RIO DE JANEIRO, BRAZIL - The president considered the readjustment announced by Petrobras yesterday as "out of bounds" and "excessive".
After a new readjustment by Petrobras, President Jair Bolsonaro announced on Thursday, March 18th, that as of March 1st there will be no federal tax levied on the price of diesel oil. Bolsonaro considered the readjustment announced by Petrobras yesterday as "out of bounds" and "excessive". He stressed that he could not interfere in the state-owned company, but emphasized that "there will be consequences."
The federal taxes on diesel are the PIS, Cofins and Cide. On Thursday, Petrobras announced its . . .
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