Government of Minas announces tax reduction on ethanol – Economy

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It hopes to improve the competitiveness of biofuel in the state and increase the generation of jobs with the reduction of the tax (photo: Leandro Couri/EM/DA Press)

Governor Romeu Zema (Novo) announced on social media this Monday (08/1) the reduction of the ICMS tax on ethanol in the state.

According to a post on Twitter, “the value of the tax on alcohol in Minas will be reduced by R$ 0.46”.

With the measure, the governor hopes to improve the competitiveness of biofuel in the state and increase the generation of jobs.

Last Thursday (07/28), Petrobras announced that the price of gasoline passed on to distributors will drop by R$ 0.15 per liter. The measure is valid since Friday (29/07).

The value went from R$ 3.86 to R$ 3.71, according to a statement issued by the company. The Finance Secretary, Gustavo Barbosa, recalls that the Weighted Average Price to the Final Consumer (PMPF), used as a basis for calculating the ICMS on fuel, has been frozen since November 2021, on the initiative of the States and the Federal District, as a way of mitigating the impact of the amounts charged to end consumers in view of the constant increases promoted by Petrobras.

About Yadunandan Singh

Born in 1992, Yadunandan approaches the world of video games thanks to two sacred monsters like Diablo and above all Sonic, strictly in the Sega Saturn version. Ranging between consoles and PCs, he is particularly fond of platform titles and RPGs, not disdaining all other genres and moving in the constant search for the perfect balance between narration and interactivity.

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