GOVERNMENT CUTS TAX ON FUEL ETHANOL, MAINTAINS RECENT HIKE ON GASOLINE

摘要

The federal government has reduced the so-called PIS/Cofins tax on fuel ethanol, while maintaining recently increased taxation on gasoline and diesel, according to the official gazette. The move will lift ethanol prices by only BRL0.1218 per litre instead of BRL0.1964 (to a total BRL0.2418). That of gasoline will remain at BRL0.4109 to a total BRL0.7925.