By Brazil Stock Guide – Vibra Energia SA (VBBR3.SA), Brazil’s largest fuel distributor, said it will seek enrollment in the federal diesel subsidy program in April, as authorities aim to stabilize fuel costs across the country.
The company said in a statement Thursday (9), cited by Reuters, that it is reviewing the program’s technical requirements while maintaining discussions with Brazil’s oil regulator and federal government.
Vibra added it is in ongoing talks with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to clarify operational details and ensure compliance before formally requesting access to the subsidy.
The company said it is working “to clarify and adjust key points so that, at a later stage, the subsidy can be requested in full compliance with its governance principles and logistical efficiency.”
Vibra also reiterated support for measures aimed at improving predictability in Brazil’s fuel market, with the goal of limiting impacts on consumers and key industrial sectors dependent on diesel.
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