Relief with ICMS ceiling is too small, says expert

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In an interview with CNN this Saturday (28), the professor at the Institute of Energy and Environment at USP Virgínia Parente spoke about the bill approved by the Chamber of Deputies that sets a ceiling for the ICMS charged on products and services considered essential.

The expert assessed that the ICMS ceiling brings “very small” relief to the rise in fuel prices. The professor explains that, even with a ceiling, the base price, that of oil, continues to rise due to other factors.

“If we have currency devaluation, scarce oil and countries willing to pay more for the commodity, it is impossible for the base not to push prices up”.

The text approved by the Chamber establishes that goods and services related to fuel, electricity, communications, natural gas and public transport are considered essential, preventing the application of tax rates equal to those of products listed as superfluous.

The objective of the project is to alleviate the price of services that have been suffering from inflation for months and, thus, are passed on to the final consumer, such as fuel and electricity.

According to the expert, Brazil should think of other alternatives for the fuel problem. “It is necessary to work on expanding the country’s energy security, this prior planning is necessary,” she said.

Parente says that it is up to the government to carry out this planning. “It is not Petrobras that needs to do it, it is there to offer oil and refine it”.

See more in the video above.

Source: CNN Brasil

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