Petrobras to scrap volume-linked bunker discounts at Santos

The Brazilian state energy producer will withdraw its volume-based bunker pricing from 1 March, ending discounts previously offered on large stems.

IMAGE: Aerial view of container ships at Santos, Brazil. Getty Images.

Petrobras has said it will discontinue discounted pricing for bunker stems above 1500 mt at Santos, according to a note sent to customers.

Additionally, the company will also revise the minimum order quantity at the port to 300 mt.

Petrobras introduced the discounted pricing structure in July last year, under which, stem sizes above 1500 mt and up to a maximum of 3000 mt were eligible for progressive discounts.

"These changes aim to enhance operational efficiency and ensure alignment with current market dynamics at the Port of Santos," the company said.

Petrobras supplies VLSFO and LSMGO across Brazilian ports and also offers B24 VLSFO biofuel.

By Gautamee Hazarika

Please get in touch with comments or additional info to news@engine.online