Ultrapar Participações (UGP) 20-F 23 Apr 24 2023 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity Registrant Name	ULTRAPAR HOLDINGS INC.
Entity File Number	001-14950
Entity Central Index Key	0001094972
Entity Incorporation, State or Country Code	D5
Entity Address, Address Line One	Brigadeiro Luis Antônio Avenue, 1343, 9th Floor
Entity Address, City or Town	São Paulo,
Entity Address, Country	BR
Entity Address, Postal Zip Code	01317-910
Title of 12(b) Security	Common shares
Trading Symbol	UGP
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	1,089,501,667
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Auditor Name	Deloitte Touche Tohmatsu Auditores Independentes Ltda.
Auditor Firm ID	1045
Auditor Location	São Paulo, Brazil
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Rodrigo de Almeida Pizzinatto
Entity Address, Address Line One	Brigadeiro Luis Antônio Avenue, 1343, 9th Floor
Entity Address, City or Town	São Paulo
Entity Address, Country	BR
Entity Address, Postal Zip Code	01317-910
City Area Code	55 11
Local Phone Number	3177 7014

Consolidated Statements of Fina

Consolidated Statements of Financial Position - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	R$ 5925688	R$ 5621769
Financial investments and derivative financial instruments	292,934	520,352
Trade receivables	3,921,790	4,149,111
Reseller financing	504,862	559,825
Trade receivables - sale of subsidiaries	924,364	184,754
Inventories	4,291,431	4,906,083
Recoverable taxes	1,462,269	1,610,312
Recoverable income and social contribution taxes	171,051	96,134
Dividends receivable	3,572	4,296
Other receivables	263,806	174,153
Prepaid expenses	99,922	123,699
Contractual assets with customers - exclusivity rights	787,206	614,112
Total current assets	18,648,895	18,564,600
Non-current assets
Financial investments and derivative financial instruments	951,941	442,841
Trade receivables	13,216	61,463
Reseller financing	550,641	501,522
Trade receivables - sale of subsidiaries	0	911,811
Related parties	31,892	0
Deferred income and social contribution taxes	1,255,134	898,235
Recoverable taxes	2,741,370	2,172,959
Recoverable income and social contribution taxes	225,354	403,383
Escrow deposits	1,032,717	946,383
Indemnification asset - business combination	124,927	126,558
Other receivables and other assets	155,818	61,433
Prepaid expenses	73,387	74,813
Contractual assets with customers - exclusivity rights	1,475,302	1,591,479
Investments in subsidiaries, joint ventures and associates	318,356	111,384
Right-of-use assets, net	1,711,526	1,791,377
Property, plant and equipment, net	6,387,581	5,862,413
Intangible assets, net	2,553,917	1,918,349
Total non-current assets	19,603,079	17,876,403
Total assets	38,251,974	36,441,003
Current liabilities
Trade payables	4,682,671	4,710,952
Trade payables - reverse factoring	1,039,366	2,666,894
Loans, financing and derivative financial instruments	1,075,672	869,067
Debentures	917,582	2,491,610
Salaries and related charges	494,771	460,906
Taxes payable	168,730	192,430
Dividends payable	334,641	48,525
Income and social contribution taxes payable	551,792	315,053
Post-employment benefits	23,612	21,809
Provision for decarbonization credit	741,982	272,969
Provisions for tax, civil and labor risks	45,828	22,837
Leases payable	311,426	225,034
Financial liabilities of customers	157,615	154,405
Other payables	683,970	313,761
Total current liabilities	11,229,658	12,766,252
Non-current liabilities
Loans, financing and derivative financial instruments	5,585,372	4,845,393
Debentures	4,189,391	3,544,291
Related parties	3,118	3,492
Deferred income and social contribution taxes	206	299
Post-employment benefits	241,211	193,747
Provisions for tax, civil and labor risks	1,258,302	1,017,335
Leases payable	1,212,508	1,298,735
Financial liabilities of customers	151,319	296,181
Subscription warrants - indemnification	87,299	42,776
Provision for unsecured liabilities of subsidiaries, joint ventures and associates	256	157
Other payables	263,508	257,377
Total non-current liabilities	12,992,490	11,499,783
Equity
Share capital	6,621,752	5,171,752
Equity instrument granted	75,925	43,987
Capital reserve	597,828	599,461
Treasury shares	(470,510)	(479,674)
Revaluation reserve of subsidiaries	3,802	3,975
Profit reserves	6,389,559	6,111,136
Accumulated other comprehensive income	154,108	179,974
Additional dividends to the minimum mandatory dividends	134,031	78,130
Equity attributable to:
Shareholders of Ultrapar	13,506,495	11,708,741
Non-controlling interests in subsidiaries	523,331	466,227
Total equity	14,029,826	12,174,968
Total liabilities and equity	R$ 38251974	R$ 36441003

Consolidated statement of incom

Consolidated statement of income R$ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$) R$ / shares		Dec. 31, 2023 $ / shares	Dec. 31, 2022 BRL (R$) R$ / shares	Dec. 31, 2021 BRL (R$) R$ / shares
Profit Loss From Continuing Operations [Abstract]
Net revenue from sales and services	R$ 126048701			R$ 143634708	R$ 109732842
Cost of products and services sold	(116,730,469)			(136,276,257)	(104,827,966)
Gross profit	9,318,232			7,358,451	4,904,876
Operating revenues (expenses)
Selling and marketing	(2,253,226)			(2,141,985)	(1,931,666)
General and administrative	(2,018,159)			(1,534,481)	(1,466,551)
Results from disposal of property, plant and equipment and intangible assets	121,935			169,289	184,189
Other operating income (expenses), net	(602,865)			(514,522)	96,166
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	4,565,917			3,336,752	1,787,014
Share of profit (loss) of joint ventures and associates	11,908	[1]		12,181	(17,634)
Income before financial result and income and social contribution taxes	4,577,825			3,348,933	1,769,380
Financial income	880,884			706,689	460,154
Financial expenses	(1,880,014)			(2,175,897)	(1,222,886)
Financial result, net	(999,130)			(1,469,208)	(762,732)
Income before income and social contribution taxes	3,578,695			1,879,725	1,006,648
Income and social contribution taxes
Current	(1,396,317)			(637,973)	(430,280)
Deferred	335,375			296,459	242,246
Income and social contribution taxes in the statement of income	(1,060,942)			(341,514)	(188,034)
Net income from continuing operations	2,517,753			1,538,211	818,614
Discontinued operations	0			301,858	65,264
Net income for the year	2,517,753			1,840,069	883,878
Net income attributable to:
Shareholders of Ultrapar	2,439,795			1,800,839	850,463
Non-controlling interests in subsidiaries	R$ 77958			R$ 39230	R$ 33415
Earnings per share from continuing operations (based on the weighted average number of shares outstanding) – R$
Basic | R$ / shares	R$ 2.2272			R$ 1.3727	R$ 0.72
Diluted | R$ / shares	2.2081			1.3643	0.7158
Earnings per share from discontinued operations (based on the weighted average number of shares outstanding) – R$
Basic | (per share)			$ 0	0.2764	0.0598	[2]
Diluted | (per share)			$ 0	0.2747	0.0595	[2]
Total earnings per share (based on the weighted average number of shares outstanding) – R$
Basic | R$ / shares	2.2272			1.6491	0.7799
Diluted | R$ / shares	R$ 2.2081			R$ 1.6391	R$ 0.7753
[1] Adjusted for unrealized profits between subsidiaries.

Consolidated statement of compr

Consolidated statement of comprehensive income - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated statements of comprehensive income
Net income for the year	R$ 2517753	R$ 1840069	R$ 883878
Items that will be subsequently reclassified to profit or loss:
Fair value adjustments of financial instruments of subsidiaries and joint ventures, net of income and social contribution taxes	(7,399)	602,480	7,274
Translation adjustments and hedge of net investments in foreign operations, net of income and social contribution taxes	0	(304,645)	73,049
Items that will not be subsequently reclassified to profit or loss:
Actuarial gains (losses) of post-employment benefits, net of income and social contribution taxes	(32,971)	(165)	46,610
Total comprehensive income for the year	2,477,383	2,137,739	1,010,811
Total comprehensive income for the year attributable to shareholders of Ultrapar	2,413,929	2,098,306	966,364
Total comprehensive income for the year attributable to non-controlling interests in subsidiaries	R$ 63454	R$ 39433	R$ 44447

Consolidated statement of chang

Consolidated statement of changes in equity - BRL (R$) R$ in Thousands	Total	Share capital	Equity instrument granted	Capital reserve	Treasury shares	Revaluation reserve on subsidiaries	Legal Reserves	Investments reserve	Accumulated other comprehensive income		Accumulated other comprehensive income	Cumulative translation adjustments	Retained earnings	Additional dividends to the minimum mandatory dividends	Shareholders of the Company	Non-controlling interests in subsidiaries
Beginning balance at Dec. 31, 2020	R$ 9910265	R$ 5171752	R$ 22404	R$ 594049	R$ 489068	R$ 4337	R$ 750010	R$ 3658265			R$ 464990	R$ 231596		R$ 55391	R$ 9533746	R$ 376519	[1]
Net income for the year	883,878												R$ 850463		850,463	33,415	[1]
Other comprehensive income:
Actuarial losses of post-employment benefits, net of income taxes	46,610
Other comprehensive income	126,933										42,852	73,049			115,901	11,032	[1]
Total comprehensive income for the year	1,010,811										42,852	73,049	850,463		966,364	44,447	[1]
Issuance of shares related to the subscription warrants - indemnification	1,819			1,819											1,819
Equity instrument granted	12,895		11,639	613	643										12,895
Realization of revaluation reserve of subsidiaries						(183)							183
Dividends prescribed	11,816												10,487		10,487	1,329	[1]
Gains arising from payments of fixed dividends to preferred shares of subsidiaries													971		971	(971)	[1]
Shareholder transaction - changes of ownership interest								11,641					(11,641)
Dividends attributable to non-controlling interests	(19,005)															(19,005)	[1]
Approval of additional dividends by the Ordinary General Meeting	(55,391)													(55,391)	(55,391)
Allocation of net income:
Legal reserve							42,523						(42,523)
Investments statutory reserve								403,970					(403,970)
Additional minimum mandatory dividend (R$ 0.28 per share)	(403,970)
Additional dividends (R$ 0.12 per share)	(185,896)
Proposed dividends	(185,896)												(185,896)		(185,896)
Interim dividends (R$ 0.25 per share)	(218,074)												(218,074)		(218,074)
Ending balance at Dec. 31, 2021	10,469,240	5,171,752	34,043	596,481	(488,425)	4,154	792,533	4,073,876	R$ 117493	[2]	R$ 422138	R$ 304645			10,066,921	402,319	[1]
Net income for the year	1,840,069												1,800,839		1,800,839	39,230	[1]
Other comprehensive income:
Actuarial losses of post-employment benefits, net of income taxes	(165)
Other comprehensive income	297,670								297,467	[2]					297,467	203	[1]
Total comprehensive income for the year	2,137,739								297,467	[2]			1,800,839		2,098,306	39,433	[1]
Issuance of shares related to the subscription warrants - indemnification	941			941											941
Equity instrument granted	20,734		9,944	2,039	8,751										20,734
Realization of revaluation reserve of subsidiaries						(179)							179
Dividends prescribed	2,948												2,948		2,948
Shareholder transaction - changes of ownership interest	(6,567)							(6)					286		280	(6,847)	[1]
Gain due to change in ownership interest	(2,423)															(2,423)	[1]
Capital increase attributable to non-controlling interests	35,182															35,182	[1]
Dividends attributable to non-controlling interests	(1,437)															(1,437)	[1]
Allocation of net income:
Legal reserve							90,042						(90,042)
Investments statutory reserve								1,154,691					(1,154,691)
Additional minimum mandatory dividend (R$ 0.28 per share)	(31,385)												(31,385)		(31,385)
Additional dividends (R$ 0.12 per share)	(78,130)												(78,130)	78,130
Interest on capital (R$ 0.41 per share)	(450,004)												(450,004)		(450,004)
Interim dividends (R$ 0.25 per share)	0
Ending balance at Dec. 31, 2022	12,174,968	5,171,752	43,987	599,461	(479,674)	3,975	882,575	5,228,561	179,974	[2]				78,130	11,708,741	466,227	[1]
Net income for the year	2,517,753												2,439,795		2,439,795	77,958	[1]
Other comprehensive income:
Actuarial losses of post-employment benefits, net of income taxes	(32,971)
Other comprehensive income	(40,370)								(25,866)						(25,866)	(14,504)
Total comprehensive income for the year	2,477,383								(25,866)				2,439,795		2,413,929	63,454	[1]
Issuance of shares related to the subscription warrants - indemnification	560			560											560
Equity instrument granted	38,909		31,938	(2,193)	9,164										38,909
Realization of revaluation reserve of subsidiaries	(113)					(173)							60		(113)
Capital increase with reserves		1,450,000					(882,575)	(567,425)
Loss due to change in ownership interest	(45)															(45)	[1]
Dividends prescribed	2,048												2,048		2,048
Special reserve for mandatory dividend not distributed to non-controlling shareholders	(11,145)															(11,145)	[1]
Shareholder transaction - changes of ownership interest	2							2							2
Capital increase attributable to non-controlling interests	24,303															24,303
Dividends attributable to non-controlling interests	(19,463)															(19,463)	[1]
Approval of additional dividends by the Ordinary General Meeting	(78,130)													(78,130)	(78,130)
Allocation of net income:
Legal reserve							121,990						(121,990)
Investments statutory reserve								1,606,431					(1,606,431)
Additional minimum mandatory dividend (R$ 0.28 per share)	(305,653)												(305,653)		(305,653)
Additional dividends (R$ 0.12 per share)	(134,031)												(134,031)	134,031
Interim dividends (R$ 0.25 per share)	(273,798)												R$ 273798		(273,798)
Ending balance at Dec. 31, 2023	R$ 14029826	R$ 6621752	R$ 75925	R$ 597828	R$ 470510	R$ 3802	R$ 121990	R$ 6267569	R$ 154108					R$ 134031	R$ 13506495	R$ 523331	[1]
[1] These amounts are substantially represented by non-controlling interests in Iconic. See note 11. Considers cumulative translation adjustment from discontinued operations. The accumulated effects were reclassified to income as a result of the sale of Oxiteno .

