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Petrobras Auctions 20 Million Liters Diesel Amid Shortages

3/11/2026

Summary

Story summary

Petrobras (Petróleo Brasileiro S.A.) plans a 20 million liters diesel auction in Rio Grande do Sul on March 11 to ease shortages.
The move follows diesel costs linked to the U.S.-Israeli attacks on Iran that threaten Brazil's agriculture.
Petrobras has not changed its prices, while domestic diesel prices rose due to global oil trends.
The auction aims to foster competition and prevent distributors from profiting from lower-priced fuel, Petrobras says.

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Story summary

Petrobras (Petróleo Brasileiro S.A.) plans a 20 million liters diesel auction in Rio Grande do Sul on March 11 to ease shortages.
The move follows diesel costs linked to the U.S.-Israeli attacks on Iran that threaten Brazil's agriculture.
Petrobras has not changed its prices, while domestic diesel prices rose due to global oil trends.
The auction aims to foster competition and prevent distributors from profiting from lower-priced fuel, Petrobras says.