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Tax law

Confaz publishes new table with fuel prices

11/07/2012

This article was translated by an automatic translation system, and was therefore not reviewed by people.



 


Brasília - The National Council of Policy (Confaz) today published in the Official Gazette table with the new fuel prices, which should be adopted as a reference from July 16 in the Federal District, Amazonas, Alagoas, Goias, in Paraiba, Piaui and Rio de Janeiro.

The parameter values are used to collect the Tax on Circulation of Goods and Services (ICMS) held by Petrobras at the time of sale of fuel to gas stations. But at the same time influence the price to consumers.

The lawyer Mary Elbe Queiroz, who specializes in tax law, said the Confaz makes table setting periodically and is based on studies that take into account the costs and the market reality of each unit of the Federation. "He [Confaz] see the average price of fuel being sold in that state and provides a benchmark for calculating the application of the tax."

The lawyer points out, however, that the gas stations are free to charge the amount they want and that Confaz calculations do not constitute price-fixing. "Of course, the tax will be charged affects the final price, but does not mean it is tabled."

According to the new table Confaz, the Weighted Average Price of the Final Consumer gasoline becomes R$ 2.73 in Alagoas, R$ 2.93 on Amazonas, R$ 2.85 in the Federal District, R$ 2,79 in Goias, R$ 2.65 in Paraíba, Piauí R$ 2.60 and R$ 2.91 in Rio de Janeiro.

According to the table published by the National Petroleum Agency (ANP), the first week of July, the cost of gasoline in those states of the Federation was, respectively, R$ 2.71, R$ 2.87,  R$ 2.84,  R$ 2.67,  R$ 2.66, R$ 2.52 and  R$ 2.81.

Besides gasoline, the table brings Confaz benchmarks for collecting the GST on the price of diesel, liquefied petroleum gas, aviation kerosene, ethanol, natural gas (CNG) and natural gas industry.



Source: Agency Brazil

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