Petrobras announced a change to its April fuel supply approach, opting to provide an extra 70 million liters of S10 diesel and 95 million liters of gasoline directly to distributors under existing contracts, bypassing the auction process that had been used previously.
The decision follows the regulator ANP’s directive to release additional volumes and addresses the premium of up to 2.00 reais per liter that had been observed in auction prices, which had raised concerns about domestic fuel price stability ahead of the 2026 presidential election.
By moving to a contract‑based allocation, Petrobras aims to tighten control over pricing, reduce volatility, and ensure a smoother supply chain for the month of April, when imports are expected to decline and global oil prices are rising due to geopolitical tensions.
The shift is part of a broader strategy to maintain domestic fuel price stability, support distributors, and respond to market pressures, while also aligning with the company’s ongoing discussions on a potential partnership with Mexico’s PEMEX and its scheduled annual general meeting on April 16.
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