Business UpdateJun 2, 2026, 08:17 AM
Petrobras Adheres to R$1.12/Liter Diesel Subvention
AI Summary
Petrobras' Board of Directors approved the company's adherence to a new economic subvention for road-use diesel oil in Brazil, amounting to R$ 1.12 per liter. This measure, established by Provisional Measure 1,363, aims to stabilize fuel prices and supply amidst the Middle East conflict. The company views this optional program as compatible with its interests, preserving its commercial strategy and flexibility. Adherence to MP 1,363 discontinues previous subventions under MPs 1,340 and 1,349, but does not affect already owed amounts, and is complementary to MP 1,358.
Key Highlights
- Petrobras adheres to new R$ 1.12/liter economic subvention for road-use diesel oil.
- The subvention, under Provisional Measure 1,363, is active from June 1 to December 31, 2026.
- Program aims to stabilize fuel price and supply due to armed conflict in the Middle East.
- Adherence discontinues qualification processes for previous subventions under MPs 1,340 and 1,349.
- Rights to receive economic subventions already owed under MPs 1,340 or 1,349 are unaffected.
- The new subvention is complementary to MP 1,358, which provides R$ 0.35/liter from June 1 to July 31.
- Petrobras maintains its commercial strategy, preserving flexibility and profitability.
Price Impact
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