Petrobras' Board of Directors approved on Wednesday (20) the company's adhesion to the economic subsidy for fuels created by the federal government through Provisional Measure No. 1,358 of May 13, 2026. The MP authorizes compensation of up to R$ 0.89 per liter for gasoline and R$ 0.35 per liter for diesel, equivalent to federal tax values such as PIS/Cofins and Cide-Combustíveis. ✓
Press quotes (2)
"O Conselho de Administração da Petrobras aprovou na noite desta quarta-feira (20) que a companhia aprovou a adesão da companhia à subvenção econômica proposta pelo governo federal"
"Autoriza a concessão de subvenção econômica aos produtores e importadores de combustíveis derivados de petróleo"
According to the state company, the adhesion "is compatible with the company's interest" due to the "optional character and potential benefit," preserving "the company's flexibility in implementing its commercial strategy." The effective signing of the adhesion term will be conditioned on the publication of regulations by the Ministry of Finance. ✓
Press quotes (2)
"diante do caráter facultativo e do potencial benefício"
"A efetiva assinatura do novo termo de adesão ficará condicionada à publicação e análise de ato do ministro da Fazenda e do regulamento"
The MP was issued with the objective to "mitigate economic impacts caused by the shock in the international energy market resulting from the Middle East conflict," authorizing the subsidy "on an extraordinary basis, in the 2026 financial year." The mechanism functions as compensation to producers and importers for federal taxes deducted from sale prices. ✓
Press quotes (2)
"Em caráter extraordinário, no exercício financeiro de 2026, fica o Poder Executivo federal autorizado a conceder subvenção econômica"
"com o objetivo de mitigar os impactos econômicos causados pelo choque no Mercado internacional de energia decorrente do conflito no Oriente Médio"
According to Planning Minister Bruno Moretti, the fiscal impact of the measure for gasoline should cost between R$ 1 billion and R$ 1.2 billion per month. Petrobras' decision occurs amid pressure to readjust fuel prices, with calculations from the Brazilian Association of Fuel Importers indicating that the state company's prices are 39% below the international market for diesel and 73% for gasoline. ✓
Press quotes (2)
"o ministro do Planejamento e Orçamento, Bruno Moretti, afirmou que o impacto fiscal da medida à gasolina deve custar entre R$ 1 bilhão e R$ 1,2 bilhão por mês"
"os preços praticados pela Petrobras estão 39% abaixo do mercado internacional no diesel e 73% abaixo na gasolina"
All sources confirm that Petrobras' adhesion is optional and preserves the company's commercial flexibility
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
Estimated monthly fiscal impact between R$ 1 billion and R$ 1.2 billion for gasoline
-
What are the specific constitutional tests that MP 1,358/2026 needs to pass to be considered valid?
Why it's still unknown: No outlet analyzed the doctrinal requirements of relevance and urgency for MPs or the limits of autonomous regulatory power applicable to the case
-
What is the specific timeline and activation/deactivation triggers for the subsidy?
Why it's still unknown: Sources only mention that the measure is valid for 2026, but do not detail temporal control mechanisms or conditions for suspension
-
Are there any proposed or announced constitutional challenges (ADIs) against MP 1,358/2026?
Why it's still unknown: There is no coverage of formal legal challenges to the provisional measure