Brazil’s government will appeal \u200ba court ruling that suspended an oil \u200cexport tax for some companies, Mines and Energy Minister Alexandre Silveira told Reuters on March 9th.<\/p>\n
Earlier \u200bthis week, a court decision said \u200ba 12% tax enacted about a \u2060month ago, as oil prices spiked \u200bdue to the U.S.-Israeli war on Iran, \u200bmight be unconstitutional. A definitive ruling is still pending.<\/p>\n
The court exempted TotalEnergies, Repsol Sinopec, Galp\u2019s Petrogal, \u200bShell, and Equinor from a tax \u200bon crude oil exports. Brazil\u2019s state\u2011run oil firm Petrobras, \u200cthe \u2060country\u2019s largest oil exporter, is not affected by the ruling.<\/p>\n
\u201cNaturally, we will appeal this decision,\u201d Silveira said.<\/p>\n
The 12% levy was \u200bimposed by \u200bPresident \u2060Luiz In\u00e1cio Lula da Silva\u2019s government as part of a package \u200baimed at cushioning the impact \u200bon \u2060Brazilian consumers of a sharp rise in international oil and fuel prices triggered by \u2060the \u200bwar in the Middle \u200bEast.<\/p>\n
Reporting by Rodrigo Viga Gaier for Reuters<\/strong><\/a><\/p>\n