Reasons are discharged from ICMS (Tax on Circulation of Goods and Services) and Petrobras readjustment
Prices of gasoline and diesel rose throughout Brazil from this Saturday (1st.FEV.2025). The reasons are 1) the elevation of the ICMS (Tax on Circulation of Goods and Services) on these fuels and 2) The readjustment of Petrobras.
The readjustments were determined in October 2024 by the (National Council of Treasury Policy), which brings together Finance Secretaries of the 27 States and the Federal District. Here are the decisions (PDF – 227 kb).
The rate will be raised as follows:
- Gasoline – increase of R $ 0.10 per liter of gasoline, going to R $ 1.47;
- diesel – Increase from R $ 0.06 per liter, to R $ 1.12.
“These adjustments reflect state commitment to promote a balanced, stable and transparent fiscal system that properly responds to market price variations and promotes tax justice.”declared the Confaz on.
This was the 1st revision in the molds Dthe complementary law that instituted a fixed rate for fuels in. Earlier, each state calculated the ICMS based on the average price of the previous 3 months.
In Brazil, the price of fuels is determined by the market. The decision to pass whether or not to increase consumer taxes fall on gas stations – which generally pass.
According to (Brazilian Association of Fuel Importers), the price of diesel is 15% below the Cotations of PPI (International Parity Price), international reference in the sector. Read the full (PDF – 746 kB).
Priceless
The President of the Republic, (PT), and his ministers say that there will be no intervention in the prices of . The idea in the government is that any kind of measure in this regard would not be sustainable. In an interview with journalists on Thursday (30.jan), the petista that the one who decides on readjustment is the state -owned company. Problem: Who sent the state -owned company to abandon the previous PPI system was Lula.
