Lula da Silva decides to return with federal tax on fuel, gasoline will cost R$ 0.69 more per liter

The return of federal taxes on fuels should raise the price for consumers, according to a survey by the Brazilian Center of Infrastructure (CBIE).

Yesterday (Dec. 27), the future Minister of Finance, Fernando Haddad, said the measure that exempts the payment of PIS and Cofins on fuels should not be extended.

According to Haddad, the decision is of the president-elect Luiz Inácio Lula da Silva (PT, progressive-globalist).

The exemption was established by President Jair Bolsonaro (PL, conservative) at the beginning of the year to lower prices impacted by the war in Ukraine.

The measure is valid until the end of this month.

With this, there will be a considerable price increase of fuels until the Lula de Silva government takes some new measures to curb prices.

According to Haddad, Lula da Silva did not want Bolsonaro to extend the exemption because he believed the new government should have more time to evaluate the measure’s impacts.

According to the Brazilian Center for Infrastructure (CBIE), the increases should be

Gasoline: R$ 0.69 per liter
Ethanol: R$ 0.26 per liter
Diesel: R$ 0.33 per liter