BR100 Decreased By (-0.8%)
BR30 Decreased By (-1.01%)
KSE100 Decreased By (-0.6%)
KSE30 Decreased By (-0.64%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.15 Decreased By ▼ -0.06 (-1.15%)
BML 57.60 Increased By ▲ 0.10 (0.17%)
BOP 34.00 Decreased By ▼ -0.03 (-0.09%)
CNERGY 9.98 Increased By ▲ 0.02 (0.2%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.28 Decreased By ▼ -1.42 (-2.6%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.29 Decreased By ▼ -0.11 (-1.49%)
KOSM 5.79 Increased By ▲ 0.02 (0.35%)
LOTCHEM 29.18 Decreased By ▼ -0.14 (-0.48%)
MLCF 92.50 Decreased By ▼ -1.86 (-1.97%)
NBP 201.93 Decreased By ▼ -1.12 (-0.55%)
NCPL 56.83 Decreased By ▼ -0.17 (-0.3%)
NPL 67.20 Decreased By ▼ -0.50 (-0.74%)
OGDC 314.20 Decreased By ▼ -1.64 (-0.52%)
PACE 10.57 Decreased By ▼ -0.07 (-0.66%)
PAEL 42.25 Decreased By ▼ -0.95 (-2.2%)
PIBTL 16.46 Decreased By ▼ -0.28 (-1.67%)
PPL 216.00 Decreased By ▼ -3.78 (-1.72%)
PRL 51.10 Increased By ▲ 1.91 (3.88%)
PTC 70.00 Decreased By ▼ -0.53 (-0.75%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.74 Decreased By ▼ -0.12 (-1.22%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 18.40 Increased By ▲ 0.16 (0.88%)
TPLP 13.63 Increased By ▲ 0.36 (2.71%)
TREET 22.49 Decreased By ▼ -0.23 (-1.01%)
TRG 59.50 Decreased By ▼ -0.64 (-1.06%)
Markets

Brazil govt in talks with states to reduce tax on fuel: report

  • Citing sources, the paper said the federal government wants states to adopt a flat tax on fuel. Currently, states can change taxes on fuel frequently.
  • Brazilian President Jair Bolsonaro said he planned to meet on Friday with the CEO of state-controlled oil company Petroleo Brasileiro SA (Petrobras) to discuss diesel prices.
Published Updated
By

SAO PAULO: Brazil's federal government is in talks with states to reduce taxes on fuel, newspaper O Estado de S. Paulo reported on Friday.

Citing sources, the paper said the federal government wants states to adopt a flat tax on fuel. Currently, states can change taxes on fuel frequently.

The Economy Ministry and the presidential palace did not immediately comment on the matter.

Brazilian President Jair Bolsonaro said he planned to meet on Friday with the CEO of state-controlled oil company Petroleo Brasileiro SA (Petrobras) to discuss diesel prices, though added he would not interfere with its pricing policy.

Comments

Comments are closed for this article.