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Finance Ministry argues for extending Export Tax on oil by two months

The Ministry of Finance defended the extension for 60 days of the Export Tax on crude oil, created by the government to mitigate the effects of the war in the Middle East on the domestic market and cover the costs of subsidies for gasoline and diesel. In a letter to the Ministry of Development, Industry, Trade and Services, Executive Secretary Rogério Ceron justified the measure due to the volatility of the international scenario and uncertainties in oil supply. The tax, with a rate of 12%, was scheduled to be in effect until September 9, and the issue will be analyzed again.

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