Petrobras Joins Brazil’s R$1-Per-Liter Diesel Subsidy
Petrobras has approved participation in Brazil’s new diesel subsidy program under Provisional Measure No. 1,391, providing R$1.00 per liter for 30 days (potentially extended) and stacking with the existing R$1.12 per liter under Provisional Measure No. 1,363, with regulations needed for implementation and a commitment to avoid immediate price pass-through of volatility. The company’s subsidies from government fuel-support measures now total about R$9.9 billion across diesel, gasoline and LPG, including a recent R$448 million gasoline subsidy payment, as Petrobras balances market strategy with policy-driven support to cushion domestic fuel costs.
Business · 7 sources · Sep 21, 2026Read it
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About Petrobras
Petróleo Brasileiro S.A., better known by and trading as the portmanteau Petrobras, is a Brazilian majority state-owned multinational corporation in the petroleum industry, which is headquartered in Rio de Janeiro. The company's name translates to Brazilian Petroleum Corporation.
Everything about Petrobras →- Country
- Brazil
- Headquarters
- Rio de Janeiro
- Inception
- October 3, 1953
- Website
- https://www.petrobras.com.br, https://www.petrobrasdistribucion.cl/, http://petrobraschile.cl/