Platts launches Brazil inland ULSD, gasoline port assessments

Platts, part of S&P Global Commodity Insights, has launched assessments for inland ultra low sulfur diesel and port gasoline prices in the Brazilian domestic market, both on an FCA basis, effective March 31.

The expansion of domestic Brazilian coverage is part of Platts' commitment to provide greater price transparency to emerging markets, and to the Brazilian fuels market in particular.

The launch of these new assessments was announced in a subscriber note published March 28, available here.

New assessments for Brazil inland ULSD

The new diesel assessments consist of the outright price of ULSD, or S10-grade diesel as it is called in Brazil, at two main inland distribution hubs: Paulínia and Araucaria.

They add to Platts' current suite of FCA S10 assessments at the country's four main ports of destination: Itaqui, Suape, Santos and Paranaguá, and to their DAP counterparts.

Paulínia and Araucária are two of the biggest fuel distribution hubs in the country, accounting for around 4 million cu m in storage capacity in 557 tanks, according to data from Brazilian petroleum agency ANP.

The ports can serve both the Center-West and the South crop harvests and also supply local truck transportation. This is all part of what is referred to as the Center-South market, which holds almost three-quarters of countrywide retail sales.

The hubs usually see spot trade for domestic and imported products on an FCA basis at a differential to Petrobras's local refinery posted prices.

In line with market feedback, Platts will reflect spot transactions for prompt delivery between 120-2,000 cu m in volume, for delivery up to seven days forward from the date of publication.

New Brazil gasoline port assessments

The new gasoline assessments reflect the outright value of the product, mainly sourced from imports, at the ports of Suape and Itaqui.

The assessments complement the current offering of DAP cargo assessments at those two locations and other ports by providing more insight into domestic market prices.

Gasoline imports into Brazil are more prominent in the North-Northeast market, with a focus on the two main ports of Suape and Itaqui.

The country imported 14.99 million barrels of gasoline in 2024, with 4.66 million barrels discharging in Suape and 2.11 million barrels in Itaqui, according to S&P Global Commodities at Sea data.

Platts understands that, like ULSD, gasoline imports after being nationalized into the country typically trade at those two ports on an FCA basis as a differential to Petrobras's posted prices for each region.

Platts will reflect prompt spot transactions between 300-2,000 cu m in volume, for delivery up to seven days forward from the date of publication.

The four new assessments will be published in both Brazilian real per cubic meter and US cents per gallon, along with their monthly averages.

These assessments will consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades and indicative values, as well as other relevant data.

The daily assessments will reflect a 4:30 pm Sao Paulo time stamp and will follow the Platts Sao Paulo publishing schedule.

Details of the new Platts ULSD S10 inland and gasoline port assessments are as follows:

The assessments will be published in THE Latin American Wire, US Marketscan and on Platts Global Alert and Platts Refined Products Alert fixed pages 164, 165, 370, 371, 470, 471,1631 and 1638.

Please send any further questions, comments or feedback to americas_products@spglobal.com and pricegroup@spglobal.com.

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