Consolidated statement of cha_2

Consolidated statement of changes in equity (Parenthetical) - R$ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated statements of changes in equity
Additional minimum mandatory dividend, per share	R$ 0.28	R$ 0.03
Additional dividends to the minimum mandatory dividends, per share	0.12	0.07
Interest on capital, per share		R$ 0.41
Proposed dividends, per share			R$ 0.17
Intermediary dividends, paid per share	R$ 0.25		R$ 0.2

Consolidated statement of cash

Consolidated statement of cash flows - indirect method - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income from continuing operations	R$ 2517753	R$ 1538211	R$ 818614
Adjustments to reconcile net income to cash provided by operating activities
Share of profit (loss) of joint ventures and associates	(11,908)	(12,181)	17,634
Amortization of contractual assets with customers – exclusivity rights	607,446	504,907	282,521
Amortization of right-of-use assets	305,900	288,419	260,716
Depreciation and amortization	848,894	738,904	660,199
Interest and foreign exchange rate variations	1,349,953	1,625,987	1,133,882
Deferred income and social contribution taxes	(335,375)	(296,459)	(242,246)
Current income and social contribution taxes	1,396,321	637,973	430,280
Gain (loss) on disposal or write-off of property, plant and equipment, intangible assets and other assets	(192,744)	(322,190)	(184,189)
Reversal (loss) allowance for expected credit losses	(27,190)	(49,989)	(3,123)
Provision (reversal) for losses with inventories	(14,895)	26,356	(826)
Provision for post-employment benefits	(2,893)	1,939	(2,393)
Equity instrument granted	38,909	9,944	9,364
Provision for decarbonization - CBIO	740,298	638,542	161,281
Provisions for tax, civil and labor risks	192,975	61,039	93,328
Other provisions and adjustments	(201)	5,448	2,332
Cash flows from operations before changes in working capital	7,413,243	5,396,850	3,437,374
(Increase) decrease in assets
Trade receivables and reseller financing	259,878	(779,239)	(956,779)
Inventories	645,301	(1,004,819)	(1,626,670)
Recoverable taxes	(1,201,440)	(2,056,104)	(826,133)
Dividends received from subsidiaries and joint ventures	12,041	146	1,005
Other assets	(87,797)	(224,379)	(19,392)
Increase (decrease) in liabilities
Trade payables and trade payables – reverse factoring	(1,700,496)	1,557,837	2,425,821
Salaries and related charges	30,965	130,586	63,066
Taxes payable	(25,027)	(9,442)	11,733
Other liabilities	218,523	677,016	(55,099)
Acquisition of CBIO	(778,885)	(635,130)	(176,837)
Payments of contractual assets with customers – exclusivity rights	(597,798)	(710,908)	(420,261)
Payments of contingencies	(70,128)	(84,939)	(24,351)
Income and social contribution taxes paid	(268,558)	(283,331)	(230,036)
Net cash provided by operating activities from continuing operations	3,849,822	1,974,144	1,603,441
Net cash provided by operating activities from discontinued operations	0	30,550	982,519
Net cash provided by operating activities	3,849,822	2,004,694	2,585,960
Cash flows from investing activities
Financial investments, net of redemptions	73,973	1,567,962	1,863,053
Acquisition of property, plant and equipment	(1,012,639)	(929,236)	(1,028,419)
Acquisition of intangible assets	(274,691)	(277,600)	(237,488)
Receipt of intercompany loan owed by Oxiteno S.A. to Ultrapar International	0	3,980,699	0
Net cash consumed by subsidiaries acquisition	(265,479)	(5,985)	0
Transactions with discontinued operations	0	987,895	0
Investment purchase and sale transactions and other assets	(38,143)	0
Initial direct costs of right-of-use assets	(20,503)	(12,120)	(14,905)
Receipt from related parties	0	0	2,334
Cash provided by disposal of investments and property, plant and equipment	512,827	2,839,676	322,494
Capital increase in subsidiaries, associates and joint ventures	0	(28,000)	(25,700)
Capital decrease in subsidiaries, associates, and joint ventures	3,100	0	1,500
Net cash provided (consumed) by investing activities from continuing operations	(1,021,555)	8,123,291	882,869
Net cash consumed by investing activities from discontinued operations	0	(220,190)	(158,733)
Net cash provided (consumed) by investing activities	(1,021,555)	7,903,101	724,136
Loans, financing and debentures
Proceeds	2,903,031	1,519,580	1,383,611
Repayments	(3,149,525)	(5,848,611)	(2,426,222)
Interest and derivatives paid	(1,267,447)	(1,398,229)	(733,791)
Payments of lease
Principal	(213,527)	(351,011)	(304,975)
Interest paid	(145,586)	(6,868)	(15,267)
Dividends paid	(400,025)	(638,280)	(705,753)
Proceeds from financial liabilities of customers	7,812	162,895	0
Payments of financial liabilities of customers	(197,891)	(173,948)	0
Capital increase made by non-controlling interests and redemption of shares	0	21,682	0
Related parties	(31,238)	(18,926)	(177)
Net cash consumed by financing activities from continuing operations	(2,494,396)	(6,731,716)	(2,802,574)
Net cash consumed by financing activities from discontinued operations	0	(179,025)	(552,967)
Net cash consumed by financing activities	(2,494,396)	(6,910,741)	(3,355,541)
Effect of exchange rate changes on cash and cash equivalents in foreign currency - continuing operations	(29,952)	(24,024)	(4,547)
Effect of exchange rate changes on cash and cash equivalents in foreign currency - discontinued operations	0	(19,316)	56,553
Increase in cash and cash equivalents - continuing operations	303,919	3,341,695	6,561
Decrease in cash and cash equivalents - discontinued operations	0	(387,981)	0
Cash and cash equivalents at the beginning of the year - continuing operations	5,621,769	2,280,074	2,661,494
Cash and cash equivalents at the beginning of the year - discontinued operations	0	387,981	0
Cash and cash equivalents at the end of the year - continuing operations	5,925,688	5,621,769	2,280,074
Cash and cash equivalents at the end of the year - discontinued operations	0	0	387,981
Non-cash transactions:
Contingent consideration – acquisition of subsidiaries	0	89,640	0
Addition on right-of-use assets and leases payable	257,201	482,439	227,977
Movement without cash effect of escrow deposits and provisions for tax, civil and labor risks	0	41,888	0
Addition on contractual assets with customers – exclusivity rights	66,565	63,061	269,725
Capital increase performed by non-controlling interests	0	13,519	0
Reversal fund - private pension	0	3,107	2,656
Transfer between trade receivables and property, plant and equipment	25,646	0	0
Issuance of shares related to the subscription warrants – indemnification – Extrafarma acquisition	411	942	1,819
Acquisition of property, plant and equipment and intangible assets without cash effect	R$ 104177	R$ 0	R$ 0

Operations

Operations	12 Months Ended
	Dec. 31, 2023
Disclosure of Operations [Abstract]
Operations	1 Ultrapar Participações S.A. (“Ultrapar” or “Company”) is a publicly-traded company headquartered at the Brigadeiro Luís Antônio Avenue, 1343 3 3 3 The Company engages in the investment of its own capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. Through its subsidiaries, it operates on liquefied petroleum gas – LPG distribution (“Ultragaz”), fuel distribution and related businesses (“Ipiranga” or “IPP”) and storage services for liquid bulk (“Ultracargo”). The information on segments is disclosed in Note 25 These financial statements were authorized for issuance by the Management on April , 2024 a. Principles of consolidation and interest in subsidiaries a. 1 In the preparation of the consolidated financial statements the investments of one Consolidation of a subsidiary begins when the Company obtains direct or indirect control over an entity and ceases when the company loses control. Income and expenses of a subsidiary acquired are included in the consolidated statements of income and of comprehensive income from the date the Company gains the control. Income and expenses of a subsidiary, in which the Company loses control, are included in the consolidated statements of income and of comprehensive income until the date the Company loses control. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Company’s accounting policies. a. 2 The consolidated financial statements include the following direct and indirect subsidiaries: % interest in the share capital 12/31/2023 12/31/2022 12/31/2021 Control Control Control Location Segment Direct Indirect Direct Indirect Direct Indirect Ipiranga Produtos de Petróleo S.A. Brazil Ipiranga 100 - 100 - 100 - am/pm Comestíveis Ltda. Brazil Ipiranga - 100 - 100 - 100 Icorban - Correspondente Bancário Ltda. Brazil Ipiranga - 100 - 100 - 100 Ipiranga Trading Limited British Virgin Islands Ipiranga - 100 - 100 - 100 Tropical Transportes Ipiranga Ltda. Brazil Ipiranga - 100 - 100 - 100 Ipiranga Imobiliária Ltda. Brazil Ipiranga - 100 - 100 - 100 Ipiranga Logística Ltda. Brazil Ipiranga - 100 - 100 - 100 Oil Trading Importadora e Exportadora Ltda. Brazil Ipiranga - 100 - 100 - 100 Iconic Lubrificantes S.A. Brazil Ipiranga - 56 - 56 - 56 Integra Frotas Ltda. Brazil Ipiranga - 100 - 100 - 100 Irupé Biocombustíveis Ltda. (13) Brazil Ipiranga - 100 - - - - Imaven Imóveis Ltda. (10) Brazil Others - - - 100 - 100 Imifarma Produtos Farmacêuticos e Cosméticos S.A. (15) Brazil Extrafarma - - - - - 100 Ultragaz Participações Ltda. Brazil Ultragaz 100 - 100 - - - Ultragaz Energia Ltda. and subsidiaries (4) Brazil Ultragaz - 100 - 100 - 100 Companhia Ultragaz S.A. (3) Brazil Ultragaz - 99 - 99 - 99 Nova Paraná Distribuidora de Gás Ltda. ( 1 Brazil Ultragaz - 100 - 100 - 100 Utingás Armazenadora S.A. Brazil Ultragaz - 57 - 57 - 57 Bahiana Distribuidora de Gás Ltda. Brazil Ultragaz - 100 - 100 - 100 LPG International Inc. ( 14 ) Cayman Islands Ultragaz - - - 100 - 100 NEOgás do Brasil Gas Natural Comprimido S.A. (5) Brazil Ultragaz - 100 - - - - UVC Investimentos Ltda Brazil Others 100 - 100 - - 99 Centro de Conveniências Millennium Ltda. and subsidiaries (12) Brazil Others - - 100 - 100 - Ultracargo - Operações Logísticas e Participações Ltda. Brazil Ultracargo 100 - 100 - 100 - Ultracargo Logística S.A. Brazil Ultracargo - 99 - 99 - 99 TEAS – Terminal Exportador de Álcool de Santos Ltda. (8) Brazil Ultracargo - - - 100 - 100 Ultracargo Soluções Logísticas S.A. (2) Brazil Ultracargo - 100 - 100 - 100 Ultrapar International S.A. Luxembourg Others 100 - 100 - 100 - SERMA - Ass. dos usuários equip. proc. de dados Brazil Others - - - 100 - 100 UVC - Fundo de investimento em participações multiestratégia investimento no exterior Brazil Others 100 - 100 - 100 - Imaven Imóveis Ltda. (10) Brazil Others 100 - - - Eaí Clube Automobilista S.A. Brazil Others 100 - 100 - 100 - Abastece Aí Participações S.A. (9) Brazil Others - 100 - - - - Abastece Aí Clube Automobilista Instituição de Pagamento Ltda (7) Brazil Others - 100 - - - - Ultrapar Mobilidade Ltda. (6) Brazil Others 100 - - - - - Serra Diesel Transportador Revendedor Retalhista Ltda. (11) Brazil Others - 60 - - - - Centro de Conveniências Millennium Ltda. and subsidiaries (12) Brazil Others - 100 - - - - Oxiteno S.A. Indústria e Comércio (16) Brazil Oxiteno - - - - 100 - Oxiteno Argentina Sociedad de Responsabilidad Ltda. Argentina Oxiteno - - - - - 100 Oleoquímica Indústria e Comércio de Produtos Químicos Ltda. Brazil Oxiteno - - - - - 100 Oxiteno Uruguay S.A. Uruguay Oxiteno - - - - - 100 Oxiteno México S.A. de C.V. Mexico Oxiteno - - - - - 100 Oxiteno Servicios Corporativos S.A. de C.V. Mexico Oxiteno - - - - - 100 Oxiteno Servicios Industriales S.A. de C.V. Mexico Oxiteno - - - - - 100 Oxiteno USA LLC United States Oxiteno - - - - - 100 Global Petroleum Products Trading Corp. (17) British Virgin Islands Oxiteno - - - - - 100 Oxiteno Europe SPRL Belgium Oxiteno - - - - - 100 Oxiteno Colombia S.A.S. Colombia Oxiteno - - - - - 100 Oxiteno Shanghai LTD. China Oxiteno - - - - - 100 Empresa Carioca de Produtos Químicos S.A. Brazil Oxiteno - - - - - 100 The percentages in the table above are rounded. ( 1 Non-operating company in closing phase. ( 2 On June 16, 2023, the name of subsidiary Vila do Conde S.A. was changed to S.A. ( 3 On August 1, 2022, the subsidiary S.A. (“ ”) became directly controlled by . In November 2022, became an of . ( 4 On November 18, 2022, the name of subsidiary . was changed to . ( 5 On November 21, 2022, through its subsidiary S.A., signed an agreement for the acquisition of all shares of do Natural S.A. The closing of the acquisition occurred on February 1, 2023. ( 6 Company established on February 28, 2023, with the purpose of holding interests in other companies. On October 2, 2023, the name of subsidiary . was changed to . ( 7 On April 13, 2023, the company was acquired by S.A. The acquisition was made at book value. ( 8 On April 27, 2023, the Company was merged into S.A. ( 9 Company established on June 1, 2023 with the purpose of holding interests in other companies. ( 10 On April 28, 2023, . (“ ”), performed a partial spin-off of its assets, and the spin-off part was merged into the equity of the subsidiary de S.A. On May 1, became directly controlled by . The entire transaction was carried out under common control. ( 11 On May 21, 2023, the Company, through its subsidiary ., signed an agreement for the acquisition of a 60% interest in Serra Diesel . The closing of the transaction occurred on September 1, 2023. ( 12 On October 2, 2023, de Millennium . and subsidiaries became directly controlled by . ( 13 Company established on October 2, 2023, engaged in the production, sale, import and export of , fertilizers and other agricultural inputs. ( 14 On June 30, 2023, the Company was dissolved. ( 15 On May 18, 2021, the Company announced the signing of an agreement for the sale of all shares of to . As of December 31, 2021, the Company reclassified the subsidiary’s balances to “assets and liabilities held for sale”, being the transaction closed on August 1, 2022 after the fulfillment of all conditions precedent. For further details, see note 29. ( 16 On August 16, 2021, the Company announced the signing of an agreement for the sale of its interest in S.A. to . As of December 31, 2021, the Company reclassified the subsidiary’s balances to “assets and liabilities held for sale”. On April 1, 2022, the transaction was consummated. For further details, see note 29. ( 17 On January 27, 2022, the subsidiary Global Petroleum Products Trading Corp (“GPPT”) was dissolved. The main events occurred in the year are presented on Note 28

