Petrobras Updates Natural Gas Prices for Distributors

Petrobras informs that, as of February 1, 2026, in accordance with the contracts agreed upon with distributors, the sales prices of natural gas will be updated, resulting in an average reduction of approximately 7.8% compared to the previous quarter.

At the beginning of 2026, the portion of the price indexed to the Henry Hub (a benchmark for the natural gas market in the United States) will come into effect for distributors that opted for this indexing alternative.

As explained in Petrobras’ announcements, natural gas sales contracts with distributors provide for quarterly updates to the price component related to the gas molecule and traditionally link these adjustments—whether upward or downward—to fluctuations in Brent crude oil prices and the R$/US$ exchange rate. As highlighted, since the beginning of the year, variations in the Henry Hub index have also been incorporated.

For the quarter beginning in February 2026, considering variations in Brent crude oil prices, the Henry Hub index, exchange rates, and the weighting of volumes contracted by distributors with Petrobras, the combined effect of these factors will result in an average price reduction of approximately 7.8% for the molecule component.

It is important to note that the actual final price variation for each distributor will depend on the contracted products and the volumes effectively withdrawn, taking into account the premiums introduced by Petrobras from 2024 onwards. These include the performance premium and the demand incentive premium, which allow for price reductions based on withdrawn volumes.

Since December 2022, the average price of the molecule sold to distributors has accumulated a reduction of approximately 38%, including the impact of the February 2026 adjustment.

Petrobras emphasizes that the final price of natural gas paid by consumers is not determined solely by the company’s selling price for the molecule. It also depends on transportation costs to the distributor, the supply portfolio of each distributor, their margins (and, in the case of CNG—Compressed Natural Gas for Vehicles—those of retail outlets), as well as federal and state taxes.

Furthermore, consumer tariffs are approved by state regulatory agencies in accordance with specific legislation and regulations. The company also clarifies that the price update announced for February 1, 2026, does not apply to LPG (cooking gas), whether bottled or sold in bulk.