Search
6 results for “diesel price”
Brazil’s Fuel Subsidy Tab Hits R$9.9 Billion as Petrobras Stabilizes Diesel Price Ahead of Election
State-controlled Petrobras confirms R$9.9 billion in government subsidies to cap fuel prices, highlighting political risk before the October election.
Petrobras Price Hike Fully Absorbed by New Diesel Subsidy, Total Government Fuel Aid Nears R$10 Billion
Brazil's state-controlled oil company raised diesel prices by R$1.00/liter, but a new government subsidy immediately offset the increase.
Diesel Shortage Risk Forces Brazilian Biodiesel Producers to Push for Higher Blends
A record gap between Petrobras's domestic diesel price and international rates is creating a supply risk, leading industry groups to lobby for an immediate increase to a B17 biodiesel mandate to shore up domestic supply.
Lula Bypasses Fiscal Rule with R$6.6 Billion Fuel Subsidy, Renewing Brazil Fiscal Concern
President Lula authorized a massive R$6.6 billion extraordinary credit for fuel subsidies, raising concerns about the new fiscal framework.
Brazil Opens $1.3 Billion Fuel Subsidy to Shield Consumers from Global Oil Shock
President Lula signs Provisional Measure for R$6.6 billion in subsidies to stabilize diesel prices and fight inflation.
Geopolitical Shock Hits Brazilian Agribusiness with R$7.2 Billion Diesel Cost Increase
Brazil's agriculture sector is absorbing an extra R$7.2 billion in fuel costs due to a 23% diesel price hike driven by Middle East conflict.