2023-10-04 23:26:00
Fuel price panel at a gas station on the Pinheiros waterfront, in São Paulo FELIPE RAU/ESTADÃO CONTEÚDO-16/8/2023 The MP (provisional measure) that created the discount program for the purchase of new vehicles lost its validity on Tuesday ( 3), and, as a result, the federal taxes that were levied on diesel oil are reset to zero, which can lower the price of the fuel at the pump. In January, the federal government decided to maintain PIS (Social Integration Program) and Cofins (Contribution for Social Security Financing) taxation on diesel and liquefied petroleum gas (GLP), kitchen. See also Economy Diesel becomes R$ 0.02 more expensive with the return of another part of federal taxes Economy After an 18% increase, diesel is under pressure with the return of taxes, imports and the rise in oil Economy Petrobras analyzes fuel adjustments until the end of the year However, this total exemption was partially reversed, specifically on diesel, to compensate for the loss of revenue from the program to make popular cars, buses and trucks cheaper launched in June. When it was published, MP 1,175, which created the incentive program, once again taxed diesel at R$0.11 per liter to cover the discount of R$1.5 billion in taxes on new vehicles, including trucks, vans and cars. Still at the end of June, a new measure (MP 1,178) increased this increase by R$ 0.03, to a total of R$ 0.14 per liter, to cover another R$ 300 million in extra discounts on popular cars, whose Demand had been exceeded in the first weeks of the discount program. Read also Gasoline price drops for the fifth week; diesel and ethanol remain stable Oil price soars and increases pressure for readjustments at Petrobras Russian decision to ban diesel exports puts pressure on Petrobras for readjustments This increase in the diesel tax would occur from October onwards and would raise an extra R$200 million (the R$100 remaining million had already been paid for by the increase of R$ 0.11 on the liter of diesel). When contacted, the Federal Revenue Service confirmed the effects of the end of validity of MP 1,175, which caused MP 1,178 to also lose its purpose. “In principle, if there is no other legal change, the provisions of article 3 of Law 14,592, of 2023, which provided for the exemption of diesel and biodiesel until December 31, 2023, will again apply. If there are no legal changes Until then, from January 1, 2024, the rates for diesel and biodiesel will return to their normal values, namely: R$0.35/liter for diesel; and R$0.14/liter for biodiesel” , informed the agency. Program The vehicle purchase incentive program ended at the beginning of July, with the release of all resources available for light cars. According to the MDIC (Ministry of Development, Industry, Commerce and Services) balance sheet, 125 thousand cars were sold with discounts between R$2,000 and R$8,000, or 1.7% and 11.7%. For trucks, vans and buses, the program remained in force, with a validity period until November or until the tax credits were exhausted. It was planned to use R$700 million for the sale of trucks and R$300 million for vans and buses, whereas, by the middle of the year, R$100 million and R$140 million had been used, respectively. The government did not provide updated values for the use of discounts.
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