Vibra Joins Brazil's Diesel Subsidy Program for April

Overview

• Vibra, the market leader in diesel sales, said it will enroll for April and is still working with the ANP on payment timing, oversight rules, and other technical details.
• The emergency program pays R$1.20 per liter for imported diesel on top of an existing R$0.32 subsidy, taking the potential benefit to R$1.52 per liter.
• A second track offers R$0.80 per liter for diesel produced in Brazil, and the plan is budgeted at R$4 billion for April and May with states’ shares drawn from FPE transfer retentions.
• The ANP lists nine eligible companies so far, while Raízen and Ipiranga have not joined after sitting out the first phase.
• Officials say the subsidies aim to shield agribusiness and temper inflation as oil costs rise, with diesel up 13.9% in March in Brazil’s official price index.