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Reuters

Business

Brazil govt to resume fuel taxes -ministry

Brazil Finance Finance Ministry Fernando Haddad Federal Taxes

FILE PHOTO: Cars line up at a gas station following the announcement of increased fuel prices at the Brazilian oil company Petrobras, in Rio de Janeiro, Brazil March 11, 2022. REUTERS/Pilar Olivares

The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

According to the ministry, the tax revenues from fuels will be 100% recovered with the end of the waiver. The rate on fossil fuels will be higher than biofuels, as before the exemption.

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