The president of Comsefaz (National Committee of Finance Secretaries), Décio Padilha, defended the creation of a fuel price stabilization account, with resources from dividends paid by Petrobras, as an “immediate solution” to the rise in prices in the sector.
After a meeting with Senate President Rodrigo Pacheco (PSD-MG), Padilha argued that the states had already made their “sacrificial quota” by freezing the ICMS tax rate on fuel, which resulted in a waiver of R$37 billion in collection this year.
He pointed out that, from November to April, the states failed to tax more than R$ 16 billion. “If there is an increase in ICMS collection, it is for fuel consumption, not values, since the value is frozen. And ICMS is frozen, how fuels continue to increase?”, he said. “Saying that states do not make sacrifices and disregarding the weight of ICMS on tax collection”.
Padilha said that there will be a meeting with governors and, at the end of June, with Confaz (National Council for Finance Policy), to decide whether to maintain the ICMS freeze on gasoline, ethanol and LPG, which is valid until the end of that month. “It will be debated whether to maintain a freeze or fix a single ICMS rate,” he added.
The president of Comsefaz also stated that it is necessary to discuss Petrobras’ pricing policy at the moment as the world is currently experiencing. “Can’t price policy be suspended in a time of war?”, he asked.
He refuted the idea that states can contribute more to solving the issue of fuel prices and stressed that the state company needs to make investments in refineries. “If Petrobras was unable to sell refineries, it has to invest in them,” he added.