Brazil’s gasoline imports are projected at 309 million liters in April, up over 170% year-on-year but down 7.9% from March, according to Datagro. March inflows reached 335.6 million liters (+193.8% y/y), taking Q1 volumes above 1 billion liters (+66.2%). Strong domestic consumption and inventory rebuilding supported purchases, with Russia supplying nearly 60% of gasoline and 76.6% of diesel imports in April lineups. Diesel imports are seen at 1.22 billion liters in April (+19.4% m/m; -14.8% y/y), amid higher refinery runs by Petrobras. For 2026, StoneX forecasts diesel imports at 17.2 billion liters (-0.6% y/y), as domestic output (+4.5% in Q1) and biodiesel production (10.4 billion liters, +7.2%) expand. Gasoline imports are expected to ease as ethanol supply rises with the Center-South harvest, with prices already declining.
Source: Nova Cana
