The IBP (Brazilian Institute of Oil and Gas), active for more than 60 years as a representative of the oil and gas sector, defends free market and wide competition. When it comes to the fuel segment, the Institute reinforces the need for free training and price negotiation between agents as a fundamental condition to promote competitiveness, attract investments and, consequently, ensure the supply of the whole country in a sustainable way.
Thus, based on factors such as mandates, distribution margins, resale and federal and state taxes, the IBP is in favor of the adoption of the single-phase incidence of ICMS for fuels and advocates a market that is open, competitive, dynamic, ethical, with legal certainty and regulatory predictability.
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