Brazil's Petrobras touts refining plan as Russian diesel imports jump

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Brazilian state-run oil firm Petrobras will double down on its strategy to maximize motor fuel from its local refineries even as it boosts imports of cheap Russian diesel, the company's top executive told Reuters on Monday.

will double down on its strategy to maximize motor fuel from its local refineries even as it boosts imports of cheap Russian diesel, the company's top executive told Reuters on Monday.

Brazil's total diesel imports rose nearly 13% in June to reach 1.08 billion liters, with Russian suppliers providing 64%. In previous months, their share of overall imports never reached half the total, Argus data showed.

 

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