The president of Brazil, Jair Bolsonaro, announced that the government will eliminate federal taxes on diesel for two months, in order to seek the tax exemption indefinitely, and will abolish tax rates on gas permanently.
This was indicated by the president during a meeting on the social network Facebook with the Executive’s economic team. Bolsonaro pointed out that the measures will take effect from March 1st.
The president explained that during the two months in which it removes the diesel tax, the Government will study a definitive way to set this indicator to zero. This measure, according to the president, will serve to offset the “excessive” increase in diesel and gasoline prices established by Petrobras, the Brazilian state oil company.
Bolsonaro warned that even though he cannot interfere with the autonomy of the oil company, it should undergo some changes in order not to carry out abusive price increases on fuels, although he did not disclose further details.
“I cannot interfere in Petrobras, but something is going to happen in Petrobras in the next few days. Something must change,” the president said.