Senator Eduardo Braga believes that a new federal policy allowing oil refining in Manaus's Free Trade Zone, backed by tax incentives, could lead to lower gasoline prices in the region.
A new federal policy has been announced that regulates oil refining in the Free Trade Zone of Manaus and provides tax incentives for the Amazon Refinery (Ream). According to Senator Eduardo Braga of the Brazilian Democratic Movement, this initiative could significantly impact gasoline prices in Manaus, where fuel costs have recently risen to R$ 7.29. The regulatory framework requires the refining processes — including filtration, distillation, and storage — to be conducted locally, thereby reducing reliance on imported refined products.
During a visit to ExpoPIM 4.0, an event showcasing numerous companies in the Manaus Industrial Hub, Senator Braga expressed optimism that this measure could lead to price reductions at gas stations throughout the state. He highlighted the importance of local refining as a step towards greater economic stability and price control in the region's fuel market. The initiative is seen as a way to bolster the local economy by enhancing the operational capabilities of the Ream refinery and promoting domestic production of fuel.
As gas prices continue to be a pressing concern for residents of Manaus, the government's new approach not only aims to alleviate consumer costs but also emphasizes the importance of local industry. The implications of this policy could extend beyond mere price reductions; it may also foster a more sustainable energy model in the Amazon region and stimulate job creation in the refining sector, essential for the area's economic resilience.
