States raise diesel ICMS for the second time after exemption from federal taxes – 04/01/2021 – Market

For the second time after the exemption from federal taxes on the price of diesel oil, states will raise as of this Thursday (1) the reference price for the collection of ICMS on fuel. This time, the increase will occur in 19 states and the Federal District.

The increase occurs at a time when prices are falling in refineries. According to state governments, it reflects the increase in the average price in pumps compared to the first half of March.

As it is charged at refineries, the ICMS for fuels is calculated on a reference price known as PMPF (weighted average price to the final consumer). This amount is subject to rates ranging from 12% to 25%, depending on the state.

According to the consultant Dietmar Schupp, the average high of the reference price will be 3.1%, both for the S-500 diesel, sold on the roads, and for the S-10, with lower sulfur content and mandatory in the centers. urban areas.

There will also be an increase in reference prices for the calculation of ICMS on gasoline (6.1%, on average) and bottled gas (3.1%), which also benefited from exemption from federal taxes.

In the case of the S-500 diesel, only Bahia, Maranhão, Rondônia, Roraima and Santa Catarina decided not to readjust the reference price for the next fortnight. Amapá and Espírito Santo, on the other hand, will reduce the amount by 2.8% and 0.2%, respectively.

The PMPF is changed twice a month and published in a resolution by Confaz (National Council for Farm Policy). The states claim that they only follow changes in pump prices, based on biweekly surveys.

“The value of the final price to the consumer, which is the basis for calculating the ICMS, has no relation to the will of the states”, says Comsefaz (National Committee of Secretaries of Finance).

“Fuel prices have risen significantly because of the change in Petrobras’ pricing policy in 2018, which started to align with the price of oil in the international market, which has been rising, and is still extreme with the current exchange rate condition. . ”

The committee stresses that there were no changes in the ICMS rates, but the variation in the reference price presses the price at the pumps, since the consumer starts to pay more cents per liter of tax.

Last week, according to the ANP (National Agency of Petroleum, Gas and Biofuels), the liter of S-500 diesel was sold, on average in the country, to R $ 4.269, a 0.1% drop compared to the previous week.

It was the first reduction in the year, already reflecting, albeit partially, the exemption from federal taxes in force since the first day of March and a 3.8% cut announced by Petrobras a week ago.

The price of gasoline, which was also reduced in refineries, by 4%. In pumps, there was a fall of 0.7%, for an average price of R $ 5.551 per liter. As of this Thursday, prices are again pressured by the high PMPF in 20 states and the Federal District.

In the case of ordinary gasoline, only Bahia, Maranhão, Paraná, Rondônia and Roraima decided not to raise the reference price for the collection of the tax.

The price of cooking gas was practically stable in relation to the previous week, after a small drop caused by the transfer of the exemption from federal taxes. According to the ANP, the 13 kilogram canister was sold last week for R $ 83.25, on average,

In February, President Jair Bolsonaro (without a party) presented a bill to Congress to change the model of charging the ICMS on fuels, in an attempt to eliminate this pressure effect in times of high.

The idea is that the tax will be calculated in reais per liter and no longer as a percentage of the final price. The measure, defended by the fuel sector, would prevent the tax from rising even further in times of price escalation.

States are resistant to change and say the issue should be discussed in the context of tax reform. In this terla (30), the government decided to remove the urgency of the processing of the bill.

In the morning, the states meeting in Comsefaz had sent a letter to the president of the Chamber of Deputies, Arthur Lira (PP-AL) asking for the withdrawal of the project from the agenda, alleging that the change has an impact on state finances and on the increase in the tax burden.

The main criticism is about the proposal to unify the rates in the states, the result of which, according to the text, “is, without fail, to cause an increase in the tax burden for part of the country and, consequently, to pressure the increase in retail prices”.

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