Confaz updates fuel price table, adjusting ICMS calculation base in states from November 16.
The National Fiscal Policy Council (Confaz) has officially released the new table containing updated values for the Weighted Average Price to the Final Consumer (PMPF) for various fuel types across the country.
This measure, published in the Official Gazette of the Union (DOU), will serve as a direct benchmark for the collection of the Tax on Circulation of Goods and Services (ICMS) in the states and the Federal District.
The new reference estimates will take effect from November 16, guiding state taxation on the energy production and distribution chain.
Understanding the link to station prices
It is important to note that the indices set by Confaz do not compulsorily determine the amounts paid by drivers at the pump. The PMPF serves solely as an estimate and fiscal calculation base for local governments.
The actual price charged to the final consumer fluctuates based on free competition, distributor operating costs, freight, and each reseller’s profit margins.
“The disclosed values serve as a fiscal reference for tax calculation, while the final pump price remains subject to free competition and costs set by each establishment.”
Fuels affected by the update
The revision covers essential inputs for mobility and the productive sector. Among the listed derivatives are hydrated ethanol, vehicle natural gas (GNV), and aviation kerosene.
The table also includes industrial natural gas and fuel oil. Consolidated data from the Union were transmitted individually by the fiscal secretariats of the federation’s units.
Market impact and next steps
The periodic update of the table aims to reflect the market variations observed in each state, ensuring greater efficiency in tax collection without freezing free sale prices.
With the deadline for the 16th of November approaching, economic agents and fuel stations are making the necessary tax adjustments to comply with the new state parameters.