Arthur Lira Presents Bill To Reduce ICMS On Fuels And Energy Aiming To Prevent A Rise In Final Prices For Consumers

Seeking to Bring More Stability to the Market and Lower Variations in Final Prices of These Resources as a Way to Ensure a Safe Economy, Arthur Lira Will Present a Project to Reduce the ICMS on Fuels and Energy in the Chamber of Deputies

The President of the Chamber of Deputies, Arthur Lira, presented a project in the Chamber last Wednesday, (05/25), to set the rate and reduce the ICMS charged on fuels and energy in Brazil. This is a move by the executive to make the Brazilian market more stable and prevent the final prices of products and services that use these resources from rising throughout the year 2022.

Setting the Rate and Reducing the ICMS on Fuels and Energy in Brazil Is Arthur Lira’s New Strategy to Ensure Greater Economic Stability

The meeting that will be held next Tuesday by executive Arthur Lira aims at a vote on the project that sets the ceiling of the ICMS rate for fuels and electricity at 17% in the states, thus reducing the ICMS charge on these resources. This is the strategy of the President of the Chamber of Deputies to prevent exorbitant increases in the prices of products and services and stabilize, as much as possible, the national market. 

Arthur Lira recently defended his project via the Twitter platform and stated that this is not merely an ideological debate or solely a political issue, but a matter of interest for all of Brazil. This is because the prices of products and services related to the fuel and energy sector are becoming increasingly higher, while the purchasing power of Brazilians cannot keep up with these changes. Thus, the reduction in the ICMS charge and the setting of the rate will allow for greater stability in these values.

Moreover, this is not a project advocated only by Lira, as the Federal Supreme Court itself acknowledged that raising the rates to 25%, as provided in the legislation of Santa Catarina, would be unconstitutional and set the ceiling at 17%, thereby reducing the ICMS charge. Therefore, Arthur Lira’s project aims to establish the ICMS ceiling on fuels and energy at 17% in all states of the country, primarily impacting the final prices of gasoline for consumers, whose taxation in the states is currently over 27%. 

Project to Reduce ICMS on Fuels and Energy Is Discussed by Lira in Meeting with the Minister of Mines and Energy

The new project from the President of the Chamber of Deputies to reduce fuel and energy prices for consumers was discussed in a meeting held last Wednesday, (05/18). Thus, the discussion between Lira, party leaders from the allied base, and the Minister of Mines and Energy, Adolfo Sachsida, opened the floor for the positive and negative points of the project to set the ICMS rate on these products.

Therefore, the President of the Chamber of Deputies commented on the debate with political leaders and stated, “We had a very productive meeting, and Minister Sachsida will meet with Aneel and distributors to seek a balanced solution to minimize this pass-through that, despite being contractual, can be reduced.”

Finally, he stated that the lawmakers intend to vote on the bill that suspends the average adjustment of 17% for 13 distributors in 11 states, made by Aneel during April of this year, if the Executive does not present a viable alternative for reducing the prices of these resources in the national market.