Brazil has extended its 12% crude oil export tax through 31 December 2026 to help maintain domestic fuel supplies and support consumer fuel subsidies amid global market uncertainty.
Brazil will keep its 12% tax on crude oil exports until 31 December 2026.
The Executive Committee of the Foreign Trade Chamber, known as Gecex, approved the extension at its meeting on 5 November 2026. The government announced the decision the following day.
The Ministry of Finance requested the extension. It said conditions abroad remain unstable and that the country must keep supplies of diesel and other oil products steady at home.
The government introduced the fuel tax in March to help pay for fuel subsidies. Those subsidies protect consumers from higher global oil prices caused by the conflict between Iran and the US.
Resolution Gecex No. 977/2026 makes the change official and takes effect on 7 November 2026. It applies to crude petroleum and oils obtained from bituminous minerals, classified under NCM 2709. Gecex had already approved a 60-day extension in August, starting 8 September 2026, and kept the rate at 12%.
