Paraguay’s business mission to the United States secured more than $1 billion in investments, including $700 million for an events center in Asunción and $200 million for the forestry sector.
Petróleos Paraguayos
Pytagua coverage mentioning Petróleos Paraguayos.
Petropar raised prices per liter by G. 495 for Diesel Porã and Mbarete and by G. 150 for Aratiri 97 gasoline, with the new prices in effect since September 24. Sources differ on the diesel prices before the increase and attribute the adjustment to higher international oil prices and a trend of increases at private stations.
Santiago Peña and Delcy Rodríguez have opened talks in Caracas on restoring diplomatic relations. The move follows the 2025 rupture and combines security, economic and migration interests with a domestic debate over Paraguay’s position on Venezuela’s democratic institutions and human-rights situation.
Petropar cut the budget and maximum volume of a tender to purchase aviation fuels, raised the reference price and rescheduled the session for September 23, 2026.
Santiago Peña began a 10-day trip to Venezuela and the United States to try to restore relations with Caracas, address Petropar’s debt of about $300 million to PDVSA and seek investment in New York, while Isaías Fretes was appointed health minister after leaving the IPS board of directors.
Private fuel distributors in Paraguay are considering increases of up to G. 800 per liter because of higher oil prices, while Petropar is temporarily maintaining prices with older inventories and the sector warns of effects on transport, freight and food.
Petropar has opened an international tender worth up to US$24.3 million, to be paid with public funds and used exclusively to purchase up to 20,000 cubic meters of aviation fuel, while planning five aeroplants with Paraguayan company Royal Energy, an aviation-sector distributor since 2017 whose selection resulted from a process whose publication by the National Directorate of Public Procurement (DNCP) has yet to be clarified.
Petropar has begun selling Jet A-1 and AVGAS in Paraguay, with one plant operating in Encarnación and plans for five facilities through a public-private partnership that does not require direct state investment in infrastructure.
Paraguayan public entities are massively resorting to the argument of 'unavoidable urgency' to make purchases without bidding, a practice criticized by Senator Rafael Filizzola, who warns that the legal exception has become the rule.
Diesel price increases of up to 39% in Paraguay are pressuring freight transport and agricultural sector costs, while also raising the technical fare for public transportation, with risk of pass-through to consumer prices.
Paraguayan Senator Esperanza Martínez denounces that politicians, including senators, deputies, governors, and ministers, are linked to drug trafficking, finance campaigns with illicit money, and enjoy impunity, pointing to systemic tolerance for corruption in the country.
Court unanimously acquits former judge Tania Irún of misconduct charges in the Alto Paraguai lands case, while in a separate proceeding former Petropar president Sergio Escobar Amarilla is accused of breach of trust in a contract that caused billions of guaranis in losses.
The president of Paraguay's Congress asks Petropar to keep prices low to regulate the market, while he and other politicians, including former deputies and a senator, are linked to fuel stations of the state-owned company.
Private fuel distributors in Paraguay have increased prices by up to G. 800 per liter for diesel and between G. 500 and G. 600 for gasoline, citing the impossibility of maintaining previous prices in the face of high international oil market costs.
The government of Santiago Peña spent over US$ 22 million on advertising through Itaipú, which defends the expenditures, while Petropar plans to bid out promotional items like bags and uniforms, and lawmakers propose redirecting such funds to healthcare.
Moody's has maintained Paraguay's investment grade with a stable outlook, while construction on the Aña Cuá energy project at the Yacyretá dam has reached 76% completion.
Delia Patricia Samudio, former head of Petropar, and her husband, José Costa Perdomo, were sent to prison to serve the sentences imposed in the Tonic Water case.
The Petropar alcohol plant in Troche has recorded losses of $5 million and is transferring part of its production to private mills due to its inability to process all the raw material, sparking criticism over transparency and costs.
The high volatility of the Brazilian real against the Paraguayan guarani is reversing the trade flow on the Brazil-Paraguay border, encouraging Paraguayans to shop in Brazil while reducing the purchasing power of Brazilian informal cross-border traders and affecting the value of remittances.
Senator Walter Kobylanski resigned from the National Crusade Party, declaring political independence due to internal disagreements and criticism of the party's lack of renewal.
The Criminal Chamber of the Supreme Court of Justice rejected the final appeal and made final the sentence of Patricia Samudio to 4 years in prison and her husband, José Costa Perdomo, to 3 years and 9 months, for the embezzlement of G. 359.7 million from the state-owned company during the pandemic.