Business · Energy & Commodities · 40 mins ago
Petrobras says it has received R$16 billion in fuel price subsidies
Petrobras says it has received R$16 billion through a federal program to subsidize fuel prices.
The program covers diesel, gasoline and cooking gas in Brazil.
The latest payments relate to fuel sold from July 1 to 15 and include R$2.3 billion for diesel and R$467.7 million for gasoline.
The subsidies are intended to ease the impact of rising oil prices, which have followed the war between the United States and Iran that began earlier this year.
President Luiz Inácio Lula da Silva has sought to limit the effect of higher fuel prices ahead of Brazil’s presidential election.
Petrobras has also approved joining a separate diesel subsidy program, offering producers R$1 per litre for 30 days, with a possible extension.
The company has not said in the provided information whether that separate program will be extended.
Petrobras says it has received R$16 billion under a federal program to subsidize diesel, gasoline and cooking-gas prices.
The total includes payments received on October 13 for fuel sold from July 1 to 15.
The latest payments include R$467.7 million for gasoline and R$2.3 billion for diesel.
President Luiz Inácio Lula da Silva has sought to limit the effects of higher oil prices ahead of presidential elections.
In September, Petrobras approved joining a separate diesel subsidy program for producers, offering 1 real per litre for 30 days, with a possible extension.
- Who
- Petrobras.
- What
- The company said it had received R$16 billion in fuel-price subsidies from a federal program.
- When
- October 13, 2026.
- Where
- Brazil.
- Why
- The federal program subsidizes diesel, gasoline and cooking-gas prices.
This story does not have two clearly opposing sides.
The war between the United States and Iran began, according to the articles.
The fuel sales period covered by the latest subsidy payments.
Petrobras said its board had approved joining a diesel subsidy program for producers.
Petrobras announced that it had received R$16 billion in subsidies.
- Total received
- R$16 billion
- Latest gasoline payment
- R$467.7 million
- Latest diesel payment
- R$2.3 billion
- Latest payment sales period
- July 1–15
- Separate diesel subsidy
- 1 real per litre for 30 days, with a possible extension
3 sources
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