increase in taxation.He also signaled that the same procedure should be done with diesel, whose exemption is valid until the end of this year. “And that’s okay, as will happen with diesel at the end of the year. It already left a fat to compute the reencumbrance”, he added. In a hearing at the Chamber of Deputies, Haddad also said that he does not believe in combating inflation by reducing taxes. “I’m not saying I can’t at one time or another can’t do that,” he pondered. He cited the losses of the states with the exemption of ICMS on fuel, which were compensated by the federal government in an agreement closed in March this year, in the amount of R$ 26.9 billion. The amounts will be deducted from the debts of the states with the Union. The states that do not have debts will receive contributions of resources

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