Basis of preparation and presen

Basis of preparation and presentation of the consolidated financial statements and significant accounting policies	12 Months Ended
	Dec. 31, 2023
Disclosure of Presentation of Financial Statements and Summary of Significant Accounting Policies [Abstract]
Basis of preparation and presentation of the consolidated financial statements and significant accounting policies	2 Basis of preparation and presentation of the consolidated financial statements The consolidated financial statements (“financial statements”) have been prepared in accordance with the International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board ( All relevant specific information of the financial statements, and only this information, was presented and corresponds to that used by the Company’s and its subsidiaries’ Management. The presentation currency of the Company’s financial statements is the Brazilian Real, which is the Company’s functional currency, unless otherwise stated. The preparation of the financial statements requires management to make judgments, use estimates and adopt assumptions in the application of accounting policies that affect the presented amounts of income, expenses, assets and liabilities, including contingent liabilities. The uncertainty related to these judgments, assumptions and estimates could lead to results that require a significant adjustment to the carrying amount of certain assets and liabilities in future years. Certain comparative amounts in the consolidated statement of financial position, the consolidated statements of income, comprehensive income, changes in equity, and cash flows and in the related notes have been aggregated and re-presented to conform with current year presentation. The financial statements have been prepared on a historical cost basis, except for the following material items recognized in the statements of financial position: (i) derivative and non-derivative financial instruments measured at fair value; (ii) share-based payments and employee benefits measured at fair value; (iii) deemed cost of property, plant and equipment. The Company and its subsidiaries applied the material accounting policies described below in a consistent manner for all years presented in these financial statements. a. Revenue recognition Revenues from sales and services rendered under contracts with customers are recognized on the accrual basis when, or as, performance obligations are satisfied by transferring the control of a promised good or service to a customer in such a way that the customer obtains substantially all rewards generated, according to incoterms of each transaction, and when it is highly probable that the Company and its subsidiaries will receive the consideration in exchange for the transferred goods or services. The Company and its subsidiaries recognize revenue under the 5 15 1 2 3 4 5 Revenue is measured and stated at the fair value of the consideration to which the Company and its subsidiaries expect to be entitled to, less returns, discounts, rebates, sales taxes, amortization of assets from contracts with customers, and other deductions, if applicable. The Company’s subsidiaries do not have obligations for return or refund in their contracts with customers and do not have significant financing component that directly impacts the determination of the expected consideration. At Ipiranga, the revenue from sales of fuels and lubricants is recognized when the products are delivered to gas stations and to large consumers. Deferred revenue from loyalty program is recognized in the statement of income when the points are redeemed, on which occasion the costs incurred are also recognized in profit or loss, or when points expire. Amortization of contractual assets with customers for the exclusive rights in Ipiranga’s reseller service stations and the bonuses paid in performance obligation sales are recognized in the statement of income as a deduction of the revenue from sale, according to the conditions established in the agreements which is reviewed as per the changes occurred in the agreements (see Notes 2 10 25 b. Cash and cash equivalents Includes cash, bank deposits, and short-term up to 90 three 4 c. Financial assets The Company and its subsidiaries evaluated the classification and measurement of financial assets based on its business model of financial assets as follows: Amortized cost: financial assets held in order to collect contractual cash flows, solely principal and interest. The interest earned and the foreign currency exchange variation are recognized in profit or loss and balances are stated at amortized cost using the effective interest rate method. The financial investments in Bank Certificates of Deposit (“CDB”) and repurchase agreements are classified as measured at amortized cost. Measured at fair value through other comprehensive income: financial assets that are acquired or originated for the purpose of collecting contractual cash flows or selling financial assets. The balances are stated at fair value, and the interest earned and the foreign currency exchange variation are recognized in profit or loss. Differences between fair value and initial amount of financial investments plus the interest earned and the exchange variation are recognized in equity under “Accumulated other comprehensive income”. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement. Measured at fair value through profit or loss: financial assets that were not classified as amortized cost or as measured at fair value through other comprehensive income. The balances are stated at fair value and both the interest earned and the exchange variations and changes in fair value are recognized in the statement of income. Investment funds and derivatives are classified as measured at fair value through profit or loss. The Company and its subsidiaries use financial instruments for hedging purposes, applying the concepts described below: Hedge accounting – fair value hedge: financial instruments used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect the entity’s statement of income. In the initial designation of the fair value hedge, the relationship between the hedging instrument and the hedged item is documented, including the objectives of risk management, the strategy in conducting the transaction, and the methods to be used to evaluate its effectiveness. Once the fair value hedge has been qualified as effective, the hedged item is also measured at fair value. Gains and losses from hedge instruments and hedged items are recognized in the statement of income. The hedge accounting must be discontinued when the hedge becomes ineffective. Hedge accounting – cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction or firm commitment that may affect the statement of income. The portion of the gain or loss on the hedging instrument that is determined to be effective relating to the exchange rate effect is recognized directly in equity under “Accumulated other comprehensive income”, while the ineffective portion is recognized in the statement of income. Gains or losses on the hedging instrument relating to the effective portion of this hedge that had been recognized directly in accumulated other comprehensive income is recognized in profit or loss in the period in which the hedged item is recognized in profit or loss or as initial cost of non-financial assets, in the same line item of the statement that the hedged item is recognized. The hedge accounting shall be discontinued when (i) the hedging relationship is canceled; (ii) the hedging instrument expires; and (iii) the hedging instrument no longer qualifies for hedge accounting. When hedge accounting is discontinued, gains and losses recognized in equity in other comprehensive income are reclassified to the statement of income in the period which the hedged item is recognized in profit or loss. If the transaction hedged is canceled or is not expected to occur, the cumulative gains and losses in equity in other comprehensive income shall be recognized immediately in profit or loss. Hedge accounting – hedge of net investments in foreign operations: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company. The portion of the gain or loss on the hedging instrument that is determined to be effective, referring to the exchange rate effect, is recognized directly in equity under “Accumulated other comprehensive income”, while the ineffective portion and the operating costs are recognized in the statement of income. The gain or loss on the hedging instrument that has been recognized directly in accumulated other comprehensive income shall be recognized in the statement of income when the disposal of the foreign subsidiary occurs. For further information on financial instruments, see Note 26 d. Trade receivables and reseller financing Trade receivables are recognized at the amount invoiced to the counterparty that the Company subsidiaries are entitled (see Notes 5 26 3 12 Reseller financing is provided at subsidized rates for renovation and upgrading of service stations, purchase of products and development of the automotive fuels and lubricants distribution market (see Note 5 26 3 e. Inventories Inventories are stated at the lower of acquisition cost or net realizable value (see Note 6 f. Contractual assets with customers - exclusive rights Exclusive rights disbursements as provided in Ipiranga’s agreements with reseller service stations and major consumers are recognized as contractual assets with customers when paid and amortized according to the conditions established in the agreements (see Note 10 g. Assets and liabilities held for sale and discontinued operations Non-current assets and related liabilities are classified as held for sale if it is highly probable that their book value will be recovered, primarily, through a sale transaction rather than continued use. The classification criteria are met only when the sale is highly probable, the asset or group of assets is held for immediate sale in its current condition and the sale is expected to occur within 12 A line of business or subsidiary is classified as discontinued operation when the sale of a component of the company that represents an important separate line of business or when the operation meets the criteria to be classified as held for sale, if occurs before, being its results and cash flows presented separately based on the classification of the respective assets and liabilities as held for sale. Assets and liabilities held for sale and discontinued operations are measured at the lower of the book value and fair value, net of selling expenses, and presented separately in the statement of financial position. h. Investments Investments in associates and joint ventures are accounted for under the equity method of accounting in the financial statements (see Note 11 Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary. i . Right-of-use assets and leases payable The Company and its subsidiaries recognized in the statement of financial position right-of-use assets and the respective lease liabilities initially measured at the present value of future lease payments, discounted by the incremental loan rate of the Company, considering the related contract costs (see Note 12 2 Right-of-use assets include amounts related to area port leases grants. The Company and its subsidiaries apply the recognition exemptions to short-term leases of twelve months or less and lease contracts of low-value assets, which do not have purchase option at the end of the contract. In these cases, the recognition of the lease expense in the statement of income is on a straight-line basis. j. Property, plant and equipment PP&E is recognized at acquisition or construction cost, including capitalization of right-of-use assets amortization and financial charges incurred on PP&E under construction, as well as qualifying maintenance costs resulting from scheduled plant outages and estimated costs to remove, to decommission, or to restore assets, less accumulated depreciation and, when applicable, less provision for impairment (see Note 13 Depreciation is calculated using the straight-line method, over the periods mentioned in Note 13 Leasehold improvements are depreciated over the shorter of the lease contract term and useful life of the property. k. Intangible assets Intangible assets include assets acquired by the Company and its subsidiaries from third parties, and are recognized according to the criteria below: Goodwill is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identifiable assets and liabilities assumed of the acquired entity. Goodwill is tested for impairment annually, or more frequently when there is indication that the goodwill might be impaired. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is monitored for impairment testing purposes (see Note 14 Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the total acquisition cost and amortized using the straight-line method, over the periods mentioned in Note 14 The decarbonization credits (“CBIOS”) acquired are recorded at historical cost in intangible assets, being prescribed according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) and are not amortized. These assets are used to settle the annual decarbonization obligation adopted by Brazilian National Biofuels Policy (“RenovaBio”), implemented by Law No. 13,576 2017 9,888 2019 419 3 14 The Company and its subsidiaries have not recognized intangible assets that were generated internally. The Company and its subsidiaries have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life (see Note 14 l. Recognition of tax credits The accounting policy applied by the Company considers relevant estimates and judgments for the tax credits recognition and for estimating its recovery. The tax credits are recorded only when management has elements that ensure (i) that the credit is a legal right; (ii) the amount could be estimated with sufficient reliability to enable it to be compensated or refunded; and (iii) the amounts is recoverable through either offsetting with other tax credits or a tax refund. In cases where the recovery of the asset is not probable, or the amount cannot be reliably measured, the amounts are not recognized, or a provision is recorded. m. Financial liabilities The financial liabilities include trade payables, trade payables - reverse factoring, other payables, financing, loans, debentures, leases payable and derivative financial instruments used as hedging instruments. Financial liabilities are classified as “financial liabilities at fair value through profit or loss” or “financial liabilities at amortized cost”. The financial liabilities at fair value through profit or loss refer to derivative financial instruments and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note 2 Transaction costs incurred and directly attributable to the activities necessary for contracting loans or for issuing bonds, as well as premiums and discounts upon issuance of debentures and other debt, are allocated to the instrument and amortized in the statement of income taking into account its term, using the effective interest rate method (see Note 15 n. Income and social contribution taxes on income Current and deferred income tax (“IRPJ”) and social contribution on net income tax (“CSLL”) are calculated based on their current rates. For the calculation of current IRPJ, the value of tax incentives is also considered. At the end of the fiscal year the portion of the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve in subsidiaries’ equity and is excluded from the dividend calculation base and subsequently capitalized. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are 25% for IRPJ and 9% for CSLL. A provision is recognized for those matters for which the tax determination is uncertain, but it is considered probable that there will be a future outflow of funds to a tax authority. The provisions are measured at the best estimate of the amount expected to become payable. The assessment is based on the judgement of tax professionals within the Company supported by previous experience in respect of such activities and in certain cases based on specialist independent tax advice. Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized. Such assets and liabilities are not recognized if the temporary difference arises from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. In addition, a deferred tax liability is not recognized if the temporary difference arises from the initial recognition of goodwill. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. For purposes of disclosure deferred tax assets were offset against the deferred tax liabilities, in the same taxable entity and the same tax authority. Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case the current and deferred tax are also recognized in other comprehensive income or directly in equity, respectively. Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination. For further information about recognition and realization of IRPJ and CSLL see Note 9 o. Provisions for tax, civil, labor risks , contingent liabilities and contingent assets The provisions for tax, civil, and labor risks are recognized when there is a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. The estimate is determined by Management, supported by the assessment of internal and external legal counsel, and the amounts are recognized based on the evaluation of the outcomes of the legal proceedings (see Note 18 When the risk of a loss is classified as possible, a provision is not recognized but disclosed in the notes to the financial statements. An entity shall not recognize a contingent asset. Contingent assets usually arise from unplanned or other unexpected events that give rise to the possibility of an inflow of economic benefits to the entity. Contingent assets are not recognized in financial statements since this may result in the recognition of income that may never be realized. However, when the realization of income is virtually certain, then the related asset is not a contingent asset, and its recognition is appropriate. A contingent asset is disclosed where an inflow of economic benefits is probable. p. Post-employment benefits Post-employment benefits granted and to be granted to employees, retirees, and pensioners are based on an actuarial calculation prepared by an independent actuary and reviewed by management, using the projected unit credit method (see Note 17 q. Other liabilities Other liabilities are stated at known or measurable amounts and changes in exchange rates incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction. r. Foreign currency transactions Foreign currency transactions carried out by the Company and its subsidiaries are remeasured into their functional currency at the exchange rate prevailing at the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange rate at the date of the financial statements. The effect of the difference between those exchange rates is recognized in financial results until the conclusion of each transaction. s. Basis for translation of financial statements of foreign subsidiaries s. 1 Assets and liabilities of foreign subsidiaries whose functional currency is different from the Brazilian real, which have administrative autonomy, with a low level of transactions with the Parent company, whose cash flows do not directly impact the Parent company's cash flow and are not readily available to it, and if the cash flows from foreign operations are sufficient to provide for existing or normally expected debt obligations without resources being provided by the Parent company, are translated using the exchange rate at the date of the financial statements. Revenues and expenses are translated using the average exchange rate of each year and equity is translated at the historical exchange rate of each transaction affecting equity. Gains and losses resulting from changes in these foreign investments are recognized directly in equity in other comprehensive income in the account “Cumulative translation adjustments” and will be recognized in profit or loss if and when these investments are disposed of. As of December 31, 2023 and 2022, the Company does not have foreign subsidiaries with administrative authority. On December 31, 2021 the cumulative translation adjustment totaled R$ 304,645 related to the subsidiary Oxiteno, which in April 1, 2022 was saled to Indorama, therefore the cumulative translation adjustment was reclassified to income as part of discontinued operations (see note 29 for more information). As of December 31, 2023 and 2022, there were no foreign subsidiaries with administrative authority. s. 2 The Company has foreign subsidiaries without administrative authority. Such foreign subsidiaries are considered an extension of the activities of their Parent company and are remeasured using the exchange rate at the date of the financial statements. Gains and losses resulting from changes in these foreign investments are directly recognized as financial result. t. Critical accounting judgements and key sources of estimation uncertainty The preparation of the financial statements requires the use of estimates, assumptions, and judgments for the accounting and disclosure of certain assets, liabilities, and profit or loss. Therefore, the Company and subsidiaries’ management use the best information available at the date of preparation of the financial statements, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically. t. 1 Critical judgements in applying the Group’s accounting policies The following are the critical judgements, apart from those involving estimations (which are presented separately below), that Management has made in the process of applying the Group’s accounting policies and that have the most significant effect on the amounts recognized in financial statements the determination of control in subsidiaries (Notes 2 2 11 2 11 2 11 29 2 2 2 t. 2 Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are discussed below. The estimates of realization of deferred taxes assets (Notes 2.n and 9.a), recognition of tax credits (Note 7), impairment of property, plant and equipment and intangible assets, including goodwill (Notes 2.k, 2.v and 14.a), provisions for tax, civil, and labor risks (Notes 2.o and 18), and business combinations (Notes 2.v and 28). The actual result of the transactions and information may differ from their estimates. u. Impairment of property, plant and equipment and intangible assets, including goodwill The Company and its subsidiaries review in every reporting period the existence of any indication that an asset may be impaired. To intangible assets with indefinite useful life the review is done annually or more frequently when there is indication that such assets might be impaired. If there is an indication of impairment, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash inflow from continuous use and that are largely independent of cash flows of other assets (cash generating units, “CGU”). The identified CGUs for the evaluation of impairment are similar to reported segments on financial statements. The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling expenses and their value in use. The fair value less costs to sell is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs, and taxes. To assess the value in use, the projections of future cash flows, trends, and outlooks, as well as the effects of obsolescence, demand, competition, and other economic factors were considered. Such cash flows are discounted to their present values using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment losses are reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized. As of December 31, 2023, the Company and its subsidiaries did not record any losses with impairment of assets. In 2022 the Company, through its subsidiary Ipiranga, sold its subsidiary Imifarma Produtos Farmacêuticos e Cosméticos S.A. (“Extrafarma”). See Note 29. v. Business combination and acquisition of interest in joint-ventures and associates A business combination is accounted for applying the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired, and liabilities assumed are measured in order to classify and allocate them according to the contractual terms, economic circumstances and relevant conditions on the acquisition date. The non-controlling interest in the acquired company is measured based on its interest in net assets identified in the acquired company. Goodwill is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the Company’s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the statement of income. Costs related to the acquisitions are recorded in the statement of income when incurred. Similar procedures are taken for acquisition of joint-ventures and associates, however the goodwill is presented within “Investments in joint-ventures and associates” on the statement of financial position and the subsequent effects of the assets and liabilities allocated as part of the acquisition are recognized within “Share of profit (loss) of joint-ventures and associates” on the statement of income. For further details, see Note 28. Business combination between entities under common control Business combinations between entities under common control have not been addressed under IFRS and how they should be disclosed remains unclear. IFRS 3 Predecessor basis of accounting In accordance with IAS 8 Under the predecessor basis of accounting, when accounting for a transfer of assets between entities under common control, the entity that receives the net assets or the equity interests (the acquirer) shall initially record the assets and liabilities transferred at their parent book value as at the transfer date. If the book value of the assets and liabilities transferred by the parent is different from the historical cost recorded by the controlling entity of the entities under common control (the ultimate parent), the financial statements of the acquirer shall reflect the assets and liabilities transferred at the same cost of the ultimate parent, as a counter-entry to shareholders' equity against the carrying value adjustments. w . Statements of cash flows The Company and its subsidiaries present the interest paid on loans, financing, debentures, and leases payable in financing activities and present financial investments, net of redemptions, are presented in investing activities, dividends received are presented in operating activities. x . Financial liabilities of customers Refers to contractual obligations of payments in installments of exclusivity rights with customers of subsidiary Ipiranga, where there was the anticipation of these receivables by customers with certain financial institutions. Ipiranga as guarantor of the operation, assumes the payment of installments falling due with the financial institution in exchange for the right of exclusivity with the customers (see Note 10 Considering that the average term of maturity of these obligations is 50 monthly installments and the amounts do not bear interest, the Company recorded an adjustment to present value with a corresponding entry in “Contractual assets with customers - exclusivity rights”. Interest over the financial liability is recognized through “Financial expense” in the statement of income using the effective interest rate method, which consider an average rate of

