Brazil to appeal court ruling suspending oil export tax, says minister

ReutersApr 9, 2026 1:24 PM

RIO DE JANEIRO, April 9 (Reuters) - Brazil's government will appeal a court ruling that suspended an oil export tax for some companies, Mines and Energy Minister Alexandre Silveira told Reuters on Thursday.

Earlier this week, a court decision said a 12% tax enacted about a month ago, as oil prices spiked due to the U.S.-Israeli war on Iran, might be unconstitutional. A definitive ruling is still pending.

The court exempted TotalEnergies TTEF.PA, Repsol Sinopec REP.MC, Galp’s Petrogal, Shell SHEL.L and Equinor EQNR.OL from a tax on crude oil exports. Brazil’s state‑run oil firm Petrobras PETR3.SA, the country’s largest oil exporter, is not affected by the ruling.

“Naturally, we will appeal this decision,” Silveira said.

The 12% levy was imposed by President Luiz Inácio Lula da Silva’s government as part of a package aimed at cushioning the impact on Brazilian consumers of a sharp rise in international oil and fuel prices triggered by the war in the Middle East.

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