Petrobras adjusts diesel price with offsetting subsidy; signs Ivory Coast exploration deal

Petrobras will apply a R$1/liter increase to diesel A prices for distributors, offset by an equal subsidy discount under MP 1,391/2026, leaving net prices unchanged. Separately, CEO Magda Chambriard announced a contract to explore eight offshore blocks in Ivory Coast. The diesel adjustment is a technical pass-through with no market impact, while the Ivory Coast deal signals international expansion.