New accounting policies and cha

New accounting policies and changes in accounting policies	12 Months Ended
	Dec. 31, 2023
Disclosure of New accounting policies and changes in accounting policies [Abstract]
New accounting policies and changes in accounting policies	3 New accounting policies and changes in accounting policies The accounting policies have been consistently applied to all consolidated companies and are consistent with those used in the parent. The Company evaluated and, when necessary, applied for the first time the new standards and interpretations issued by the International Accounting Standards Board (IASB) listed in item 3 These financial statements were prepared using information from Ultrapar and its subsidiaries on the same base date, as well as consistent accounting policies and practices. In 2023 9 26 a. New accounting policies and changes in accounting policies The new standards and interpretations issued, up to the issuance of the Company's individual and consolidated financial statements, are described below. a. 1 The following new standards, amendments to standards and interpretations of IFRS issued by the IASB and effective on/after January 1, 2023, had no significant impact on the financial statements for the year ended December 31, 2023: IAS 1 2 IAS 8 IAS 12 IAS 12 Two IFRS 17 a. 2 The following new standards, amendments to standards and interpretations of IFRS issued by the IASB were not adopted since they are not effective in the year ended December 31, 2023. The Company and its subsidiaries plan to adopt these new standards, amendments, and interpretations, if applicable, when they become effective, and they do not expect a material impact of their adoption on their future individual and consolidated financial statements. IFRS 16 2 IAS 1 IFRS 10 28 IFRS 7 7 IAS 1

Cash and cash equivalents, fina

Cash and cash equivalents, financial investments and derivative financial instruments	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents, financial investments and derivative financial instruments
Cash and cash equivalents, financial investments and derivative financial instruments	4 investments and derivative financial instruments Cash equivalents and financial investments, excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of financial institutions linked to interest rate of the DI, in repurchase agreement, financial bills, private securities and in short-term investment funds, whose portfolio is comprised of Brazilian Federal Government bonds and certificates of deposit of financial institutions; (ii) outside Brazil, in certificates of deposit of financial institutions and in short-term investment funds, whose portfolio is comprised of Federal Government bonds; and (iii) in currency and interest rate hedging instruments. The financial assets were classified based on business model of the Company and its subsidiaries and are disclosed in Note 26 The breakdown of cash and cash equivalents and financial investments is as follows: a. Cash and cash equivalents Cash and cash equivalents are presented as follows: 12/31/2023 12/31/2022 Cash and bank deposits In local currency 77,488 105,986 In foreign currency 47,664 5,811 Financial investments considered cash equivalents In local currency Securities and funds in local currency 5,476,726 5,204,766 In foreign currency Securities and funds in foreign currency 323,810 305,206 Total cash and cash equivalents 5,925,688 5,621,769 b. Financial investments and derivative financial instruments The financial investments that are not classified as cash and cash equivalents and derivative financial instruments are presented as follows: 12/31/2023 12/31/2022 Financial investments In local currency Securities and funds in local currency 82,592 406,683 Derivative financial instruments and other financial assets at fair value (a) 1,162,283 556,510 Total financial investments and derivative financial instruments 1,244,875 963,193 Current 292,934 520,352 Non-current 951,941 442,841 (a) Accumulated gains, net of withholding income tax (see Note 26

Trade receivables, reseller fin

Trade receivables, reseller financing and other receivables	12 Months Ended
	Dec. 31, 2023
Trade receivables, reseller financing and other receivables
Trade receivables, reseller financing and other receivables	5 Trade receivables, reseller financing and other receivables a. Trade receivables The breakdown of trade receivables is as follows: 12/31/2023 12/31/2022 Domestic customers 4,183,696 4,527,167 Domestic customers - related parties (see note 8 .2 78 64 Foreign customers 82,634 3,401 Foreign customers - related parties (see note 8 .2 3,065 2,695 4,269,473 4,533,327 (-) Allowance for expected credit losses (334,467 ) (322,753 ) Total 3,935,006 4,210,574 Current 3,921,790 4,149,111 Non-current 13,216 61,463 The breakdown of trade receivables, gross of allowance for expected credit losses, is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 4,269,473 3,538,087 52,561 52,089 15,976 34,157 576,603 12/31/2022 4,533,327 3,930,178 20,873 18,741 21,482 46,586 495,467 The breakdown of the allowance for expected credit losses is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 334,467 15,866 3,088 1,984 1,851 11,088 300,590 12/31/2022 322,753 21,425 1,747 1,384 4,913 15,222 278,062 Movements in the allowance for expected credit losses are as follows: Balance as of December 31, 2020 382,096 Additions 177,872 Reversals (150,160 ) Write-offs (18,646 ) Reclassification to assets held for sale (16,807 ) Balance as of December 31, 2021 374,355 Additions 143,828 Reversals (130,385 ) Write-offs (65,045 ) Balance as of December 31, 2022 322,753 Additions 115,090 Reversals (76,762 ) Write-offs (26,614 ) Balance as of December 31, 2023 334,467 For further information on the allowance for expected credit losses, see Note 2 6 .d. 3 b. Reseller financing The breakdown of reseller financing is comprised as follows: 12/31/2023 12/31/2022 Reseller financing – Ipiranga 1,189,886 1,234,634 (-) Allowance for expected credit losses (134,383 ) (173,287 ) 1,055,503 1,061,347 Current 504,862 559,825 Non-current 550,641 501,522 The breakdown of reseller financing, gross of allowance for expected credit losses, is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 1,189,886 874,191 8,890 5,664 7,869 13,273 279,999 12/31/2022 1,234,634 826,210 8,944 3,892 11,040 11,943 372,605 The breakdown of the allowance for expected credit losses is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 134,383 8,265 1,595 857 1,795 4,521 117,350 12/31/2022 173,287 1,327 483 1,132 3,704 4,937 161,704 Movements in the allowance for expected credit losses are as follows: Balance as of December 31, 2020 197,011 Additions 65,536 Reversals (68,982 ) Write-offs (8,287 ) Balance as of December 31, 2021 185,278 Additions 45,987 Reversals (52,695 ) Write-offs (5,283 ) Balance as of December 31, 2022 173,287 Additions 28,472 Reversals (59,436 ) Write-offs (7,940 ) Balance as of December 31, 2023 134,383 c. Trade receivables - sale of subsidiaries The breakdown of other receivables is comprised as follows: 12/31/2023 12/31/2022 Sale of subsidiary Oxiteno: Receivables from sale of investments (i) 726,195 782,655 (-) Adjustment to present value - sale of investments (ii) (10,318 ) (55,598 ) Sale of subsidiary Extrafarma: Receivables from sale of investments (iii) 208,487 369,508 924,364 1,096,565 Current 924,364 184,754 Non-current ‐ 911,811 ( i ) Refers to the final installment of the sale of Oxiteno , in the amount of USD 150 Oxiteno to Ultrapar International. (ii) The consideration for the sale of Oxiteno was recognized at present value using a discount rate of 6.1741%. The amount as of December 31, 2023 includes present value realization and exchange variation of transaction closing date until December 31, 2023. (iii) Refers to part of the payment of the Extrafarma sale transaction, in two installments of equal value, being the first settled in August 2023, and the second maturing in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a. Extrafarma to parent Ultrapar.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Classes of current inventories [abstract]
Inventories	6 The breakdown of inventories, net of provision for losses, is shown below: 12/31/2023 12/31/2022 Fuels, lubricants, and greases 3,367,094 3,782,522 Raw materials 282,197 380,993 Liquified petroleum gas - LPG 112,100 143,516 Consumable materials and other items for resale 121,537 125,239 Purchase for future delivery (1) 386,281 453,817 Properties for resale 22,222 19,996 4,291,431 4,906,083 (1) Refers substantially to ethanol, biodiesel, and advances for fuel acquisition. Movements in the provision for losses are as follows: Balance as of December 31, 2020 40,993 Addition to provision for adjustment to realizable value 5,974 Reversal of provision for obsolescence and other losses (5,184 ) Reclassification to assets held for sale (28,705 ) Balance as of December 31, 2021 13,078 Addition to provision for adjustment to realizable value 10,028 Reversal of provision for obsolescence and other losses (1,180 ) Balance as of December 31, 2022 21,926 Reversal of provision for obsolescence and other losses (8,301 ) Reversal of provision for adjustment to realizable value (6,594 ) Balance as of December 31, 2023 7,031

Recoverable taxes

Recoverable taxes	12 Months Ended
	Dec. 31, 2023
Recoverable taxes
Recoverable taxes	7 a. Recoverable taxes Recoverable taxes are substantially represented by credits of Tax on Goods and Services (“ICMS”, the Brazilian VAT), Contribution for Social Security Financing (“COFINS”) and Social Integration Program (“PIS”). 12/31/2023 12/31/2022 ICMS - State VAT (a .1 1,365,128 1,312,990 PIS and COFINS - Federal VAT (a .2 2,761,262 2,410,736 Others 77,249 59,545 Total 4,203,639 3,783,271 Current 1,462,269 1,610,312 Non-current 2,741,370 2,172,959 a. 1 Tax credits recognized are mainly related to the following nature: a) transactions of inputs and outputs of products subject to taxation of the own ICMS; b) interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (Petróleo Brasileiro S.A. (“Petrobras”)); c) credits for refunds of the ICMS-ST (tax substitution) overpaid when the estimated calculation base used is higher than that of the actual operation performed. In the second quarter of 2023 192 22 The amounts of recoverable ICMS are realized by the operation subjected to taxes itself, being a revolving credit, which means that the credits are monthly offset against the tax payable on sales and new credits are generated by the acquisition of inputs, as well as by the State's refund on tax substitution operations. Management estimates the realization of the credits classified in non-current assets within a term of up to 5 years. The estimated recovery of ICMS credits is stated as follows: Up to 1 508,145 From 1 2 381,560 From 2 3 238,701 From 3 5 236,722 Total recoverable ICMS, net of provision 1,365,128 The provision for ICMS losses, in the amount of R$ 49,732 (R$ 59,868 as of December 31, 2022), relates to tax credit of the subsidiaries whose amounts are not included within the term determined by its internal policies of provisioning. a. 2 ICMS in the PIS and COFINS calculation basis - 10,637 02 10,833 03 Supplementary Law 192 192 22 9 zero On May 18, 2022, Provisional Act 1,118 22 192 22 7181 1,118 22 1,118 22 90 Due to such court injunction and the non-conversion of Provisional Act 1,118 22 192 22 192 22 90 1,118 22 As of December 31, 2023, the Company reassessed the estimated realization of its tax credits and recognized in the statement of income of 2023 on subsidiary credits in the amount of R$ related to LC 192 / 22 . The Company, through its subsidiaries Ipiranga and Bahiana, has credits in the amount of R$ 1,088,303 (R$ 971,373 as of December 31, 2022) from the LC 192 22 The estimated recovery of PIS and COFINS credits is as follows: Up to 1 876,876 From 1 2 565,008 From 2 3 640,791 From 3 4 350,942 From 4 5 327,645 Total recoverable PIS and COFINS 2,761,262 b. Recoverable income and social contribution taxes Relates to IRPJ and CSLL to be recovered by the Company and its subsidiaries, arising from the tax advances of previous years, as well as lawsuits on the non-levy of IRPJ and CSLL on the monetary variation (SELIC) in the repetition of undue payments. The Management estimates the realization of these credits within up to 5 years. 12/31/2023 12/31/2022 IRPJ and CSLL 396,405 499,517 Current 171,051 96,134 Non-current 225,354 403,383

