Brazil's diesel imports hit record in 2025 amid local production decline, StoneX says

RIO DE JANEIRO, Jan 7 (Reuters) - Brazil imported a record 17.3 billion liters of diesel in 2025, with Russia holding its spot as the South American nation's top supplier despite ceding some share to the United States, a report from consultancy StoneX showed on Wednesday.

• The volume imported by Brazil represents a 20% climb from 2024.

• Increased domestic demand and a decline in local production drove the growth, StoneX said.

• The climb in imports also occured despite an increase in the mandatory percentage of biofuels required in diesel sold by distributors in Brazil.

• Imports account for about 20% of the country's diesel consumption.

SUPPLIES FROM RUSSIA, THE U.S.

• Brazil imported 8.1 billion liters (2.14 billion gallons) of diesel from Russia last year, down 14% year-on-year.

• The decline was driven between August and November, when Russia's oil refining capacity fell amid Ukrainian attacks against its processing units, according to StoneX.

• Meanwhile, Brazil's diesel imports from the U.S. rose to 5.7 billion liters in 2025 from 2.4 billion liters the year before.

• For 2026, StoneX said it expects higher Brazilian imports from the U.S., while "Russian volume will depend, in part, on the conflict with Ukraine."