Platts launches new Brazil DAP gasoline, diesel cargo assessments Sept 15

Platts, part of S&P Global Commodity Insights, has launched new assessments from Sept. 15, 2025, for gasoline and diesel cargoes delivered to ports in Brazil as part of its commitment to bringing transparency to new markets.

Part of the new assessments reflects the value of cargoes with 250,000-350,000 barrels in volume arriving from all origins, while others reflect product from the US Gulf Coast, meeting Brazil's diesel and gasoline specifications and delivered on a DAP basis to Paranagua, Santos, Itaqui, Suape, Aratu and Belem in Brazil, 15-30 days forward from the day of publication. The assessments are published in cents/gal, $/barrel and Real/cu m.

In addition to outright price assessments, Platts has launched a corresponding differential versus NYMEX ULSD and NYMEX RBOB futures, respectively, for the same cargoes, as well as new spread assessments showing the difference in value between product delivered from all origins and product delivered from the US Gulf Coast.

The new assessments, which also include corresponding weekly and monthly averages, are as follows:

The new assessments complement the following existing assessments for USGC-origin ULSD and all-origin gasoline DAP cargoes, as well as their corresponding weekly and monthly averages, shown in the below table.

Market feedback has indicated a need for increased transparency in the Brazilian diesel and gasoline markets because of increased product flows into the country from a diverse set of regions, including the USGC, Russia, Northwest Europe, South Asia, the Arabian Gulf and Western Africa.

Previously, the Platts DAP ULSD assessments for Itaqui, Suape, Aratu, Santos and Paranagua were calculated net-forwards that considered the USGC prompt pipeline assessment, a loading premium and clean freight rates. However, liquidity has been observed to be rapidly increasing in Brazil, with bids, offers, trades and indicative tradable values regularly heard from market participants in recent months. For gasoline, the existing symbols will continue to reflect cargoes arriving from all origins, while the new assessments will reflect cargoes arriving from the USGC.

From Sept. 15, 2025, the existing Platts ULSD S10 DAP assessments have been renamed to reflect their USGC origin, while the newly launched symbols reflect DAP cargoes from all origins.

For publication from the first business day through the 15th of each month, the differentials will be expressed against the front-month NYMEX futures contracts. From the first business day after the 15th through the last business day of the month, the differentials will be expressed against the second-month NYMEX futures contracts.

This launch follows a proposal published Aug. 8, and a decision was announced via a subscriber note published Aug. 21, available here .

The new assessments also complement existing Brazilian import parity price assessments for ULSD and gasoline, which represent the value of material imported on the day of publication at each specified port, on top of the FCA assessments for the domestic market. Existing IPP and DAP assessments for Brazilian jet fuel and LPG cargoes are not impacted by the launch.

The new assessments reflect a 2.30 pm ET NYMEX settlement and follow the US publishing calendar.

Platts will publish the new assessments in the Latin American Wire, US Marketscan and Brazil Fuels Market Report and on fixed pages 164, 165, 370, 371, 470, 471, 2040 and 24 of the PGA and PRF service lines.

Please send all comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com.

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