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Related Parties	8 Related parties a. Related parties Balances and transactions between the Company and its subsidiaries have been eliminated in consolidation and are not disclosed in this note a. 2 12/31/2023 Loan (1) Commercial transactions Trading transactions Assets Liabilities Trade receivables Trade payables Sales and services provided Purchases Química da Bahia Indústria e Comércio S.A. - 2,875 - - - - Refinaria de Petróleo Riograndense S.A. - - - 29,278 - 510,510 União Vopak Armazéns Gerais Ltda. - - 32 - 571 - Latitude Logística Portuária S.A. 11,393 - - 20 - - Nordeste Logistica I S.A. 6,842 - - 24 - - Nordeste Logistica III S.A. - - - 18 - - Navegantes Logística Portuária S.A. 13,657 - 46 - - - Chevron (Thailand) Limited (2) - - - - 483 - Chevron Latin America Marketing LLC ( 2 - - 73 - - - Chevron Lubricants Oils S.A. ( 2 - - 353 - 353 - Chevron Marine Products ( 2 - - 2,495 - 13,228 - Chevron Oronite Brasil Ltda. ( 2 - - - 53,466 - 175,053 Chevron Products Company ( 2 - - - 63,263 - 370,137 Chevron Belgium NV ( 2 - - - 1,346 - 27,306 Chevron Brasil Óleo e Gás Ltda. ( 2 - - - 37 - - Chevron Lubricants Lanka PLC ( 2 - - 144 - 144 - MLF Holding Ltda. ( 3 - - - - - 59 Others - 243 - - - - Total 31,892 3,118 3,143 147,452 14,779 1,083,065 ( 1 Loans contracted have indefinite terms and do not contain remuneration clauses. ( 2 Non-controlling shareholders and other related parties of Iconic. ( 3 Non-controlling shareholders and other related parties of Serra Diesel. 12/31/2022 12/31/2022 Loan ( 1 Commercial transactions Trading transactions Assets Liabilities Trade receivables Trade payables Sales and services provided Purchases Química da Bahia Indústria e Comércio S.A. - 2,875 - - - - Refinaria de Petróleo Riograndense S.A. - - - 26,062 - 336,781 União Vopak Armazéns Gerais Ltda. - - 61 - 784 - Latitude Logística Portuária S.A. - - 3 346 - - Nordeste Logistica I S.A. - - - 22 - - Nordeste Logistica III S.A. - - - 17 - - Chevron (Thailand) Limited ( 2 - - - 113 - 832 Chevron Latin America Marketing LLC ( 2 - - 34 - - - Chevron Lubricants Oils S.A. ( 2 - - 403 - 930 - Chevron Marine Products ( 2 - - 1,950 - 14,068 - Chevron Oronite Brasil Ltda. ( 2 - - - 53,912 - 162,006 Chevron Products Company ( 2 - - - 178,846 - 699,154 Chevron Belgium NV ( 2 - - - 326 - 13,053 Chevron Petroleum CO Colombia ( 2 - - 220 - 220 - Chevron Lubricants Lanka PLC ( 2 - - 88 - 88 - Others - 617 - - - - Total - 3,492 2,759 259,644 16,090 1,211,826 ( 1 Loans contracted have indefinite terms and do not contain remuneration clauses. ( 2 Non-controlling shareholders and other related parties of Iconic. 12/31/2021 Trading transactions Sales and services provided Purchases Refinaria de Petróleo Riograndense S.A. - 619,785 União Vopak Armazéns Gerais Ltda. 1,402 - Chevron (Thailand) Limited ( 1 675 1,072 Chevron Lubricants Lanka PLC ( 1 164 - Chevron Lubricants Oils S.A. ( 1 786 - Chevron Marine Products ( 1 24,583 - Chevron Oronite Brasil Ltda. ( 1 78 150,878 Chevron Products Company ( 1 - 789,452 Chevron Belgium NV ( 1 - 7,520 Chevron Petroleum CO Colombia (1) 392 - Total 28,080 1,568,707 ( 1 Non-controlling shareholders and other related parties of Iconic. Purchase and sale transactions relate substantially to the purchase of raw materials, feedstock, transportation, and storage services based on prices and terms negotiated between the parties, with customers and suppliers with comparable operational performance. In the opinion of the Company’s and its subsidiaries’ Management, transactions with related parties are not subject to settlement risk, therefore, no allowance for expected credit losses or guarantees are recorded. b. Key executives The Company’s compensation strategy for Management’s key executives combines short and long-term elements, following the principles of alignment of interests and of maintaining a competitive compensation, and is aimed at retaining key officers and remunerating them adequately according to their attributed responsibilities and the value created to the Company and its shareholders. Short-term compensation is comprised of: (a) fixed monthly compensation paid with the objective of rewarding the executive’s experience, responsibility, and his/her position’s complexity, and includes salary and benefits such as medical coverage, check-up, life insurance, and others; (b) variable compensation paid annually with the objective of aligning the executive’s and the Company’s objectives, which is linked to: (i) the business performance measured through its economic value creation and (ii) the fulfillment of individual annual goals that are based on the strategic plan and are focused on expansion and operational excellence projects, people development and market positioning, among others. For details about post-employment benefits see Note 17 The expenses for compensation of its key executives (Company’s directors and statutory executive officers) are shown below: 2023 2022 2021 Short-term compensation 54,396 62,285 47,003 Stock compensation 35,165 18,424 15,778 Post-employment benefits 4,206 4,035 2,737 Termination benefits 1,007 - 5,637 Total 94,774 84,744 71,155 c. Deferred stock plan Since 2003 has adopted a stock plan in which the executive has the benefit from shares held in treasury until the transfer of the full ownership of the shares to those eligible members of management after five The Company’s Board of Directors members are not eligible to participate in the stock plan. The fair value of the grants was determined on the grant date based on the market value of the shares on B 3 five 2016 2023 The table below summarizes shares granted to the management of the Company and its subsidiaries: Grant date Number of shares granted Vesting period Fair value of shares on the grant date (in R$ per share) Total grant costs, including taxes Accumulated recognized grant costs Accumulated unrecognized grant costs March 4, 2016 - 2023 32.72 9,732 (9,732 ) - Balance as of December 31, 2023 - 9,732 (9,732 ) - For the year ended December 31, 2023, the amortization of R$ 88 (reversal of R$ 1,204 in the year ended December 31, 2022, and reversal of R$ 1,902 – continuing operations and R$ 1,325 – discontinued operations for the year ended December 31, 2021) was recognized as general and administrative expense. The table below summarizes the changes in the number of shares granted: Balance as of December 31, 2020 702,260 Shares transferred to executives (448,930 ) Reclassification to assets held for sale (119,998 ) Balance as of December 31, 2021 133,332 Shares transferred to executives (66,668 ) Balance as of December 31, 2022 66,664 Shares transferred to executives (66,664 ) Balance as of December 31, 2023 - In addition, on April 19, 2017, the Ordinary and Extraordinary General Shareholders’ Meeting (“OEGM”) approved a share-based incentive plan (“Plan 2017 As a result of the Plan approved in 2017 At the OEGM held on April 19, 2023, Ultrapar's shareholders approved a proposal to amend to the 2017 The share-based incentive plan ("2023 Plan") establishes the general terms and conditions for the Company or its subsidiaries to grant common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct of common shares issued by it held in treasury for later transfer of the shares ownership, subject to the terms and conditions set forth in the 2023 Plan, to the Management, (including the members of the Company’s Board of Directors) or employees of the Company or of companies under its direct or indirect control. For the Board of Directors membres, the grants will be mandatorily linked to the remuneration approved by the shareholders during the Ordinary General Meeting. As a result of the 2023 The table below summarizes the restricted and performance stock programs under the 2017 2023 Program Grant date Number of shares granted (Quantity) Vesting period Fair value of shares on the grant date (in R$ per share) Total exercisable grant costs, including taxes (in R$ thousands) Accumulated recognized exercisable grant costs (in R$ thousands) Unrecognized exercisable grant costs (in R$ thousands) Restricted September 19, 2018 80,000 2024 19.58 2,675 (2,341 ) 334 Restricted April 3, 2019 25,996 2024 23.25 3,083 (3,027 ) 56 Restricted September 2, 2019 240,000 2025 16.42 6,756 (4,880 ) 1,876 Restricted April 1, 2020 89,388 2024 to 2025 12.53 2,107 (1,781 ) 326 Performance April 1, 2020 144,202 2024 to 2025 12.53 3,234 (2,845 ) 389 Restricted September 16, 2020 140,000 2026 23.03 5,464 (3,036 ) 2,428 Restricted April 7, 2021 339,678 2024 21.00 13,822 (12,711 ) 1,111 Performance April 7, 2021 645,094 2024 21.00 25,358 (23,692 ) 1,666 Restricted September 22, 2021 1,000,000 2027 14.17 24,363 (9,576 ) 14,787 Restricted April 6, 2022 667,194 2025 14.16 18,240 (10,885 ) 7,355 Performance April 6, 2022 847,990 2025 14.16 22,694 (13,931 ) 8,763 Restricted September 21, 2022 2,640,000 2032 12.98 64,048 (8,540 ) 55,508 Restricted December 7, 2022 1,500,000 2032 13.47 37,711 (4,090 ) 33,621 Restricted April 20, 2023 311,324 2025 14.50 7,472 (2,802 ) 4,670 Restricted April 20, 2023 1,179,409 2026 14.50 32,040 (8,129 ) 23,911 Performance April 20, 2023 1,184,320 2026 14.50 32,059 (8,149 ) 23,910 Restricted September 20, 2023 3,800,000 2033 18.75 132,775 (4,426 ) 128,349 14,834,595 433,901 (124,841 ) 309,060 Balance as of December 31, 2020 2,910,162 Shares granted on April 7, 2021 1,386,504 Shares granted on September 22, 2021 1,000,000 Performance shares (i) (133,326 ) Cancellation of granted shares due to termination of executive employment (133,186 ) Reclassification to assets held for sale (614,860 ) Balance as of December 31, 2021 4,415,294 Shares granted during the year 5,702,027 Cancellation of granted shares due to termination of executive employment (934,310 ) Shares transferred (vesting) (484,651 ) Reclassification from assets held for sale 236,344 Balance as of December 31, 2022 8,934,704 Shares granted during the year 6,930,871 Cancellation of granted shares due to termination of executive employment (583,180 ) Shares transferred (vesting) (447,800 ) Balance as of December 31, 2023 14,834,595 The Company does not have shares that were not transferred after the period for transfer of bare ownership of the shares. For the year ended December 31, 2023, an expense in the amount of R$ 70,770 was recognized in relation to the Plan (R$ 38,204 for the year ended December 31, 2022). For all plans, the Company or the beneficiary does not have the option to receive cash and settlements are made only with the delivery of treasury shares. The values of the grants were determined on the granting date based on the market value of these shares on B 3 (i) Refers to the reversal of the provision constituted in view of the significant probability that performance indicators will not be achieved.

Income and Social Contribution

Income and Social Contribution Taxes	12 Months Ended
	Dec. 31, 2023
Disclosure of income and social contribution taxes [abstract]
Income and Social Contribution Taxes	9 a. Deferred income (IRPJ) and social contribution taxes (CSLL) The Company and its subsidiaries recognize deferred tax assets and liabilities, which are not subject to the statute of limitations, mainly resulting from provision for differences between cash and accrual basis, tax loss carryforwards and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories: 12/31/2023 12/31/2022 Assets - deferred income and social contribution taxes on: Provision for losses with assets 46,863 47,436 Provisions for tax, civil and labor risks 326,662 225,585 Provision for post-employment benefits 90,451 74,644 Provision for differences between cash and accrual basis (i) 35,989 63,330 Goodwill 7,976 3,561 Business combination – tax basis vs. accounting basis of goodwill - 17,575 Provision for asset retirement obligation 14,759 15,737 Operating provisions 299,609 132,657 Provision for profit sharing and bonus 91,883 69,588 Leases payable 518,138 518,081 Change in fair value of subscription warrants 3,566 9,224 Provision for deferred revenue 932 8,121 Other temporary differences 104,319 43,715 Tax losses and negative basis for social contribution carryforwards ( 9 396,601 283,238 Total 1,937,748 1,512,492 Offsetting liability balance (682,614 ) (614,257 ) Net balances of deferred tax assets 1,255,134 898,235 Liabilities - deferred income and social contribution taxes on: Revaluation of property, plant and equipment ‐ 387 Leases payable 432,908 457,768 Provision for differences between cash and accrual basis (i) 81,293 9,389 Goodwill 28,717 27,691 Business combination - fair value of assets 54,921 61,521 Other temporary differences 84,981 57,800 Total 682,820 614,556 Offsetting asset balance (682,614 ) (614,257 ) Net balance of deferred tax liabilities 206 299 (i) Refers mainly to the income and social contribution taxes on the exchange variation of the derivative instruments. Changes in the net balance of deferred IRPJ and CSLL are as follows: Balance as of December 31, 2020 961,979 Deferred IRPJ and CSLL recognized in income for the year 242,246 Deferred IRPJ and CSLL of subsidiaries classified as discontinued operations 110,821 Deferred IRPJ and CSLL recognized in other comprehensive income (11,366 ) Reclassification to assets held for sale (728,986) Others (3,221 ) Balance as of December 31, 2021 571,473 Deferred IRPJ and CSLL recognized in income for the year 296,459 Deferred IRPJ and CSLL recognized in income for the year from discontinued operation 31,138 Deferred IRPJ and CSLL recognized in other comprehensive income (1,134 ) Balance as of December 31, 2022 897,936 Deferred IRPJ and CSLL recognized in income for the year 335,375 Deferred IRPJ and CSLL recognized in other comprehensive income 21,474 Others 143 Balance as of December 31, 2023 1,254,928 The balance of the Company of R$ 1,255,134 was supported by the study on taxable profit projections for the realization of deferred tax assets in order to the realization of deferred tax assets. The taxable profit projections were made considering the business plans of each segment of the Company which indicates trends and perspectives, demand effects, competition, and other economic factors, and that represent the management’s best estimate about the economic conditions existing during the period of realization of the deferred tax asset were taken into account. The main key assumptions used to calculate the realization of deferred tax assets are: growth in Gross Domestic Product (“GDP”), exchange rate, basic interest rate (SELIC) and DI, inflation rate, commodity price index, among others. b. Reconciliation of income and social contribution taxes in the statement of income IRPJ and CSLL are reconciled to the statutory tax rates as follows: 2023 2022 2021 Income before taxes 3,578,695 1,879,725 1,006,648 Statutory tax rates - % 34 34 34 Income and social contribution taxes at the statutory tax rates (1,216,756 ) (639,107 ) (342,260 ) Adjustment to the statutory income and social contribution taxes: Nondeductible expenses (i) (11,535 ) (11,006 ) (45,569 ) Nontaxable revenues (ii) 114,981 23,149 138,631 Adjustment to estimated income (iii) 2,173 10,136 3,901 Unrecorded deferred income and social contribution tax carryforwards (iv) (36,227 ) (4,602 ) (5,285 ) Share of profit (loss) of subsidiaries, joint ventures and associates 4,049 4,141 (5,995 ) Interest on capital ‐ 153,004 ‐ Other adjustments (26,666 ) 29,327 21,414 Income and social contribution taxes before tax incentives (1,169,981 ) (434,958 ) (235,163 ) Tax incentives – SUDENE ( 9 109,039 93,444 47,129 Income and social contribution taxes in the statement of income (1,060,942 ) (341,514 ) (188,034 ) Current (1,396,317 ) (637,973 ) (430,280 ) Deferred 335,375 296,459 242,246 Effective IRPJ and CSLL rates - % (29.6 ) (18.2 ) ( 18.7 ) (i) Consist of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative results of foreign subsidiaries and certain provisions. (ii) Consist of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes, tax incentives, installments and the reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary adjustment (SELIC) in the repetition of undue tax lawsuits. (iii) Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form of taxation, whereby income and social contribution losses are calculated on a basis equal to 32 % of the operating revenues, as opposed to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents the difference between the taxation under this alternative method and the income and social contribution taxes that would have been paid based on the effective statutory rate applied to the taxable income of these subsidiaries. (iv) See Note 9 .d. c. Tax incentives – SUDENE The following subsidiaries have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, under the terms of the development program of the region operated by the Superintendence for the Development of the Northeast (“SUDENE”), in compliance with the current law: Subsidiary Units Incentive - % Expiration Bahiana Distribuidora de Gás Ltda. Mataripe base 75 2024 Caucaia base 75 2025 Juazeiro base 75 2026 Aracaju base 75 2027 Suape base 75 2027 Ultracargo Logística S.A. Aratu Terminal (1) 75 2032 Suape Terminal 75 2030 Itaqui Terminal 75 2030 (1) In December 2022, an application for renewal of Aratu Terminal concession term for an additional 10 years was filed with SUDENE, having been approved in accordance with Report 108/2023 and recognition by the Brazilian Federal Revenue with effect on January 1, 2023. d. Tax losses and negative basis for social contribution carryforwards As of December 31, 2023, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL), whose annual offsets are limited to 30% of taxable income in a given tax year, which do not expire. The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows: 12/31/2023 12/31/2022 Oil Trading 84,372 93,627 Ultrapar (i) 77,453 65,505 Abastece Aí 91,861 66,347 Ipiranga 97,071 28,894 Ultracargo Vila do Conde 30,652 22,313 Others 15,192 6,552 396,601 283,238 (i) Include the amount of R$ 25,884 of deferred taxes recognized on the tax loss of subsidiary Ultrapar International as of December 31, 2023 (R$ 33,663 as of December 31, 2022). The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows: 12/31/2023 12/31/2022 Neogás 45,333 - Integra Frotas 13,335 12,394 Millennium 8,539 6,154 Others 9,095 997 76,302 19,545 e. Non-levy of IRPJ/CSLL on the update by Selic of tax undue payments received from the Federal Government The Company and its subsidiaries have lawsuits claiming the non-levy of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court judged that the levy of IRPJ and CSLL on amounts related to monetary variation (SELIC) received by taxpayers in the repetition of undue tax payments is unconstitutional. The Company and its subsidiaries have registered credits of this nature in the amount of R$ 143,147 as of December 31, 2023 (R$ 128,420 as of December 31, 2022).

