Brazil’s gasoline imports are set to reach 309 million liters in April, up over 170% year-on-year, though 7.9% below March, according to Datagro. March volumes rose 193.8% to 335.6 million liters, lifting Q1 imports above 1 billion liters, up 66.2% y/y, amid firm domestic demand. Russia supplied nearly 60% of gasoline imports and 76.6% of diesel in April lineups, supported by temporary US sanctions relief. Diesel imports are projected at 1.22 billion liters in April, up 19.4% m/m but down 14.8% y/y, as Petrobras sustains refinery throughput. Forward, gasoline imports should ease with the Center-South harvest and rising ethanol supply; prices at mills in São Paulo fell over 7% w/w. Diesel imports in 2026 are seen down 0.6% to 17.2 billion liters, with domestic output up 4.5% in Q1 and biodiesel production forecast at 10.4 billion liters.
Source: Nova Cana
