Brazil extends 12% oil export tax through end of 2026

Brazil has extended its 12% export tax on crude oil through December 31, 2026, keeping the measure in place as the government seeks to protect domestic fuel supplies amid continued instability in the Middle East.

The Executive Management Committee of Brazil’s Foreign Trade Chamber, known as Gecex-Camex, approved the extension at its November 5 meeting. The decision was formalized under Resolution Gecex No. 977/2026, which takes effect on November 7.

The levy applies to crude petroleum oils and oils obtained from bituminous minerals classified under NCM 2709.

Brazil oil export tax remains at 12%

Brazil introduced the 12% crude oil export tax in March as geopolitical conflict in the Middle East disrupted energy markets. The government has since extended the measure as uncertainty over fuel supplies persisted.

The latest extension was requested by the Finance Ministry, which cited the continued adverse international environment and the need to maintain normal domestic supplies of petroleum products, particularly diesel.

The measure keeps the Brazil oil export tax in place through the end of the year rather than allowing the current levy to expire.

In August, Gecex had already approved a 60-day extension beginning September 8, also maintaining the rate at 12%.

For crude exporters, the November decision means the additional tax will continue to apply to eligible shipments through December 31.

Gecex advances other trade measures

At the same meeting, Gecex also approved tariff reductions for medicines and maintained an antidumping duty on Brazilian imports of titanium dioxide originating in China.

The committee also moved forward with Brazil’s reciprocity process involving the United States by creating a working group to assess potential measures.

Any measures proposed by the group would still need to undergo public consultation and receive approval from Camex’s Strategic Council before they could be implemented.

The crude oil decision, meanwhile, is already formalized: Resolution 977 extends the 12% tax through the final day of 2026, maintaining a trade-policy measure the government says is intended to support domestic fuel availability during a period of continued geopolitical uncertainty.

Source: MDIC

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