ICMS on gasoline, diesel and cooking gas will rise in 2027; see values

The National Council for Financial Policy (Confaz) approved a new increase in the Tax on the Circulation of Goods and Services (ICMS) on fuels. The new values come into force on February 1, 2027.

Two agreements were published that update the value of the tax on gasoline, diesel and cooking gas. See the rates below:

gasoline: increase of 4.5%, from R$1.57 to R$1.64 per liter;

diesel: increase of 11.1%, from R$1.17 to R$1.30 per liter;

cooking gas (LPG): increase of 4.8%, from R$1.47 to R$1.54 per kilo.

This was the third consecutive year of an increase in ICMS on fuels. In January this year there was also a tax increase.

The values ​​are updated annually and consider the average monthly fuel prices published by the National Petroleum, Natural Gas and Biofuels Agency (ANP).

For this adjustment, prices recorded between February and September 2026 were compared with those from the same period in 2025.

According to the statement, the states are also evaluating the possibility of bringing forward a possible new update to the ICMS on diesel, given the volatility of international prices for petroleum derivatives.