Petrobras updates natural gas prices for distributors

Petrobras announces that, on November 1, 2025, in accordance with the contracts agreed upon with distributors, the sales prices of the gas molecule will be updated, with an average reduction of approximately 1.7% compared to the previous quarter.
The contracts with distributors provide for quarterly updates of the portion of the price related to the gas molecule and link this variation, either upward or downward, to fluctuations in the Brent crude oil price and the R$/US$ exchange rate. For the quarter starting in November 2025, the Brent crude oil reference price rose by 2.18%, and the exchange rate appreciated by 3.83% (that is, the amount in reais needed to convert into one U.S. dollar decreased by 3.83%).
Since December 2022, the average price of the molecule sold to distributors has accumulated areduction of around 33%. The variations by distributor depend on the products contracted with Petrobras.
The final price of natural gas to consumers is not determined solely by the company’s sale price of the molecule, but also by the cost of transportation to the distributor, each distributor’s supply portfolio, as well as their margins (and, in the case of CNG – Compressed Natural Gas, the resale stations), and by federal and state taxes. In addition, consumer tariffs are approved by state regulatory agencies in accordance with specific laws and regulations.
The update announced for November 1, 2025, does not refer to the price of LPG (liquefied petroleum gas, or cooking gas), which is sold in cylinders or in bulk.
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