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Diesel Price Sees New Increase and Reaches R$6.20 at Pumps with Resumption of Federal Taxes to Cover Discount Given on New Car Purchases; News Harms Truck Drivers and May Lead to Strike by the Category

Written by Flavia Marinho
Published on 06/09/2023 at 13:40
diesel - caminhoneiros - greve - preço - combustíveis - impostos
reoneração do diesel para financiar compra de veículos pode gerar greve dos caminhoneiros com nova alta do combustível – Imagem Brasil 247
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Return of Federal Taxes Promises to Increase R$ 0.35 Per Liter of Diesel by January. The Turnaround in Prices Primarily Impacts the Pocket of Truck Drivers

Amidst rising prices at gas stations with the increase in gasoline and ethanol, a piece of news worries truck drivers and all those who depend on diesel for their means of transport: the price of fuel has seen a new increase, with the partial return of federal taxes. The price of diesel has gone up R$ 0.11 at distributors, an increase that may be immediately reflected at the fuel pumps.

Rising prices are not new for Brazilians. In addition to the adjustment made by Petrobras in August, the cycle of rising fuel prices is also related to the increasing costs of imports. During the first half of the year, when the international market was down, fuel had months of decline.

The Turnaround in Federal Taxes on Fuels

To understand this turnaround in diesel prices, it is essential to go back in time. Until recently, the exemption of federal taxes on fuels, including diesel, was a reality. This measure was implemented in 2022 in response to the impact of the war between Russia and Ukraine. However, in February of this year, President Luiz Inácio Lula da Silva chose to extend the tax exemption for gasoline and ethanol until March and for diesel until the end of December.

According to Abicom (Brazilian Association of Fuel Importers) and Fecombustíveis (National Federation of Fuel and Lubricants Trade), the PIS/Cofins rate, which was previously zero, is now R$ 0.11 per liter. In October, this amount will increase again, reaching R$ 0.14. Furthermore, there is the resumption of charges on biodiesel, which represents 12% of the mixture sold at gas stations. The full charging of these taxes is scheduled for January 2024.

The partial reversal of the tax exemption on diesel occurred to compensate for the loss of revenue due to the increase in the incentive program for new cars, which happened in June. This decision was a crucial point in the resumption of taxes, which will directly affect consumers’ pockets and, especially, truck drivers, who rely on diesel as the fuel that drives their daily activities.

Impacts on Drivers’ Pockets and the Reflection on Inflation and the Economy

The adjustments in diesel prices, as well as the return of taxes on gasoline and ethanol, have had a significant impact on inflation. In July, the IPCA (National Consumer Price Index) gained momentum, advancing 0.12%. Gasoline, one of the sub-items with the highest individual weight in the index, was the product that most contributed to this increase, registering a variation of 4.75% for the month.

Truck drivers, who are essential for transporting goods across the country, will directly feel the impact of this increase in diesel prices. The escalation of fuel costs can significantly affect their earnings and, consequently, the cost of living for all Brazilians. In addition, the Brazilian Supermarket Association (Abras) warns that adjustments in diesel prices may elevate the prices of products such as fruits and vegetables, meats, dairy products, and processed foods, impacting the basic supply basket of families.

Flavia Marinho

Flavia Marinho é Engenheira pós-graduada, com vasta experiência na indústria de construção naval onshore e offshore. Nos últimos anos, tem se dedicado a escrever artigos para sites de notícias nas áreas militar, segurança, indústria, petróleo e gás, energia, construção naval, geopolítica, empregos e cursos. Entre em contato com flaviacamil@gmail.com ou WhatsApp +55 21 973996379 para correções, sugestão de pauta, divulgação de vagas de emprego ou proposta de publicidade em nosso portal.

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