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Free AccessGovernors Extend ICMS Freeze On Fuels For 60 Days
Governors Extend ICMS Freeze On Fuels For 60 Days (FOLHA)
- Governors decided to extend the freeze on ICMS (Tax on the circulation of goods and services) for 60 days – which was previously due to end on Jan 31.
- In a note, they also ask President Bolsonaro’s government to change the policy of international parity in fuel prices, practiced by Petrobras.
- The note attributes the need for an extension to “the end of the observation of the consensus and the concomitant updating of the basis for calculating fuel prices, currently based on the international value of a barrel of oil”.
- It also says that this decision will be taken “until structural solutions for stabilizing the prices of these inputs are established. (Folha, Translated)
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.