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.

Posted by Gabriel Malheiros