Contractual Assets with Custome

Contractual Assets with Customers - Exclusive Rights	12 Months Ended
	Dec. 31, 2023
Receivables from contracts with customers [abstract]
Contractual Assets with Customers - Exclusive Rights	10 Contractual assets with customers - exclusivity rights Refers to exclusivity rights reimbursements of agreement between subsidiary Ipiranga and reseller service stations and major customers that are recognized at the time of their occurrence and recognized as reductions of the revenue from sales and services in the statement of income according to the conditions established in the agreement. Changes are shown below: Balance as of December 31, 2020 1,706,331 Additions 689,986 Amortization (282,521 ) Transfers (34,570 ) Balance as of December 31, 2021 2,079,226 Additions 637,502 Amortization (504,907 ) Transfers (6,230 ) Balance as of December 31, 2022 2,205,591 Additions 664,363 Amortization (607,446 ) Balance as of December 31, 2023 2,262,508 Current 787,206 Non-current 1,475,302

Investments in subsidiaries, jo

Investments in subsidiaries, joint ventures and associates	12 Months Ended
	Dec. 31, 2023
Investments in subsidiaries, joint ventures and associates
Investments in subsidiaries, joint ventures and associates	11 ventures and associates The table below presents the positions of equity and income (loss) for the year by company: Equity Income (loss) for the year Interest in share capital - % Investments Share of profit (loss) of joint ventures and associates 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2021 Joint ventures União Vopak – Armazéns Gerais Ltda ( 1 3,100 15,388 50 1,550 4,456 7,694 (3,880 ) 602 Refinaria de Petróleo Riograndense S.A. ( 2 95,027 23,094 33 31,553 25,186 7,668 26,110 823 ConectCar Soluções de Mobilidade Eletrônica S.A. ( 7 - - - - - - - (18,081 ) Latitude Logística Portuária S.A. ( 3 12,004 (4,068 ) 50 6,002 7,638 (1,636 ) (2,339 ) 593 Navegantes Logística Portuária S.A. ( 3 47,510 (22,820 ) 33 15,836 23,250 (7,413 ) (11,040 ) (3,032 ) Nordeste Logística I S.A. ( 3 21,212 6,305 33 7,071 6,340 730 2,591 1,592 Nordeste Logística II S.A. ( 3 51,649 (5,553 ) 33 17,216 19,415 (2,199 ) (2,007 ) (819 ) Nordeste Logística III S.A. ( 3 54,013 3,933 33 18,004 17,038 967 (30 ) 255 Química da Bahia Indústria e Comércio S.A. (i) 6,956 (84 ) 50 3,478 3,520 (42 ) (8 ) - Terminal de Combustíveis Paulínia S.A. ("Opla") ( 6 108,311 8,141 50 54,155 ‐ 4,071 ‐ - Other investments ‐ ‐ ‐ 349 ‐ ‐ ‐ - Associates Transportadora Sulbrasileira de Gás S.A. ( 4 15,912 8,253 25 3,978 3,898 2,043 2,771 552 Metalúrgica Plus S.A. ( 5 (769 ) (298 ) 33 (256 ) (157 ) (99 ) (105 ) (100 ) Plenogás Distribuidora de Gás S.A. ( 5 1,489 376 33 497 615 124 118 (4 ) Other investments ‐ ‐ ‐ 33 28 ‐ ‐ (14 ) Goodwill on investments Terminal de Combustíveis Paulínia S.A. ("Opla") ( 6 ‐ ‐ ‐ 158,634 ‐ ‐ ‐ - Total (A) 318,100 111,227 11,908 12,181 (17,634 ) Total provision for equity deficit (B) (256 ) (157 ) Total investments (A-B) 318,356 111,384 The percentages in the table above are rounded. (i) The Company acquired a 50% interest in da Bahia on February 1, 2022. Until January 31, 2022, da Bahia was an associate of S.A. ( 1 The subsidiary holds an interest in – . (“ ”), which is primarily engaged in liquid bulk storage at the port of . ( 2 The Company holds an interest in de S.A. (“RPR”), which is primarily engaged in oil refining. ( 3 The subsidiary IPP participates in the port concession BEL 02 (PA), through Latitude S.A. (“Latitude”); for the port of (ES), it participates through S.A. (“ ”); in (PB), it holds an interest in I S.A. (" I"), II S.A. (" II”) and III S.A. (“ III”). ( 4 The subsidiary IPP holds an interest in de S.A. (“TSB”), which is primarily engaged in natural gas transportation services. ( 5 The subsidiary . holds an interest in Plus S.A. (“ ”), which is primarily engaged in the manufacture and trading of LPG containers and has interest in de S.A. (“ ”), which is primarily engaged in the marketing of LPG containers. Currently, the associates have their operational activities suspended. ( 6 The subsidiary acquired a 50% interest in on July 1, 2023. For more information, see Note 28 The financial position and income of subsidiaries which have relevant non-controlling interests is shown below: Proportion of interest in share capital and right votes detained by non-controlling participation Equity attributed to non-controlling participation Income allocated to non-controlling participation for the year 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Subsidiaries % % Iconic Lubrificantes S.A. 44% 44% 477,710 446,707 72,505 34,955 Other investiments - - 45,621 19,520 5,453 4,275 523,331 466,227 77,958 39,230 The table below presents the full amounts of statements of financial position and statements of income of joint ventures: 12/31/2023 União Vopak RPR Química da Bahia Latitude Logística Navegantes Logística Nordeste Logística I Nordeste Logística II Nordeste Logística III Opla Current assets 7,256 592,237 331 6,262 5,376 39,078 19,425 23,566 12,844 Non-current assets 132 252,722 9,734 86,273 166,000 49,869 46,165 52,299 177,782 Current liabilities 92 488,932 - 27,309 76,402 44,852 1,183 2,384 58,308 Non-current liabilities 4,196 228,994 3,109 53,222 47,464 22,883 12,758 19,468 24,007 Equity 3,100 127,033 6,956 12,004 47,510 21,212 51,649 54,013 108,311 Net revenue - 2,954,931 - 12,220 - 16,895 5,264 13,324 35,117 Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) 22,174 (2,940,640 ) (51 ) (10,565 ) (12,342 ) (8,742 ) (9,732 ) (10,354 ) (20,415 ) Finance income (costs), income and social contribution taxes (6,786 ) 6,608 (33 ) (5,723 ) (10,478 ) (1,848 ) (1,085 ) 963 (6,561 ) Net income (loss) for the year 15,388 20,899 (84 ) (4,068 ) (22,820 ) 6,305 (5,553 ) 3,933 8,141 Number of shares or units held 5,599 5,078,888 1,493,122 9,384,693 37,998,195 2,317,921 22,393,571 16,977,737 33,915,815 Interest in share capital - % 50 33 50 50 33 33 33 33 50 12/31/2022 União Vopak RPR Química da Bahia Latitude Logística Navegantes Logística Nordeste Logística I Nordeste Logística II Nordeste Logística III Current assets 3,164 615,563 382 9,526 4,358 20,604 38,951 25,598 Non-current assets 7,454 156,788 9,767 67,774 179,377 23,146 40,806 49,800 Current liabilities 1,378 432,502 - 13,112 40,675 6,183 10,915 7,871 Non-current liabilities 328 263,999 3,109 48,912 73,311 18,546 10,596 16,415 Equity 8,912 75,850 7,040 15,276 69,749 19,021 58,246 51,112 Net revenue 3,408 3,215,987 - 12,722 - 20,631 3,205 12,798 Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (13,412 ) (3,085,140 ) (15 ) (9,864 ) (11,360 ) (7,901 ) (7,367 ) (10,720 ) Finance income (costs), income and social contribution taxes 2,244 (52,248 ) - (4,574 ) (8,408 ) (3,632 ) 531 (1,280 ) Net income (loss) for the year (7,760 ) 78,599 (15 ) (1,716 ) (19,768 ) 9,098 (3,631 ) 798 Number of shares or units held 29,995 5,078,888 1,493,122 9,384,693 37,998,195 984,587 22,393,571 16,977,737 Interest in share capital - % 50 33 50 50 33 33 33 33 12/31/2021 União Vopak RPR ConectCar (i) Latitude Logística Navegantes Logística Nordeste Logística I Nordeste Logística II Nordeste Logística III Net revenue 17,660 2,092,786 60,436 5,895 - 11,625 2,016 7,561 Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (16,144 ) (2,105,544 ) (97,095 ) (2,591 ) (1,579 ) (3,260 ) (3,980 ) (5,030 ) Finance income (costs), income and social contribution taxes (312 ) 15,235 497 (2,118 ) (7,517 ) (3,589 ) (494 ) (1,765 ) Net income (loss) for the year 1,204 2,477 (36,162 ) 1,186 (9,096 ) 4,776 (2,458 ) 766 Number of shares or units held 29,995 5,078,888 263,768,000 4,383,881 22,298,195 681,637 3,933,265 4,871,241 Interest in share capital - % 50 33 50 50 33 33 33 33 The percentages in the table above are rounded. (i) The balances presented refer to September 30, 2021, due to the completion of the sale of on October 1, 2021. The table below presents the statements of financial position and statements of income of associates: 12/31/2023 Transportadora Sulbrasileira de Gás S.A. Metalúrgica Plus S.A. Plenogás Distribuidora de Gás S.A. Current assets 10,827 5 828 Non-current assets 9,329 - 1,269 Current liabilities 3,642 32 218 Non-current liabilities 602 742 390 Equity 15,912 (769 ) 1,489 Net revenue 16,212 - - Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (8,145 ) (263 ) 378 Finance income (costs), income and social contribution taxes 186 (35 ) (2 ) Net income (loss) for the year 8,253 (298 ) 376 Number of shares or units held 20,124,996 3,000 1,384,308 Interest in share capital - % 25 33 33 12/31/2022 Transportadora Sulbrasileira de Gás S.A. Metalúrgica Plus S.A. Plenogás Distribuidora de Gás S.A. Current assets 8,598 6 617 Non-current assets 10,420 - 1,949 Current liabilities 2,824 29 167 Non-current liabilities 601 448 555 Equity 15,593 (471 ) 1,844 Net revenue 18,250 - - Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (7,593 ) (245 ) 356 Finance income (costs), income and social contribution taxes 76 (69 ) (3 ) Net income (loss) for the year 10,733 (314 ) 353 Number of shares or units held 20,124,996 3,000 1,384,308 Interest in share capital - % 25 33 33 12/31/2021 Transportadora Sulbrasileira de Gás S.A. Oxicap Indústria de Gases Ltda. Química da Bahia Indústria e Comércio S.A. Metalúrgica Plus S.A. Plenogás Distribuidora de Gás S.A. Net revenue 15,126 69,611 - - - Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (12,691 ) (68,390 ) (28 ) (239 ) 18 Finance income (costs) and income tax (226 ) (904 ) - (61 ) (31 ) Net income (loss) for the year 2,209 317 (28 ) (300 ) (13 ) Number of shares or units held 20,124,996 1,987 1,493,120 3,000 1,384,308 Interest in share capital - % 25 15 50 33 33 Balances and changes in investments in subsidiaries, joint ventures and associates are as follows: Joint ventures Associates Total Balance as of December 31, 2020 (i) 137,004 25,616 162,620 Share of profit (loss) of joint ventures and associates from continuing operations (18,068 ) 434 (17,634 ) Share of profit (loss) of joint ventures and associates from discontinued operations - 48 48 Dividends - (998 ) (998 ) Valuation adjustments 99 - 99 Actuarial gain of post-employment benefits of subsidiaries, net of income and social contribution taxes 5,723 - 5,723 Capital increase in cash 30,697 - 30,697 Capital decrease (5,001 ) (1,500 ) (6,501 ) Shareholder transactions - changes of interest (966 ) - (966 ) Write-off of investment (78,099 ) - (78,099 ) Reclassification to assets held for sale - (16,396 ) (16,396 ) Balance as of December 31, 2021 (i) 71,389 7,204 78,593 Joint ventures Associates Total Balance as of December 31, 2021 (i) 71,389 7,204 78,593 Share of profit (loss) of subsidiaries, joint ventures and associates 9,397 2,784 12,181 Dividends (4,298 ) (2,076 ) (6,374 ) Equity instrument granted (ii) - - - Accumulated other comprehensive income 267 - 267 Actuarial gain of post-employment benefits of subsidiaries, net of income and social contribution taxes (1,440 ) - (1,440 ) Capital increase in cash 28,000 - 28,000 Shareholder transactions - changes of interest 3,528 (3,528 ) - Balance as of December 31, 2022 (i) 106,843 4,384 111,227 Joint ventures Associates Total Balance as of December 31, 2022 (i) 106,843 4,384 111,227 Share of profit (loss) of subsidiaries, joint ventures and associates (*) 9,840 2,068 11,908 Dividends (11,072 ) (2,200 ) (13,272 ) Equity instrument granted (ii) 899 - 899 Acquisition of Terminal de Combustíveis Paulínia S.A. ("Opla") 210,096 - 210,096 Capital decrease (3,100 ) - (3,100 ) Other movements 342 - 342 Balance as of December 31, 2023 (i) 313,848 4,252 318,100 (*) Adjusted for unrealized profits between subsidiaries. (i) Investments in subsidiaries, joint ventures and associates net of provision for equity deficit. (ii) Amounts refer to grants of long-term incentives in subsidiaries Ipiranga Produtos de Petróleo S.A., Ultragaz Participações Ltda. and Ultracargo–Operações Logísticas Ltda.

