Brazilian Ministry of Mines and Energy secures R$550 million credit to fund diesel import subsidy
Type: Financing · Technology: Oil Gas · Country: Brazil · Announced: 2026-06-29
The Ministry of Mines and Energy obtained a credit of R$550 million to finance a subsidy for imported road diesel, as announced in Provisional Measure No. 1.372/2026. The funds will be allocated to the subsidy action carried out by the National Agency of Petroleum, Gas and Biofuels (ANP). The credit aims to lower the cost of diesel imports for Brazilian road transport, supporting fuel supply stability. This financing reflects the government's effort to mitigate fuel price volatility and sustain the oil and gas sector. The measure was published on 29 June 2026, marking the formal approval of the credit line.
Counterparties
- Ministério de Minas e Energia (Borrower)
- Agência Nacional do Petróleo, Gás (Partner)