The tax rate on gasoline rose 10 cents per liter, raising the price to R$1.57; This is the second consecutive year that there has been an increase in ICMS on fuels
The year 2026 began with a significant increase in fuel prices in Brazil. Last Thursday (1), the adjustment of the ICMS rate on gasoline, diesel and cooking gas came into force. This decision, taken by the National Council for Financial Policy (CONFAZ) in September last year, is already impacting consumers’ budgets. The tax rate on gasoline rose 10 cents per liter, raising the price to R$1.57. Diesel increased by 5 cents per liter, costing R$1.17. Cooking gas was increased by R$ 1.50 per cylinder.
This is the second consecutive year that there has been an increase in ICMS on fuels. In February 2025, there was a similar increase in prices. CONFAZ, which brings together the State Finance Departments, based the adjustment on average monthly fuel prices, released by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), between February and August 2025, comparing them with the same period in 2024. The expectation is that the impact on Brazilians’ pockets will be significant, since the increase in fuel prices directly affects the country’s economy.
With information from Julia Fermino
