But after all, is the tax on petroleum products (ISP) the same as in other months or is it increasing?
As we’ve been following, fuel prices are going down. However, despite the measures taken to mitigate the hike in fuel prices, which remained in effect for the month of December, the tax burden increased again.
ISP: Reduction in tax burden, since December 5
Tax on petroleum products (ISP) is one of the production taxes provided by law. It is applied to gasoline and diesel, but also to other products, oil and energy, hydrocarbons and electricity.
According to information from the government, the mechanism applicable to the ISP remains equivalent to reducing the value-added tax rate from 23% to 13% and the compensation mechanism by ISP reduction for additional VAT revenue generated by changes in fuel prices. effective.
Taking into account the evolution of diesel and petrol prices, These temporary measures lower the ISP discount by 3.9 cents per liter of diesel and 2.4 cents per liter of petrol.🇧🇷 This keeps a discount of 17.1 cents per liter on ISP for diesel and 15.4 cents per liter on ISP for petrol.
However, Considering all the measures in place, the reduction in the tax burden, since December 5, has been 27.3 cents per liter of diesel and 24.7 cents per liter of petrol.🇧🇷
The carbon tax will remain suspended until the end of the year.
It must be remembered that prior to the increase in ISP, diesel prices had been falling for seven consecutive weeks and petrol prices for a month.
next week The drop in diesel can be as low as 10 cents per liter, and in the case of petrol the drop should be around 7 cents per liter.
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