Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 77

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 77
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  users in Brazil must be blended with biodiesel. In March 2024, the mandatory level of biodiesel in the fuel increased from 12% to   
                                    14%, as decided by the National Energy Policy Council (CNPE).                                     
                                                                  In                                                                  
 2024, S-10 diesel sales represented 64.4% of our diesel sales, surpassing the 62% achieved in 2023. The decrease in diesel oil sales 
   in 2024 was mainly associated with the increase in the mandatory blend of biodiesel, and the increase in imports by other agents   
 to Brazil, especially those from Russia. The record share of S-10 Diesel as it relates to total diesel sales reflects the commercial 
  and operational actions that we have implemented in order to meet the Brazilian domestic demand for the product with lower sulfur   
                                                 content, replacing the S-500 Diesel.                                                 
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Annual Report and Form 20-F 2024 |

Gasoline
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                                                               Gasoline                                                               
  is a light petroleum distillate used in vehicles with spark-ignition internal combustion engines (Otto Cycle engines). Refineries   
      in Brazil produce a distillate called “gasoline A,” which must be blended with 27% of anhydrous ethanol (current mandate)       
        by distributors and then sold to end users as “gasoline C” at gas stations. Its main competitors are hydrated ethanol         
(sold directly by producers to distributors, who resell it in gas stations) and CNG - Compressed Natural Gas (sold by gas distributors
        directly to gas stations). In 2024, the “gasoline A” sold by us represented 39% the total Brazilian Otto-Cycle market.        
                                                               Gasoline                                                               
 sales in 2024 decreased mainly due to the loss of market share to hydrous ethanol in flex-fuel vehicles. This was driven by the full 
 federal re-taxation throughout 2023 and the increase in fuel taxes in 2024, which made the hydrous ethanol a more attractive option  
                                                            for consumers.                                                            
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LPG
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                                                                The                                                                 
LPG is a light distillate composed by propane and butane. It is used as fuel for heating appliances such as cooking equipment, rural
 heating and water boilers, among others. In Brazil, around 70% of LPG is sold in bottled cylinders of up to 13 kg by distributors  
  and primarily used for residential cooking