Adjustment takes effect on April 1st; partial closure of the Strait of Hormuz led to a barrel of oil exceeding US$100
a private fuel distributor that succeeded the state-owned BR Distribuidora, determined a 54.63% increase in aviation kerosene. The company communicated the measure to air taxi operators on Friday (27th March 2026) and the adjustment comes into force on Tuesday (1st April 2026).
According to information from the rise in oil prices on the international market motivated the readjustment. Attacks by the United States and Israel on Iran caused the partial closure of the Strait of Hormuz, which led to a barrel of oil exceeding US$100.
Aviation kerosene fuels turboprop aircraft, jets and turboshaft helicopters. Aviation gasoline powers aircraft with piston engines. The 2 aviation fuels follow international parity.
Vibra Energia was transferred to private management in 2021, during the government of the former president (PL). Em President Luiz Inácio Lula da Silva (PT) has blamed the privatization of BR Distribuidora for the rise in fuel prices in the country. According to him, without a distributor under state control, the government lost the ability to contain the passing on of the rise in oil prices to the consumer.
The PT bench has already started articulations to create the Parliamentary Front for renationalization, under the command of the PT leader in the Chamber, Pedro Uczai (SC). Congressmen from blocs allied to the federal government, such as the Psol-Rede Federation and the Brasil da Esperança federation (PT, PC do B and PV), took the initiative. The group’s expectation was to obtain enough signatures to install the collegiate body by March 24, but the objective was not met.
RESTATIZATION
The renationalization of BR Distribuidora would depend, firstly, on the political decision of the federal government and could be conducted by Petrobras, in accordance with the company’s governance rules.
As the state-owned company sold its entire stake in the distributor in 2021, share control is currently dispersed among private investors.
To regain control, it would be necessary to acquire a majority stake, possibly through a public takeover bid (OPA).
Depending on the model, the operation may require approval from Congress and would have to follow financial market rules, with analysis from bodies such as the CVM (Securities Commission) and, eventually, Cade (Administrative Council for Economic Defense).
