Oil Price in Paraguay — Brent & WTI Crude Today

Paraguay has no oil production and imports all of its petroleum, largely via Argentina and Brazil. Landlocked and hydropower-rich, its fuel market still tracks regional Brent-linked product prices.

Classified here as a net importer, Paraguay trades against Brent and WTI. That is the pricing reference the sections below work from — the headline Brent number quoted at the top of this page is the global marker, not necessarily the price Paraguay settles at.

Paraguay produces no meaningful volume of crude, so every barrel consumed has to be bought at an internationally set price. That makes the Brent benchmark a direct input into the trade balance: a sustained move in crude shows up in the current account, in the currency, and eventually in domestic inflation.

South American grades are sold as differentials to whichever marker fits the destination — Brent for Europe and Asia, WTI for the US Gulf — so both benchmarks matter to the realised export price.

Paraguay has no significant refining capacity, so it imports finished fuel rather than crude. Its pump prices follow product cargo quotations — which include the exporting refiner's margin and the freight for the route — so local prices can rise even in weeks when Brent is falling, if refining margins or shipping rates are tightening.

Crude is invoiced in US dollars worldwide. Where local prices are quoted in dollars or in a dollar-pegged currency, that removes one layer of volatility: buyers in Paraguay face the crude move on its own, without an exchange-rate move stacked on top of it.