What is the new diesel price Petrobras will charge distributors starting June 1, and how much is the reduction?

Petrobras will lower its average selling price of diesel to distributors to 3.30 reais ($0.6552) per liter starting June 1, a reduction of 0.3515 reais per liter from the previous price of 3.65 reais per liter.

How does the government's new cashback system for diesel producers and importers relate to Petrobras' price cut?

The government announced a cashback system of 0.35 reais per liter for diesel producers and importers, effective June 1, to compensate for the end of a tax exemption scheme; Petrobras stated that its price cut will 'neutralize' the effect of the higher taxes on the final consumer.

Petrobras Lowers Diesel Prices for Distributors as Cashback System Kicks In

May 31, 2026

Petrobras will reduce diesel prices by 0.3515 reais per liter starting June 1, aligning with a new government cashback system. The move aims to neutralize tax impacts on consumers while the company evaluates further subsidies.

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