Brazil Fuel Distribution: Hit the Pump: Listed players regain sell-out premium vs. white flags

Research evidence excerpt

Brazil Fuel Distribution: Hit the Pump: Listed players regain sell-out premium vs. white flags

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Brazil Fuel Distribution

Hit the Pump: Listed players regain sell-out

premium vs. white flags

Industry Overview

Hit the pump: tracking fuel distribution segment data 14 May 2026

Hit the Pump is a monthly deep dive into Brazil’s fuel distribution landscape. We track Equity

key industry metrics including volumes, market share, pricing, and margins. We also Latin America

monitor data for Biofuels, LPG, and Lubricants segments, providing data-driven insights, Oil & Gas

trends, and commentary to support investors’ decision-making process. We highlight

that market share data for this month has not been published due to data Table of Contents

inconsistencies from the regulator. Replacement margins 2

Russian fuel continues to dominate imports Volume sold by distributors in Brazil 3

All fuels: Volume and Market Share 4

Russia accounted for roughly 90% of diesel imports in April (Exhibit 35), the highest

since May/24, and it continues to set the marginal replacement cost into Brazil. Diesel: Volume and market share by segment 5

According to Platts, traders point to softer offers from Russian suppliers and reports of Gasoline: Volume and market share by segment 8

unsold cargoes still afloat, reinforcing a cautious stance among buyers when securing Ethanol: Volume and market share by segment 10

incremental volumes. The latest discount for Russian diesel vs. US cargoes stood at Sell-out Pricing 12

around 4cpg (R$50/m³), based on a July heating oil reference for early-June arrival. Diesel inventory variation 13

Traders note that weak demand has led to increasingly aggressive Russian pricing. In Imports overview 14