RIO DE JANEIRO, BRAZIL - Calculations by Senator Fernando Bezerra Coelho (MDB-PE), rapporteur of Bolsonaro's state-level VAT cap project (ICMS on Fuels, Electricity, Transportation, and Telecommunications), show that gasoline and diesel prices would drop significantly if the proposal is approved.
- Reduction of R$0.76 in the price of diesel, from R$6.88 to R$6.12 (US$1.25) per liter;
- The price of gasoline would decrease by R$1.65, from R$7.21 to R$5.56 (US$1.13) per liter.
The averages are based on the . . .
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