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

· 02/05/2021 06:47
Brazil govt in talks with states to reduce tax on fuel -report

- 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 PETR4.SA (Petrobras) to discuss diesel prices, though added he would not interfere with its pricing policy. nL1N2KB04O


(Reporting by Tatiana Bautzer; editing by Jason Neely)

((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob: +55-119-4210-4173; Reuters Messaging: tatiana.bautzer.thomsonreuters.com@reuters.net))