Brazil's Petrobras to auction 20 million liters of diesel amid shortage reports, sources say
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Published on March 10, 2026.
Brazilian state-run oil company, Petrobras, plans to auction 20 million liters of diesel in the southern Rio Grande do Sul state amid reports of shortages. The auction will take place on Wednesday. This is seen as the first and most immediate threat to Brazil's farm sector from the U.S.-Israeli attacks on Iran, which is raising costs for farmers who harvest a record-breaking crop.
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