Parliament voted unanimously to extend the discount on the tax on petroleum and energy products (Imposto sobre Produtos Petrolíferos or ISP) through December 31. The temporary relief mechanism offsets value-added tax revenues when retail fuel prices rise more than ten cents above the March 2022 baseline. The measure applies retroactively from June 30 after lawmakers rejected wider tax-cut proposals from opposition parties.
Parliament Extends Fuel Tax Discount Through End of Year
Friday, 9 October 2026AI summary
