✓ verbatim from the press
Petrobras reduced the price of type A diesel for distributors by R$0.35 per liter starting Monday (1st), applying an economic subsidy authorized by the federal government. The state company's average selling price will go from R$3.65 to R$3.30 per liter — a 9.59% drop that replaces the PIS and Cofins exemption that had been in effect since March. ✓
Press quotes (2)
"A Petrobras informou, em nota divulgada neste domingo (31), que a partir de segunda-feira (1º) implementará um desconto de R$ 0,3515 por litro nos preços de venda de óleo diesel A, de uso rodoviário"
"O preço médio de venda da Petrobras para as distribuidoras passará de R$ 3,65 para R$ 3,30 por litro"
The measure is based on Provisional Measure No. 1,358/2026, Decree No. 12,984, and Ministry of Finance Ordinance No. 1,584, all from May 29. The federal government created the R$0.3515 per liter subsidy to compensate for the reimposition of federal taxes on fuel, which also returns Monday after three months of suspension during the Iran war. ✓
Press quotes (2)
"a medida ocorre no âmbito da subvenção econômica instituída pelo governo federal por meio da Medida Provisória nº 1.358, do Decreto nº 12.984 e da Portaria MF nº 1.584"
"o desconto em valor equivalente ao da subvenção econômica neutralizará a reoneração de PIS e Cofins que também ocorrerá a partir de 1º de junho"
On Saturday (30), the government published MP No. 1,363/2026 authorizing a second subsidy of R$1.12 per liter for road diesel producers and importers, valid until December. Petrobras reported that it "is evaluating the terms" of this new subsidy and that "any decision will be promptly disclosed to the national market." ✓
Press quotes (2)
"A subvenção econômica foi autorizada pelo governo federal no sábado (30), por meio da Medida Provisória nº 1.363/2026, aos produtores e importadores de óleo diesel de uso rodoviário no país, no valor de R$ 1,12 por litro"
"a Petrobras afirmou que está avaliando os termos da nova subvenção: 'Qualquer decisão da companhia sobre esse tema será tempestivamente divulgada ao mercado nacional"
At gas stations, the average price of S-10 diesel was R$7.13 last week, according to ANP data. The value is more than R$1 above what was recorded before the Iran war, but is down from the peak of R$7.58 reached in early April, when Petrobras had raised prices at its refineries by 11.6% due to the closure of the Strait of Hormuz. ✓
Press quotes (3)
"Nos postos de combustível, o preço médio do diesel S-10 foi de R$ 7,13 na semana passada, de acordo com dados da ANP"
"O valor está mais de R$ 1 acima do registrado antes da guerra no Irã, mas se distancia do pico de R$ 7,58 atingido no início de abril"
"a Petrobras elevou, em meados de março, o preço do diesel A em suas refinarias em 11,6%, ou R$ 0,38 o litro, para uma média de R$ 3,65 por litro"
Petrobras reduced diesel prices by R$0.35 per liter starting June 1st
Petrobras' diesel price for distributors went from R$3.65 to R$3.30 per liter
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
Approximately 30% of diesel consumed in the country is supplied by private refineries or imported
The government has not yet paid the first period subsidy (March) to importers
Conflicting versions (2)
Duration of the Iran war
Closure of the Strait of Hormuz
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What is the complete identification of the normative acts that authorize the subsidies (decree number, publication date in the Official Gazette)?
Why it's still unknown: Reports cite the numbers of the MPs and decree, but do not provide the publication dates in the Official Gazette or details of the legal preamble
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What is the constitutional foundation invoked for creating these economic subsidies?
Why it's still unknown: No source details the Constitution articles or authorizing laws cited in the MPs' preambles
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How many diesel importers joined the previous March subsidy and how many are expected to join the new one?
Why it's still unknown: Abicom reports that importers are resistant due to non-payment of the first subsidy, but there are no specific adhesion numbers
Did not cover: A Gazeta Brasil 247 Exame Folha de S.Paulo Money Times Poder360 Revista Fórum Agência Brasil JC O Liberal -
What is the specific budget source for the subsidies and what is the total expected fiscal impact?
Why it's still unknown: Reports mention that the previous measure would be compensated by 'tax on oil exports', but do not detail exact amounts or budget allocation
Did not cover: A Gazeta Brasil 247 Exame Money Times Poder360 Revista Fórum Valor Econômico Agência Brasil JC O Liberal