Brazilian government published on Wednesday (30) the list of credentials for the acquirement of diesel oil subsidy in 2021. The estimated value of the subsidy in the Annual Budget Bill 2021 (PLOA 2021) is R$ 1.3 million. More than 1,300 vessels, which include professional fishermen, owners and industries, have been benefited by the subsidy. They are linked to representative entities located in 11 Brazilian states: Pará, Piauí, Ceará, Rio Grande do Norte, Alagoas, Sergipe, Espírito Santo, Rio de Janeiro, São Paulo, Santa Catarina and Rio Grande do Sul. The Ministry of Agriculture says that the Subsidy Program for the Price of Diesel Oil is a federal partnership with federal states created in 1997, in which the federal government provides for the payment of financial assistance of up to 25% related to the difference between the price of domestic diesel oil and the price of international diesel oil, and the states promote the full exemption from the Tax on Circulation of Goods (ICMS) when purchasing diesel oil from fuel suppliers.
Source: Dinheiro Rural Magazine
*Translated by Ia Niani