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Brazil's Finance Ministry announces gasoline, diesel tax hike.
Brazil's Finance Ministry announced on 08 Jun 2009 that the Cide fuel tax on gasoline will rise to R$ 0.23 from R$ 0.18/lt at the fuel station. In the case of diesel oil the Cide tax will rise to R$ 0.07 from R$ 0.03/lt. In this manner, as 2008, the gasoline price readjustment by Petrobras and corresponding increase to Cide means the price of the fuel acquired by the distributors should remain …
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