Brazil's Petrobras board approves joining diesel subsidy program
The program offsets a matching 1 real-per-litre price rise and keeps Petrobras’ diesel prices to distributors unchanged.
- On Friday, September 18, 2026, the board of Petroleo Brasileiro Petrobras approved joining a new federal diesel subsidy worth R$1 per liter, disclosing the decision on Saturday.
- This subsidy mechanism neutralizes a matching price increase Petrobras recently applied to distributors, aiming to cushion the effects of high global oil prices on the Brazilian market.
- Valid for 30 days, the new subsidy is cumulative with an existing R$1.12 per liter support payment, bringing total relief to R$2.12 per liter.
- Petrobras confirmed that its prices to distributors remain unchanged as the government finances the matching discount, allowing the company to benefit from the subsidy.
- Separately, distributor Vibra Energia signed a R$1.28 billion ethanol supply contract with Inpasa Agroindustrial to meet regulatory obligations under ANP Resolution 946/2023.
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State also received R$ 448 million related to the subsidy of gasoline and accumulated R$ 9.9 billion received in government programs.
Brazil's Petrobras board approves joining diesel subsidy program
Petrobras' board of directors approved in a meeting held on Friday (18) that the company adheres to the new economic subsidy to producers and importers of diesel oil, instituted by Provisional Measure No. 1,391, of September 11, 2026. The discount financed by the federal government is valid for 30 days extendable for 30 more. Material exclusive to subscribers. To have full access, access the link of the subject and make your registration.
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Brazil’s Petrobras board approves joining diesel subsidy program
SAO PAULO, Sept 19 (Reuters) - Brazilian state-run oil firm Petrobras said on Saturday that its board approved the company's participation in a new government subsidy program for diesel oil producers, worth 1.00 real ($0.19) per liter for 30 days.
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