Right-of-use assets and leases

Right-of-use assets and leases payable	12 Months Ended
	Dec. 31, 2023
Right-of-use assets and leases payable
Right-of-use assets and leases payable	12 The Company and certain subsidiaries have real estate leases, substantially related to: (i) Ipiranga: fuel stations and distribution bases; (ii) Ultragaz: points of sale and bottling bases; (iii) Ultracargo: port areas and (iv) Company: offices. The Company and certain subsidiaries also have lease agreements relating to vehicles. a. Right-of-use assets Weighted average useful life (years) Balance as of 12/31/2022 Additions and remeasurement (i) Write-offs Transfers (ii) Amortization Acquisition of subsidiary (iii) Balance as of 12/31/2023 Cost: Real estate 10 2,019,898 140,245 (165,551 ) - - 4,274 1,998,866 Port areas 29 311,174 3,790 - - - - 314,964 Vehicles 4 186,455 120,705 (71,781 ) - - 35,009 270,388 Equipment 5 26,345 12,910 (1,973 ) - - 996 38,278 Others 20 27,846 - - - - - 27,846 2,571,718 277,650 (239,305 ) - - 40,279 2,650,342 Accumulated amortization: Real estate (634,688 ) - 95,896 (4,491 ) (209,522 ) (393 ) (753,198 ) Port areas (36,773 ) - - - (7,847 ) - (44,620 ) Vehicles (83,902 ) - 63,708 - (80,661 ) (9,112 ) (109,967 ) Equipment (2,850 ) - 1,974 - (4,151 ) (157 ) (5,184 ) Others (22,128 ) - - - (3,719 ) - (25,847 ) (780,341 ) - 161,578 (4,491 ) (305,900 ) (9,662 ) (938,816 ) Net amount 1,791,377 277,650 (77,727 ) (4,491 ) (305,900 ) 30,617 1,711,526 (i) Considers R$ 257,201 referring to additions and between right-of-use assets and leases payable. (ii) Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation. (iii) For further information, see Note 28 Weighted average useful life (years) Balance as of 12/31/2021 Additions and remeasurement Write-offs Transfers Amortization Balance as of 12/31/2022 Cost: Real estate 10 1,793,473 366,805 (140,380 ) - - 2,019,898 Port areas 29 299,630 11,868 (324 ) - - 311,174 Vehicles 4 146,173 115,666 (75,384 ) - - 186,455 Equipment 5 16,740 9,958 (353 ) - - 26,345 Others 20 27,846 - - - - 27,846 2,283,862 504,297 (216,441 ) - - 2,571,718 Accumulated amortization: Real estate (489,470 ) - 79,003 (5,311 ) (218,910 ) (634,688 ) Port areas (23,526 ) - - - (13,247 ) (36,773 ) Vehicles (98,867 ) - 66,554 - (51,589 ) (83,902 ) Equipment (1,834 ) - 399 - (1,415 ) (2,850 ) Others (18,870 ) - - - (3,258 ) (22,128 ) (632,567 ) - 145,956 (5,311 ) (288,419 ) (780,341 ) Net amount 1,651,295 504,297 (70,485 ) (5,311 ) (288,419 ) 1,791,377 Weighted average useful life (years) Balance as of 12/31/2020 Additions and remeasurement Write-offs Transfers (i) Exchange rate variation Amortization Reclassification to assets held for sale (ii) Balance as of 12/31/2021 Cost: Real estate 10 2,254,432 257,787 (150,718 ) - 1,295 - (569,323 ) 1,793,473 Port areas 20 268,534 31,096 (*) - - - - - 299,630 Vehicles 4 139,843 26,589 (9,315 ) - 103 - (11,047 ) 146,173 Equipment 6 44,936 19,887 (6,171 ) - 1,920 - (43,832 ) 16,740 Others 20 27,846 - - - - - - 27,846 2,735,591 335,359 (166,204 ) - 3,318 - (624,202 ) 2,283,862 Accumulated amortization: Real estate (481,975 ) - 76,954 - (530 ) (283,882 ) 199,963 (489,470 ) Port areas (3,962 ) - - (11,935 ) - (7,629 ) - (23,526 ) Vehicles (63,091 ) - 7,032 - (54 ) (48,146 ) 5,392 (98,867 ) Equipment (19,619 ) - 6,483 - (897 ) (17,637 ) 29,836 (1,834 ) Others (16,658 ) - - - - (2,212 ) - (18,870 ) (585,305 ) - 90,469 (11,935 ) (1,481 ) (359,506 ) 235,191 (632,567 ) Provision for impairment losses: Real estate - (38,957 ) - - - - 38,957 - - (38,957 ) - - - - 38,957 - Net amount 2,150,286 296,402 (75,735 ) (11,935 ) 1,837 (359,506 ) (350,054 ) 1,651,295 b. Leases payable The changes in leases payable are shown below: Balance as of December 31, 2020 1,833,288 Interest accrued 147,494 Payments (i) (440,574 ) Additions and remeasurement 288,711 Write-offs (83,157 ) Efffect of foreign currency exchange rate variation 16,264 Reclassification to liabilities held for sale (see note 29 (413,715 ) Balance as of December 31, 2021 1,348,311 Interest accrued 128,069 Payments of leases (357,879 ) Additions and remeasurement 482,439 Write-offs (77,171 ) Balance as of December 31, 2022 1,523,769 Interest accrued 143,005 Payments of leases (213,527 ) Interest payment (145,586 ) Additions and remeasurement 257,201 Write-offs (71,569 ) Acquisition of subsidiary (see notes 28 28 30,641 Balance as of December 31, 2023 1,523,934 Current 311,426 Non-current 1,212,508 The undiscounted future cash outflows are presented below: 12/31/2023 12/31/2022 Up to 1 418,450 343,792 1 2 322,165 319,284 2 3 227,785 277,318 3 4 189,744 201,227 4 5 147,977 173,229 More than 5 1,003,655 1,089,255 Total 2,309,776 2,404,105 The contracts related to the leases are substantially indexed by the IGP-M (General Market Price Index is a measure of Brazilian inflation, calculated by the Getúlio Vargas Foundation). b. 1 rates The weighted nominal average discount rates for the lease contracts of the Company are: Contracts by maturity date and discount rate Maturity dates of the contracts Rate (% p.a.) From 1 5 9.40% From 6 10 9.87% From 11 15 10.28% More than 15 10.42% c . Lease contracts of leases of low-value assets and short-term leases The Company and its subsidiaries, especially Cia. Ultragaz, Bahiana and IPP have operating lease contracts considered as being of low value, short term and variable payments for the use of IT equipment, vehicles and real estates. The future disbursements (payments), assumed as a result of these contracts amount approximately to: Up to 1 Between 1 5 More than 5 Total 12/31/2023 7,693 1,872 - 9,565 The amount of lease considered as of low value, short term and variable payments, recognized as an expense for the year ended December 31, 2023 was R$ 7,794 (R$ 18,466 for the year ended December 31, 2022 and R$ 13,524 for the year ended December 31, 2021).

Property, Plant, and Equipment

Property, Plant, and Equipment	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
Property, Plant, and Equipment	13 Balances and changes in property, plant and equipment are as follows: Weighted average useful life (years) Balance as of 12/31/2022 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 Balance as of 12/31/2023 Cost: Land - 619,116 1,053 - 3,316 (16,369 ) 36 607,152 Buildings 36 1,532,506 27,100 - 198,398 (111,899 ) 891 1,646,996 Leasehold improvements 11 1,169,326 30,348 - 90,557 (12,458 ) 15,225 1,292,998 Machinery and equipment 11 3,186,759 111,726 - 133,554 (14,634 ) 112,779 3,530,184 Automotive fuel/lubricant distribution equipment and facilities 13 3,213,123 86,714 - 143,010 (92,744 ) 11,534 3,361,637 LPG tanks and bottles 8 920,287 129,567 - 431 (43,887 ) - 1,006,398 Vehicles 8 325,094 24,661 - 1,351 (9,473 ) 29,801 371,434 Furniture and fixtures 9 201,708 12,326 - 1,649 (4,547 ) 1,504 212,640 IT equipment 5 303,023 19,787 - 4,516 (10,750 ) 2,145 318,721 Construction in progress - 694,726 650,828 - (567,114 ) - 5,056 783,496 Advances to suppliers - 18,139 20,501 - (6,263 ) - 180 32,557 Imports in progress - 902 2,205 - - - - 3,107 12,184,709 1,116,816 - 3,405 (316,761 ) 179,151 13,167,320 Balance as of 12/31/2022 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 Balance as of 12/31/2023 Accumulated depreciation: Buildings (591,812 ) - (46,187 ) - 101,919 (438 ) (536,518 ) Leasehold improvements (618,256 ) - (71,139 ) - 8,858 (2,650 ) (683,187 ) Machinery and equipment (1,926,954 ) - (194,666 ) - 13,499 (39,721 ) (2,147,842 ) Automotive fuel/lubricant distribution equipment and facilities (2,113,657 ) - (181,233 ) - 60,982 (4,935 ) (2,238,843 ) LPG tanks and bottles (557,260 ) - (83,777 ) - 35,739 - (605,298 ) Vehicles (154,177 ) - (29,483 ) - 5,608 (3,459 ) (181,511 ) Furniture and fixtures (118,438 ) - (14,032 ) - 3,052 (699 ) (130,117 ) IT equipment (239,978 ) - (23,721 ) - 10,058 (1,311 ) (254,952 ) (6,320,532 ) - (644,238 ) - 239,715 (53,213 ) (6,778,268 ) Provision for impairment losses: Land (146 ) - - - - - (146 ) Buildings - (21 ) - - 4 - (17 ) Leasehold improvements (30 ) (11 ) - - 30 - (11 ) Machinery and equipment (1,566 ) (57 ) - - 328 - (1,295 ) Automotive fuel/lubricant distribution equipment and facilities (22 ) - - - 20 - (2 ) (1,764 ) (89 ) - - 382 - (1,471 ) Net amount 5,862,413 1,116,727 (644,238 ) 3,405 (76,664 ) 125,938 6,387,581 (i) Refers to R$ 1,086 transferred to intangible assets and R$ 4,491 transferred from right-of-use assets. Construction in progress relates substantially to expansions, renovations, constructions and upgrade of the terminals’ assets, service stations and distribution bases. Advances to suppliers are basically related to manufacturing of assets for expansion of terminals, distribution bases and acquisition of real estate. Weighted average useful life (years) Balance as of 12/31/2021 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 Balance as of 12/31/2022 Cost: Land - 610,294 - - 23,539 (14,717 ) - 619,116 Buildings 32 1,486,721 20,020 - 73,744 (47,979 ) - 1,532,506 Leasehold improvements 13 1,056,179 40,685 - 82,317 (9,855 ) - 1,169,326 Machinery and equipment 12 3,024,577 99,477 - 70,150 (7,518 ) 73 3,186,759 Automotive fuel/lubricant distribution equipment and facilities 13 3,245,586 96,208 - 12,680 (141,351 ) - 3,213,123 LPG tanks and bottles 9 840,931 94,356 - - (15,000 ) - 920,287 Vehicles 9 288,239 33,452 - 8,050 (4,647 ) - 325,094 Furniture and fixtures 9 168,092 34,905 - 5,140 (6,531 ) 102 201,708 IT equipment 5 330,375 24,069 - 2,053 (53,863 ) 389 303,023 Construction in progress - 452,248 482,043 - (239,082 ) (483 ) - 694,726 Advances to suppliers - 14,281 35,887 - (32,029 ) - - 18,139 Imports in progress - 181 902 - (181 ) - - 902 11,517,704 962,004 - 6,381 (301,944 ) 564 12,184,709 Weighted average useful life (years) Balance as of 12/31/2021 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 ) Balance as of 12/31/2022 Accumulated depreciation: Buildings (585,846 ) - (42,195 ) - 36,229 - (591,812 ) Leasehold improvements (573,553 ) - (58,172 ) 606 12,863 - (618,256 ) Machinery and equipment (1,758,401 ) - (175,567 ) - 7,024 (10 ) (1,926,954 ) Automotive fuel/lubricant distribution equipment and facilities (2,050,533 ) - (175,899 ) (3 ) 112,778 - (2,113,657 ) LPG tanks and bottles (498,310 ) - (69,860 ) - 10,910 - (557,260 ) Vehicles (133,149 ) - (23,713 ) - 2,685 - (154,177 ) Furniture and fixtures (112,288 ) - (11,496 ) (603 ) 5,953 (4 ) (118,438 ) IT equipment (269,534 ) - (23,933 ) - 53,526 (37 ) (239,978 ) (5,981,614 ) - (580,835 ) - 241,968 (51 ) (6,320,532 ) Provision for impairment losses: Land (146 ) - - - - - (146 ) Leasehold improvements (18 ) (12 ) - - - - (30 ) Machinery and equipment (1,289 ) (27 ) - - (250 ) - (1,566 ) Automotive fuel/lubricant distribution equipment and facilities (46 ) - - - 24 - (22 ) (1,499 ) (39 ) - - (226 ) - (1,764 ) 5,534,591 961,965 (580,835 ) 6,381 (60,202 ) 513 5,862,413 (i) Refers to R$ 1,070 transferred from intangible assets and R$ 5,311 transferred from right-of-use assets. Weighted average useful life (years) Balance as of 12/31/2020 Additions Depreciation Transfers (i) (ii) Write-offs and disposals Exchange rate variation Reclassification to assets held for sale (iii) Balance as of 12/31/2021 Cost: Land 687,108 2,424 - - (17,503 ) 3,416 (65,151 ) 610,294 Buildings 33 2,154,710 47,920 - 119,748 (34,925 ) 26,997 (827,729 ) 1,486,721 Leasehold improvements 10 1,222,822 21,944 - 136,206 (31,587 ) 30 (293,236 ) 1,056,179 Machinery and equipment 12 6,498,362 161,071 - 558,197 (13,811 ) 93,412 (4,272,654 ) 3,024,577 Automotive fuel/lubricant distribution equipment and facilities 13 3,169,320 88,112 - 33,794 (45,640 ) - - 3,245,586 LPG tanks and bottles 9 776,479 91,842 - 1,567 (28,957 ) - - 840,931 Vehicles 8 310,836 19,054 - 11,634 (25,949 ) 82 (27,418 ) 288,239 Furniture and fixtures 8 316,712 33,644 - 2,277 (14,614 ) 1,296 (171,223 ) 168,092 IT equipment 5 444,844 28,350 - 901 (11,998 ) 705 (132,427 ) 330,375 Construction in progress (ii) 580,695 797,674 - (829,245 ) (301 ) 3,290 (99,865 ) 452,248 Advances to suppliers 34,642 21,985 - (18,894 ) - - (23,452 ) 14,281 Imports in progress 866 4,312 - (4,631 ) - 38 (404 ) 181 16,197,396 1,318,332 - 11,554 (225,285 ) 129,266 (5,913,559 ) 11,517,704 Balance as of 12/31/2020 Additions Depreciation Transfers (i) (ii) Write-offs and disposals Exchange rate variation Reclassification to assets held for sale (iii) Balance as of 12/31/2021 Accumulated depreciation: Buildings (851,397 ) - (68,388 ) (94 ) 23,031 (6,872 ) 317,874 (585,846 ) Leasehold improvements (689,161 ) - (81,976 ) 81 27,519 (37 ) 170,021 (573,553 ) Machinery and equipment (3,598,304 ) - (356,637 ) - 11,717 (21,651 ) 2,206,474 (1,758,401 ) Automotive fuel/lubricant distribution equipment and facilities (1,906,953 ) - (178,110 ) (311 ) 34,841 - - (2,050,533 ) LPG tanks and bottles (454,651 ) - (62,558 ) - 18,899 - - (498,310 ) Vehicles (143,854 ) - (22,927 ) 195 15,480 (20 ) 17,977 (133,149 ) Furniture and fixtures (191,713 ) - (23,594 ) 24 14,443 (817 ) 89,369 (112,288 ) IT equipment (352,256 ) - (35,614 ) 317 11,489 (435 ) 106,965 (269,534 ) (8,188,289 ) - (829,804 ) 212 157,419 (29,832 ) 2,908,680 (5,981,614 ) Provision for impairment losses: Land (146 ) - - - - - - (146 ) Leasehold improvements (61 ) (43,666 ) - - - (3 ) 43,712 (18 ) Machinery and equipment (2,857 ) (839 ) - - 6 (45 ) 2,446 (1,289 ) Automotive fuel/lubricant distribution equipment and facilities (73 ) - - - 27 - - (46 ) Vehicles - (160 ) - - - - 160 - Furniture and fixtures - (14,887 ) - - - - 14,887 - IT equipment - (1,660 ) - - - - 1,660 - Advances to suppliers (110 ) - - - - - 110 - (3,247 ) (61,212 ) - - 33 (48 ) 62,975 (1,499 ) 8,005,860 1,257,120 (829,804 ) 11,766 (67,833 ) 99,386 (2,941,904 ) 5,534,591 (i) Refers to R$ 169 transferred to intangible assets. (ii) Includes R$ 11,935 transferred from right-of-use assets. (iii) For further information, see Note 4

