Tue, 19 May 2026
Hunch
Market09 Nov 2026

Will a Brazilian court suspend the oil export tax before 31 Dec?

BinaryResolves 31 Dec 2026
Hunch18%
Your forecast
  • Yes
  • No
Resolves 31 Dec 2026
Why these numbers

Hunch. An appeals court put the tax back on 1 September, citing the risk to the budget, and no court has stopped it since.

How this resolves

The court market resolves on the news pages of Brazil's courts, the federal appeals court in Brasília (TRF-1) and the Supreme Federal Court (STF): YES if by 31 December any Brazilian court, at any level, stops the collection of the tax on crude oil exports for all exporters or for members of the producers' group ABEP, even if the ruling is later reversed. It is NO if no such ruling comes, and g1 and Estadão are the backups.

The pattern behind it

7 of 10
In seven of ten temporary export taxes on raw materials since 2021, the government kept the tax going past its end date without a break. Three ended: Brazil's oil tax in 2023, India's onion tax and Russia's coal tax.

We looked for cases where a government put a temporary tax on exports of a raw material by its own decision, with an end date, and then had to decide whether to keep it. We found ten such end dates from 2021 to 2024, in Brazil, India and Russia. Six of them were in Russia. (g1; Business Standard (PTI); Government of Russia)