The Federal Revenue Service published today (9) a normative instruction zeroing PIS/Pasep and Cofins rates on 13-kilogram (kg) cooking gas cylinders for domestic use.
The measure focuses on imports and revenue from the sale of the product.
The rates of Contribution to PIS/Pasep-Import and Cofins-Import levied on liquefied petroleum gas (LPG) are reduced to zero, which will be, after the operation, packaged in containers of up to 13 kg and intended for domestic use, says the norm.
The measure is adopted amid soaring oil prices due to the conflict between Russia and Ukraine.
Russia is the world’s largest exporter of oil and oil products combined, with exports of around 7 million barrels a day, or 7% of global supply.
On Monday (7), prices hit the highest levels since 2008. Brent crude rose $5.1, or 4.3%, to close at $123.21 a barrel, and the US ( WTI) advanced $3.72, or 3.2%, to end the day at $119.40 a barrel.
During the session, benchmarks (benchmarks) hit their highest level since July 2008, with Brent reaching $139.13 a barrel and WTI at $130.5.
A survey by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) shows that cooking gas exceeded R$ 100 in all regions of the country, ranging from R$ 109.40 to R$ 140.
Source: CNN Brasil
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