Mar 21 • 02:25 UTC 🇧🇷 Brazil Folha (PT)

Vibra doubles diesel imports for April and will not let product run out in its network, says CEO

Vibra Energia has doubled its diesel imports for April in response to supply risks, ensuring that fuel will remain available at its Petrobras-branded service stations across Brazil.

Vibra Energia, Brazil's largest fuel distributor, has announced that it will double its diesel imports for the month of April, ensuring product availability across its network of Petrobras-branded stations. CEO Ernesto Pousada made this declaration during an interview with CNN Brasil, reassuring consumers amidst growing concerns about potential fuel shortages. The company’s decision comes after a letter from a national distributors’ union highlighted risks to the country’s fuel supply and urged the government and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to take action, including resuming auctions by Petrobras.

Pousada emphasized the urgency of the situation, noting that despite lower stock levels compared to previous periods, Vibra is actively working to enhance its fuel supply through increased imports. He reassured customers that every effort is being made to ensure fuel is available at the pumps, which is particularly critical given the short timeframe for imports and the uncertain inventory situation currently faced by the Brazilian fuel market. The proactive measures taken by Vibra reflect the growing pressures within the market and the need for reliability in supply to meet consumer demand.

The announcement by Vibra comes at a time of heightened concern regarding fuel supply stability in Brazil, particularly as the country navigates a complex economic landscape and the aftermath of the global pandemic. By increasing diesel imports, Vibra aims to mitigate the risks identified by the distributors' union and uphold consumer confidence in its service stations. This strategic move illustrates Vibra's commitment to addressing supply challenges while ensuring that Brazilian consumers can maintain access to essential fuel products.

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