President Luiz Inácio Lula da Silva visited the Paulínia Refinery and announced an investment of R$37 billion in the state of São Paulo for refining, biorefining, E&P, decarbonisation, and sustainable energy generation.
The US EIA has reported that gasoline prices are higher than in February 2026 because of increasing crude oil prices related to the de facto closure of the Strait of Hormuz, at Memorial Day Weekend.