Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Reuters: Brazil weighing gasoline tax hike

Published 07/19/2017, 04:10 PM
Updated 07/19/2017, 04:10 PM
© Reuters.  Reuters: Brazil weighing gasoline tax hike
  • Brazil's government may announce a tax increase on gasoline to help meet this year's budget target amid the country's slow economic recovery, Reuters reports.
  • Finance Ministry officials are weighing the impact of the potential measure before an official announcement tomorrow, according to the report, which cites a government source.
  • The thinking is that gasoline tax increases would have little inflationary impact after successive price cuts by state-controlled oil company Petrobras (PBR +1.9%), and would help ethanol producers become more competitive after years of heavy losses in the biofuel industry.
  • ETFs: EWZ, BRF, BRZU, BZQ, EWZS, BRAQ, UBR, BRAZ, DBBR, FBZ
  • Now read: The Brazilian Economic Turnaround Offers Positive Currency Risks


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.