For the economic team, expenses will be offset by royalties and oil revenues; MP was announced this Wednesday (May 13)
The president’s government (PT) stated this Wednesday (May 13, 2026) that the measures announced to contain the rise in gasoline prices will not change the fiscal target or cause a deterioration in public accounts. The MP with new fuel subsidies was announced at a press conference.
According to the economic team, the costs of subsidies and exemptions will be offset by the increase in revenue linked to the rise in oil prices. “We are being cautious not to work with an overly optimistic scenario. The costs of the measures will be fully absorbed within the fiscal target”said the Minister of Planning and Budget, Bruno Moretti.
During the presentation of the package, members of the government said that, if the expected extraordinary revenues are not sufficient, there will be expenditure contingencies to ensure compliance with fiscal targets.
According to the economic team, the increase in revenue from dividends and oil royalties should offset the additional expenses. The government also argues that there is fiscal space to absorb the announced measures without impact on the primary result.
According to Moretti, “there is fiscal space to convert extraordinary revenues into subsidies and exemptions that have been made”.
THE SUBVENTION
The measures announced this Wednesday (May 13) include subsidies for gasoline and diesel, which will cost tax payers around R$2.9 billion per month. The resources come from the General Budget of the Union.
In the case of gasoline, the government works with a subsidy of between R$0.40 and R$0.45 per liter. The estimated tax impact varies from R$1 billion to R$1.2 billion monthly. The maximum benefit limit may reach R$0.89 per liter, an amount corresponding to federal taxes currently charged on fuel.
For diesel, the government intends to replace the PIS/Cofins exemption, currently at R$0.35 per liter, with a subsidy mechanism starting in June. The measure would have an estimated cost of R$ 1.7 billion per month.
Currently, imported diesel already receives a subsidy of up to R$1.52 per liter, while national diesel has a benefit of R$1.12 per liter.
According to the Minister of Planning and Budget, Bruno Moretti, each R$0.10 subsidy on gasoline generates a monthly expense of R$272 million. In diesel, the impact is R$492 million for every R$0.10 subsidized.
