What is the new gasoline price Petrobras is charging distributors, and when does it take effect?

Petrobras is raising gasoline prices for distributors to 2.61 reais (52 cents) per liter, effective Friday, as stated in its official announcement.

Why is Petrobras increasing gasoline prices now, and how is the government involved?

Petrobras is hiking prices after the Brazilian government approved new subsidies to protect consumers from crude oil price increases linked to the Iran conflict; the company is coordinating its fuel-price strategy with the government and will offer a per-liter discount tied to the government’s subsidy to mitigate the impact on distributors and end consumers.

Petrobras Hikes Gasoline Prices After Brazil Subsidies Approved

May 28, 2026

Petrobras will raise domestic gasoline prices to 2.61 reais per liter following government approval of new subsidies to mitigate rising crude costs linked to the Iran conflict. This marks the first price increase by the state-controlled producer in approximately two years.

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