The federal government is increasing the subsidy for imported diesel by R$ 1.6 billion to ensure national supply, bringing the total support to R$ 3.52 per liter in response to the global landscape.
In a strategic move aimed at ensuring fuel supply stability, the federal government has announced a substantial increase in subsidies for imported diesel.
With the second round of elections approaching, the decision raises the benefit by R$ 1.40 per liter, which, when added to the existing R$ 2.12, brings the total support to R$ 3.52 for imported product.
The financial impact of this move is estimated at R$ 5.2 billion over a 30-day period. According to the administration, the funds required to cover this package — which also includes the full tax exemption on gasoline and an adjustment to ethanol subsidies — will come from extraordinary revenues generated by the oil sector.
Logistical impact and focus on Petrobras
Historically, Petrobras has been the primary beneficiary of this state aid model. Data from the ANP (National Agency of Petroleum, Natural Gas and Biofuels) reveal that, through September, the state-owned company was responsible for receiving approximately 86% of all subsidies distributed.
The need to reinforce imports is clear when observing the country’s external dependency, with a large volume of diesel being sourced from the United States. The government justifies the measure as a way to mitigate the effects of international instability, which keeps derivative prices at high levels.
It is a subsidy on diesel so that we can maintain, as we do today, a sense of security regarding the country’s supply.
Supply landscape and next steps
Despite government efforts, the real cost of fuel for the end consumer remains under pressure. Surveys by the ANP indicate that, in several states, the average price of S10 diesel at the pump has shown a significant increase in recent weeks.
States like Rio Grande do Sul, which have faced recent logistical bottlenecks, have received increased attention from the regulatory agency.
To circumvent potential shortages, exceptional measures, such as temporary authorization for the reclassification of diesel types, have been implemented. The market remains attentive to the validity of the new ordinances, with the expectation that financial support will continue to be calibrated according to the behavior of oil barrel prices in the global market and the evolution of refining margins.
