Oil Industry Asks Brazil Crude Export Tax Be Left to Expire
4 Articles
4 Articles
Oil Industry Asks Brazil Crude Export Tax Be Left to Expire
Brazil's oil industry is asking that the Brazil crude export tax be left to expire. The finance ministry wants it kept until its current window ends on 7 September 2026. The post Oil Industry Asks Brazil Crude Export Tax Be Left to Expire appeared first on The Rio Times.
The technical area of the Ministry of Finance recommended that the government maintain the levy of the oil export tax, whose rate corresponds to 12% of the gross sales of the commodity. In a technical note to which the Value had access, the Undersecretariat of Economic Monitoring and Regulation of the Secretariat of Economic Reforms of the paste says that the geopolitical risks that motivated the incidence of the tax still remain on the market. …
The Brazilian Institute of Petroleum, Gas and Biofuels (IBP) has asked the government not to extend the 12% export tax on crude oil. The request was sent this Friday (August 21, 2026) to the Minister of Development, Industry and Trade, Márcio Fernando Eiras Rosa. The full text is available here (PDF - 150 kB). The tax rate was established by Gecex Resolution No. 938/2026 and is scheduled to be in effect for 60 days. According to the IBP, the mea…
The IBP (Instituto Brasileiro de Petróleo, Gas e Biocombustibles) requested that the federal government not extend the rate of 12% of the export tax incident on crude oil. In a letter sent on Friday (21) to the Minister of Development, Industry, Trade and Services, Márcio Elias Rosa, the institute maintains that the measure did not extend the supply of the product to the internal market, due to the limited capacity of internal refining, besides …
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