The government has extended the 12% tax rate on oil exports for up to 60 days.

The federal government extended, this Thursday (9), for up to 60 days, the export tax on crude oil, maintaining the current rate of 12%. The information was taken at an extraordinary meeting of the Executive Management Committee of the Foreign Trade Chamber (Gecex-Camex) and reported by the Ministry of Development, Industry, Trade and Services (MDIC). According to the decision, the measure will be evaluated in 30 days, and may be reversed, depending on the evolution of the international scenario and the impacts on the oil and fuel market. "The decision was made in light of the recent change in external conditions, especially after the deterioration of the geopolitical environment in the Middle East," informed the MDIC.

This text was translated by machine from Brazilian Portuguese.