What is the new diesel price Petrobras is charging distributors, and by how much did it decrease?

Petrobras reduced its average diesel selling price to distributors to 3.30 reais per liter, a 9.6% decrease from the previous price of 3.65 reais per liter, effective June 1; the cut amounts to 0.3515 reais per liter and is linked to a federal subsidy program offsetting the reinstatement of PIS and Cofins fuel taxes.

Why did Petrobras cut diesel prices now, and what government measure is it tied to?

Petrobras cut diesel prices as part of a federal subsidy program designed to shield consumers from rising fuel costs triggered by the war in the Middle East; specifically, the reduction offsets the reinstatement of the PIS and Cofins fuel taxes, and it marks the company’s first diesel price cut since raising the price to 3.65 reais per liter in March.

Petrobras Cuts Diesel Prices Amid Federal Subsidy Plan

May 31, 2026

Petrobras reduces domestic diesel prices by 9.6% to 3.30 reais per liter starting June 1, tied to a federal subsidy program offsetting fuel tax reinstatement amidst regional conflict concerns.

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