The government published last Thursday (31) in the Official Gazette of the Union, Provisional Measure No. 838 establishing the economic subsidy program for commercialization of diesel oil. The purpose of MP reduce the price of fuel at refineries by 46 cents per liter.
According to information from Agência Brasil, the government will subsidize 30 cents, earmarking R $ 9.5 billion, which will be passed on directly to diesel producers and importers. The program that started last Thursday will be valid until the end of the year.
For the next 60 days, the fixed price of diesel oil at refineries will be a maximum of R $ 2.03 per liter. Considering that the market price may be higher, the government will cover this gap by paying up to 30 cents per liter of diesel to businesses.
The producer or importer that wants to participate in the program must qualify with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) and to commit to authorizing the Federal Revenue to transfer to the ANP the tax data necessary for the calculation of the subsidy. After the first 60 days, when the price sold by the refineries to the distributors will be set at up to R $ 2.03, a new fixed price fixed price will be defined.
This text was translated by machine from Brazilian Portuguese.