Rio fuel ICMS revenue surges 87% on anti-evasion drive

ICMS collection from fuels in Rio de Janeiro rose 87.2% year-on-year (May–Aug), from R$1.57bn to R$2.94bn, following intensified anti-tax-evasion measures. Acting Governor Ricardo Couto met fuel companies to discuss sector agendas, signaling a policy shift toward stricter oversight. The revenue jump is significant for state finances but its sustainability and impact on fuel prices remain uncertain.