Government extends 12% tax on oil exports

Graduated in journalism from the State University of Bahia. Worked at newspapers JC Concursos, Folha de S.Paulo, and O Estado de S.Paulo. Was a reporter for the portals Datagro and Broto. Has been a reporter for Revista Oeste since March 2026.

Government extends 12% tax on oil exports

TL;DR

  • The 12% tax on crude oil and bituminous mineral exports has been extended until December 31st.
  • This measure began in March and has raised R$12.86 billion.
  • The tax revenue will be used to fund subsidies for diesel and gasoline.
  • The government previously zeroed PIS and Cofins on diesel and introduced subsidies for both diesel and gasoline.
  • The tax faced legal challenges but the suspension order lost effect.

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