Brazil · Energy
Key Facts
—The U-turn. Petrobras announced a gasoline price increase for distributors on the night of Wednesday, September 9, and cancelled it hours later, in a correction issued shortly after midnight.
—The numbers. The first notice pointed to an average distributor price of R$3.24 per liter (about US$0.63); the corrected one sets it at R$3.05 (about US$0.59) — a net reduction of R$0.19 (about US$0.04) once a new federal tax cut is applied.
—The trigger. A R$0.44-per-liter (about US$0.09) federal subsidy under provisional measure MP 1.358/2026 expired on Wednesday, the same day the government signed a decree cutting federal fuel taxes for 30 days.
