Tag: oil tax

• Tuesday, March 2nd 2021 - 09:54 UTC

  Bolsonaro promises to sign on Tuesday a decree suspending a tax on diesel to prevent a truckers strike

  

  Brazilian President Jair Bolsonaro said on Tuesday he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost revenue.

• Monday, January 25th 2016 - 10:36 UTC

  Oil price plunge distorts Brazilian market and leaves Rio cash strapped

  

  Brazil's President Dilma Rousseff approved a resolution to maintain the current system for establishing the minimum price of oil on which royalty payments are paid by state-run oil company Petrobras to local governments.