To Lower Gasoline, Ethanol, Diesel, Gas, and Kerosene Prices, Federal Deputies Approve Bill Establishing ICMS on Fuels Nationwide

Beyond The Fixing Of Gasoline, Ethanol, Diesel, Gas, And Kerosene, Bill That Fixes ICMS Also Aims To Auxiliary Fuel For App Drivers And Taxis    

On the night of this past Thursday (10), during a session in the Chamber, federal deputies approved the bill that sets the rates for the Tax on Circulation of Goods and Services (ICMS), a state tax, on operations with fuels (gasoline, ethanol, diesel, gas, and kerosene), valid for any region of Brazil. From now on, the parliamentarians are in the process of analyzing a highlight that could change the final text of the proposal.

Read Other Related News

• What Are The 4 Projects Being Discussed In The National Congress Aimed At Reducing Fuel Prices In Brazil In 2022?
• Cummins Develops Engine That Accepts All Types Of Fuels And Promises A Revolution In The Global Automotive Industry
• Audi Approves Large-Scale Production Of Its Diesel V6 Engines So That Combustion Engines Can Use Renewable Fuels
• Canada Advances In Electrification And Creates A Future Station That Will Not Have Fossil Fuels
• Scientists Use Hydrogen To Enhance Nuclear Fusion And Generate Renewable Energy Capable Of Replacing Fossil Fuels

Bill Aims To Reduce Fuel Prices In Brazilian States

The main objective is to reduce fuel prices, such as gasoline, ethanol, diesel, gas, and kerosene. This measure occurred on the same day as the announcement made by Petrobras, where the oil company announced a new increase, now of 18.8% in gasoline and 24.9% in diesel.

If the bill is sanctioned, the rates will be defined annually, both by the States and the Federal District. The duration is 12 months. Currently, the calculation is made based on data collected every 15 days.

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

Creation Of Assistance For Drivers And Motorcyclists

The proposal was approved in the Chamber of Deputies last year (2021), in mid-October, but the proposal was analyzed by the senators during the morning of this past Thursday. Back in the Chamber, the vote took place a few hours after passing through the Senate floor.

Not long ago, the current president of the Chamber of Deputies, Arthur Lira (PP-AL), publicly challenged the Federal Senate through a demand, where he required senators to be more agile in the voting process of the proposal.

The Senate floor voted on the proposal that creates a type of stabilization fund to curb so many price increases of fuels (gasoline, ethanol, diesel, gas, and kerosene) and also the creation of assistance to help drivers with fuel costs.

According to what is described in the project, individual transportation drivers, such as taxi drivers and app drivers, may receive assistance of up to R$ 300 to cover fuel costs. There will also be assistance of R$ 100 per month for motorcyclists and motorcycle taxi drivers who have a motorcycle of up to 125cc. However, there will be some rules to access the offered benefits. In general, all must have a family income of up to three minimum wages.

Increase In Fuel Prices

On the past Thursday (10), Petrobras announced an increase of 18.8% for gasoline and 24.9% for diesel. This adjustment is already in effect for the price practiced at refineries, but it directly impacts the final value at the pump.

The following day, Friday, 11, the gasoline and diesel price increase began to take effect. In several regions of the country, the price of gasoline reached R$ 8 per liter, something that generated numerous protests from drivers who were outraged upon arriving at stations to refuel.