State budgets were below projected in the State Budgets for 2017 and 2018.
Revenues from ISP and Road Service Contribution were below the forecast in the State Budgets for 2017 and 2018, for a total of 183 million euros, UTAO reports in a report that Lusa had access to.
In the report of the Technical Unit for Budget Support (UTAO) on fuel taxation, parliamentary experts indicate that aggregate revenues from the Tax on Petroleum Products and Energy (ISP), including addition on carbon dioxide emissions, and Road Service Contribution (CSR) collected by the
In 2017, the revenue collected from this tax was 53 million euros below the amount predicted in OE2017. In 2018, ISP revenue increased by 1.7% year-on-year (+ EUR58 million) year-on-year, although at 3.7% (-130 million euro) below the forecast in OE2018 ", Read in the report that Lusa had access.
In total, the Government failed to forecast fuel tax revenues at 183 million euros.
UTAO specifies that it is the revenue of ISPs and CSRs "from all petroleum and energy products subject to them", the list of which goes beyond fuels.
In the report 'Fuel taxation: an in-depth and up-to-date study by the end of 2018', parliamentary experts also point out that the weight of fuel taxes on the retail price fell by 5.6 percentage points (pp) in two years and between 2016 and the first half of 2018.
"Between 2016 and 2017, the burden of fuel taxation on the retail price fell by 4.3 pp in the case of simple petrol 95 and 2.9 pp in that of simple diesel", the report adds. in the first half of 2018, "compared with the same period of the previous year, there was also a decrease" of 1.3 pp for simple petrol 95 and 1.7 pp for simple gas oil.
In total, the tax burden on the retail price fell by 5.6 pp in the case of plain petrol 95 and 4.6 pp in the case of plain oil between 2016 and the end of the first half of 2018.
"This (reduction) result is essentially due to the base effect generated by the increase in the weight of the PST component [Preço Médio de Combustíveis Antes de Impostos] in the retail price, "explains UTAO.
Parliamentary experts specify that in 2016, the proportion of taxes (VAT, ISP and CSR) incorporated in the price of plain petrol 95 was 67.5% of the average retail price, which decreased to 63.2% in 2017 and 61.9% in the first half of 2018.
In relation to simple diesel, the proportion of taxes (VAT, ISP and CSR) was 59.1% of the average retail price, falling to 56.2% in 2017 and 54.5% in the first half of 2018.