Photo: screengrab from the official website of Brasil 247

By Brasil 247 - Brazil's Minister of Mines and Energy, Alexandre Silveira, said on Wednesday that the country faces no risk of fuel shortages despite tensions in the Middle East and concerns about their possible effects on the global energy market, according to Brasil 247, citing information originally published by Brazil Stock Guide. The minister told journalists that national fuel supply remains stable and that the government is closely monitoring price behavior in the domestic market.

Silveira stated that "there is no possibility of fuel shortages at gas stations," emphasizing that the current concern is not supply but pricing practices. He alleged that distortions are being caused by market agents and said that "what exists is criminal speculation by distributors and resellers," adding that the government will apply fines, strengthen inspections, conduct operations and involve the Federal Police when necessary.

The minister indicated that authorities intend to increase pressure on the distribution and resale chain to curb price adjustments considered abusive. According to him, oversight mechanisms will be reinforced, with the possibility of sanctions against companies that raise prices without concrete justification.

The statement comes amid heightened attention to fuel markets due to geopolitical instability in the Middle East, which traditionally increases market sensitivity to oil, diesel and gasoline prices. Silveira sought to distinguish between physical supply security and price movements, arguing that Brazil's capacity to maintain fuel supply is not under threat.

(Reported by Brasil 247 on March 12, 2026)