Brazil keeps 12% oil export tax, to review measure in 30 days
09/07/2026 16:50
Brazil keeps 12% oil export tax, to review measure in 30 days BRASILIA, July 9 (Reuters) - Brazil's government on Thursday approved the extension of a 12% tax on crude oil exports for another 60 days, a measure first introduced in March amid rising oil prices linked to the U.S.-Israeli war against Iran.
The decision was taken by Gecex, the executive management committee of Brazil's foreign trade chamber Camex, which said in a statement it would review the measure in 30 days.
(Reporting by Marcela Ayres)
((marcela.ayres@thomsonreuters.com; +55 11 5047-2444;))
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