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Intangible Assets	14 Balances and changes in intangible assets are as follows Weighted average useful life (years) Balance as of 12/31/2022 Additions Amortizations Transfers (i) Write-offs Exchange rate variation Acquisition of subsidiaries Balance as of 12/31/2023 Cost: Goodwill (a) - 917,775 ‐ ‐ ‐ - ‐ 25,350 943,125 Software (c) 5 1,299,088 273,310 ‐ 1,086 (79,909 ) ‐ 10,026 1,503,601 Distribution rights 15 114,593 1,357 ‐ ‐ - ‐ 39,224 155,174 Brands (d) - 65,647 - ‐ ‐ - (3,344 ) ‐ 62,303 Trademark rights (d) 30 114,792 25 ‐ ‐ - ‐ 6,143 120,960 Others 3 177 ‐ ‐ ‐ (3 ) ‐ 14,953 15,127 Decarbonization credits (CBIO) (b) - 232,305 778,885 ‐ ‐ (300,480 ) ‐ ‐ 710,710 2,744,377 1,053,577 ‐ 1,086 (380,392 ) (3,344 ) 95,696 3,511,000 Accumulated amortization: Software (708,659 ) ‐ (192,976 ) ‐ 79,720 ‐ (4,858 ) (826,773 ) Distribution rights (102,037 ) ‐ (2,956 ) ‐ ‐ ‐ (1,152 ) (106,145 ) Trademark rights (14,930 ) ‐ (3,889 ) ‐ ‐ ‐ (112 ) (18,931 ) Others (402 ) ‐ (4,835 ) ‐ 3 ‐ ‐ (5,234 ) (826,028 ) ‐ (204,656 ) ‐ 79,723 ‐ (6,122 ) (957,083 ) Net amount 1,918,349 1,053,577 (204,656 ) 1,086 (300,669 ) (3,344 ) 89,574 2,553,917 (i) Refers to R$ 1,086 transferred from property, plant and equipment. Weighted average useful life (years) Balance as of 12/31/2021 Additions Amortizations Transfers (i) Write-offs Exchange rate variation Balance as of 12/31/2022 Cost: Goodwill (a) - 818,096 99,679 ‐ ‐ ‐ ‐ 917,775 Software (c) 5 1,146,980 277,600 ‐ 173 (125,665 ) ‐ 1,299,088 Distribution rights 12 114,593 ‐ ‐ ‐ ‐ ‐ 114,593 Brands (d) - 69,198 ‐ ‐ ‐ ‐ (3,551 ) 65,647 Trademark rights (d) 39 114,792 ‐ ‐ ‐ ‐ ‐ 114,792 Others 10 421 999 ‐ (1,243 ) ‐ ‐ 177 Decarbonization credits (CBIO) (b) - ‐ 635,130 ‐ ‐ (402,825 ) ‐ 232,305 2,264,080 1,013,408 ‐ (1,070 ) (528,490 ) (3,551 ) 2,744,377 Accumulated amortization: Software (679,402 ) - (154,122 ) ‐ 124,865 - (708,659 ) Technology ‐ - - - - - ‐ Distribution rights (101,027 ) - (1,010 ) - - - (102,037 ) Trademark rights (11,993 ) - (2,937 ) - - - (14,930 ) Others (402 ) - - - - - (402 ) (792,824 ) ‐ (158,069 ) ‐ 124,865 ‐ (826,028 ) Net amount 1,471,256 1,013,408 (158,069 ) (1,070 ) (403,625 ) (3,551 ) 1,918,349 (i) Refers to R$ 1,070 transferred to property, plant and equipment Weighted average useful life (years) Balance as of 12/31/2020 Additions Amortization Transfers (i) Write-offs and disposals Exchange rate variation Reclassification to assets held for sale (ii) Balance as of 12/31/2021 Cost: Goodwill (a) 1,525,088 ‐ ‐ ‐ ‐ ‐ (706,992 ) 818,096 Software (b) 4 1,395,046 284,311 ‐ 372 (19,826 ) 1,808 (514,731 ) 1,146,980 Technology 32,617 ‐ ‐ ‐ ‐ ‐ (32,617 ) ‐ Distribution rights 12 133,599 ‐ ‐ ‐ ‐ ‐ (19,006 ) 114,593 Brands (c) 136,962 ‐ ‐ ‐ ‐ 4,759 (72,523 ) 69,198 Trademark rights (c) 39 114,792 ‐ ‐ ‐ ‐ ‐ ‐ 114,792 Others (d) 10 50,698 1,678 ‐ ‐ ‐ (76 ) (51,879 ) 421 Decarbonization credits (e) ‐ 176,837 ‐ ‐ (176,837 ) ‐ ‐ ‐ 3,388,802 462,826 ‐ 372 (196,663 ) 6,491 (1,397,748 ) 2,264,080 Accumulated amortization: Software (825,024 ) ‐ (206,025 ) (203 ) 19,329 (1,566 ) 334,087 (679,402 ) Technology (32,616 ) ‐ ‐ ‐ ‐ ‐ 32,616 ‐ Distribution rights (113,326 ) ‐ (3,093 ) ‐ ‐ ‐ 15,392 (101,027 ) Trademark rights (9,056 ) ‐ (2,937 ) ‐ ‐ ‐ ‐ (11,993 ) Others (32,845 ) ‐ (167 ) ‐ ‐ (2 ) 32,612 (402 ) (1,012,867 ) ‐ (212,222 ) (203 ) 19,329 (1,568 ) 414,707 (792,824 ) Provision for losses and impairment: Goodwill (a) (593,280 ) (68,273 ) ‐ ‐ ‐ ‐ 661,553 ‐ Distribution rights ‐ (76,218 ) ‐ ‐ ‐ ‐ 76,218 ‐ (593,280 ) (144,491 ) ‐ ‐ ‐ ‐ 737,771 ‐ Net amount 1,782,655 318,335 (212,222 ) 169 (177,334 ) 4,923 (245,270 ) 1,471,256 (i) Refers to amounts transferred from property, plant and equipment. (ii) For further information, see Note 29 a. Goodwill The remaining net balance of goodwill on the following acquisitions is assessed for impairment annually or more frequently when there is indication that the goodwill might be impaired. Segment 12/31/2023 12/31/2022 Goodwill on the acquisition of: Ipiranga (i) Ipiranga 276,724 276,724 União Terminais Ultracargo 211,089 211,089 Texaco Ipiranga 177,759 177,759 Iconic (CBLSA) Ipiranga 69,807 69,807 Temmar Ultracargo 43,781 43,781 DNP Ipiranga 24,736 24,736 Repsol Ultragaz 13,403 13,403 Neogás (ii) Ultragaz 7,761 ‐ Stella (ii) Ultragaz 103,051 99,679 Serra Diesel Ultrapar 14,217 ‐ TEAS (iii) Ultracargo 797 797 943,125 917,775 (i) Including R$ 246,163 presented as goodwill at the Parent. (ii) For further information, see Notes 28.a and 28.b (iii) On April 27, 2023, the Company was merged into Ultracargo Logística S.A. As of December 31, 2023, the Company assessed the balances of goodwill shown in the table above for impairment. The determination of value in use involves assumptions, judgments, and estimates of cash flows, such as growth rates of revenues, costs and expenses, estimates of investments and working capital, and discount rates. The assumptions about growth projections of future cash flows are based on the Company’s business plan of its operating segments, as well as comparable market data, and represent management’s best estimate of the economic conditions that will exist over the economic life of the various CGUs to which goodwill is related. The main key assumptions used by the Company to calculate the value in use are described below. Period of evaluation: the evaluation of the value in use is calculated for a period of five years Nominal discount rate and real growth rate: the nominal discount and real growth rates used to extrapolate the projections at December 31, 2023 ranged from 10.1% to 11.1% and 0% to 0.5% p.a., respectively, depending on of the CGU analyzed. Revenue from sales and services, costs and expenses, and gross margin: considers the budget prepared for 2024 b. Acquisition and provision for decarbonization credits The Company, through its subsidiary IPP, has annual decarbonization obligation adopted by Brazilian National Biofuels Policy (“RenovaBio”), implemented by Law No. 13,576 2017 9,888 2019 419 The decarbonization credits (“CBIOS”) acquired are recorded at historical cost in intangible assets, being retired according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”). The obligation is registered under “Provision for decarbonization credits” in proportion to the annual targets established by the ANP, through the average acquisition cost of credits acquired and the fair value of traded credits on B 3 2023 2022 On April 25, 2023, Decree No. 11,499 2023 2022 2023 c. Software Includes user licenses and costs for the implementation of the various systems used by the Company and its subsidiaries: integrated management and control, financial management, foreign trade, industrial automation, operational and storage management, accounting information, and other systems. Also include expenses related to software in progress in the amount of R$ 11,200 in 2023 2022 2021 d. Brands and trademarks rights Brands are represented by the acquisition cost of the ‘am/pm’ brand in Brazil and the NEOgá s brand, acquired in the business combination, and Chevron and Texaco trademarks rights.

Loans, financing, debentures an

Loans, financing, debentures and derivative financial instruments	12 Months Ended
	Dec. 31, 2023
Loans, financing, debentures and derivative financial instruments
Loans, financing, debentures and derivative financial instruments	15 debentures and derivative financial instruments a. Composition Description Index/Currency Average financial charges Maturity 12/31/2023 12/31/2022 Foreign curency: Notes in the foreign market (e) USD 5.30% 2026 and 2029 3,694,339 3,973,816 Foreign loan (f) USD 4.60% 2024 and 2025 1,018,429 1,161,798 Foreign loan (f) JPY 1.30% 2025 439,852 - Foreign loan (f) EUR 4.40% 2024 126,171 54,542 Total in foreign currency 5,278,791 5,190,156 Brazilian Reais: Debentures – CRA (d) IPCA + 5.10% 2024 and 2032 3,434,287 3,011,462 Debentures – CRA (d) %DI 97.50% 2023 - 660,485 Debentures - Ultracargo IPCA + 4.10% 2028 556,677 482,185 CCB (g) %DI 109.40% 2025 552,407 - Debentures – CRA (d) Fixed rate 11.20% 2027 539,914 - Debentures – CRA (d) DI+ 0.70% 2027 488,269 - CDCA (g) % DI 108.60% 2024 201,848 - Debentures – Ultracargo Logística (d) Fixed rate 6.50% 2024 87,826 81,548 FINEP TJLP ( 1 1.00% 2024 and 2026 1,264 - Debentures - 6th issuance(d) %DI 0.00% 2023 - 1,800,213 Total in Brazilian Reais 5,862,492 6,035,893 Total in foreign currency and Brazilian Reais 11,141,283 11,226,049 Derivative financial instruments (*) 626,734 524,312 Total 11,768,017 11,750,361 Current 1,993,254 3,360,677 Non-current 9,774,763 8,389,684 (*) Accumulated losses (see Note 26 .g). ( 1 TJLP (Long-term Interest Rate) = set by the National Monetary Council, the TJLP is the basic financing cost of Banco de e Social (“BNDES”), the Brazilian Development Bank. On December 31, 2023, TJLP was fixed at % p.a. (7.20% p.a in 2022 and 5.32% p.a in 2021). The changes in loans, financing, debentures and derivative financial instruments are shown below: Balance as of December 31, 2020 17,376,216 New loans and debentures with cash effect 1,462,220 Interest accrued 801,102 Principal payment (2,922,214 ) Interest payment (749,043 ) Monetary and exchange rate variation 800,749 Change in fair value (229,657 ) Hedge result 80,018 Reclassification to liabilities held for sale (241,748 ) Balance as of December 31, 2021 16,377,643 New loans with cash effect 1,519,580 Interest accrued 945,023 Principal payment (5,848,611 ) Interest payment (914,979 ) Monetary and exchange rate variation (587,064 ) Change in fair value (68,366 ) Hedge result 327,135 Balance as of December 31, 2022 11,750,361 New loans (d; e; f) 2,903,031 Interest accrued 761,052 Principal payment (3,149,525 ) Interest payment (742,724 ) Balance of acquired company (see Note 28 111,328 Monetary and exchange rate variation (319,488 ) Change in fair value 351,560 Hedge result 102,422 Balance as of December 31, 2023 11,768,017 The long-term debt had the following principal maturity schedule: 12/31/2023 12/31/2022 1 2 1,879,412 817,898 2 3 2,243,967 782,965 3 4 1,023,820 2,268,647 4 5 1,691,595 - More than 5 2,935,969 4,520,174 9,774,763 8,389,684 The transaction costs and issuance premiums associated with debt issuance were added to their financial liabilities. The Company’s Management entered into hedging instruments against foreign exchange and interest rate variations for a portion of its debts (see Note 26 b. Transaction costs Transaction costs incurred in issuing debt were deducted from the value of the related contracted financing and are recognized as an expense according to the effective interest rate method as follows: Debentures Notes in the foreign market Banco do Brasil Promissory notes 12/31/2020 28,348 37,112 332 1,318 Incurred costs 40,953 - - - Payments (14,811 ) (4,890 ) (256 ) (1,318 ) Reclassification to liabilities held for sale - (4,204 ) - - 12/31/2021 54,490 28,018 76 - Incurred costs 30,420 - - - Payments (16,742 ) (15,613 ) (76 ) - 12/31/2022 68,168 12,405 - - Incurred costs 23,569 - - - Payments (17,337 ) (2,289 ) - - 12/31/2023 74,400 10,116 - - The amount to be appropriated to profit or loss in the future is as follows: 12/ Up to 1 18,583 1 2 17,685 2 3 17,336 3 4 13,624 4 5 8,277 More than 5 9,011 Total 84,516 c. Guarantees The financing does not have collateral as of December 31, 2023 and 2022 and has guarantees and promissory notes in the amount of R$ 10,966,890 as of December 31, 2023 (R$ 9,371,295 as of December 31, 2022). The Company and its subsidiaries offer collateral in the form of letters of guarantee for commercial and legal proceedings in the amount of R$ 103,600 as of December 31, 2023 (R$ 115,451 as of December 31, 2022). The subsidiary IPP issued collateral to financial institutions in connection with the amounts payable by some of its customers to such institutions with maximum future settlements related to these guarantees on the amount of R$ 397,152 (R$ 550,908 as of December 31, 2022). If the subsidiary IPP is required to make any payment under these collateral arrangements, this subsidiary may recover the amount paid directly from its customers through commercial collection. Until December 31, 2023, the subsidiary IPP did not have losses in connection with these collateral arrangements. d. Debentures Refers to funds raised by the Company and its subsidiaries and used, substantially, on the ordinary course of its business. Issuance date Nature Company Issuing company Issuance Series Final Maturity Amount Original remuneration Hedge instrument/ swap Remuneration payment Payment of the face value Apr-17 CRA Ipiranga Prod. De Petróleo S.A. Eco Consult - Consultoria de Oper. Financ. Agropecuárias Ltda. 5 th 2 nd Apr-24 R$ 352,361 IPCA + 4.68% 93.9% of DI Annually Lump sum at final maturity Oct-17 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 7 th 2 nd Oct-24 R$ 213,693 IPCA + 4.34% 97.3% of DI Annually Lump sum at final maturity Dec-18 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 8 th 2 nd Dec-25 R$ 240,000 IPCA + 4.61% 97.1% of DI Annually Lump sum at final maturity Nov-19 Debentures Ultracargo Logistica S.A. - 1 st Single Nov-24 R$ 90,000 6.47% 99.94% of DI Semiannually Lump sum at final maturity Mar-21 Debentures Ultracargo Soluções Logísticas S.A. - 1 st Single Mar-28 R$ 360,000 IPCA + 4.04% 111.4% of DI Semiannually Lump sum at final maturity Mar-21 Debentures Ultracargo Logistica S.A. -. 2 nd Single Mar-28 R$ 100,000 IPCA + 4.37% 111.4% of DI Semiannually Lump sum at final maturity Sep- 21 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 10 th Single Sep-28 R$ 960,000 IPCA + 4.8287% 102.75% of DI Semiannually Lump sum at final maturity Jun-22 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 11 th Single Jun-32 R$ 1,000,000 IPCA + 6.0053% 104.8% of DI Semiannually Anual from the 8 t h Jun-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 12 th 1 st Jun-27 R$ 325,791 11.17% p.a. 105.1% of DI Quarterly Lump sum at final maturity Jun-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 12 th 2 nd Jun-27 R$ 292,209 DI + 0.70% p.a. - Quarterly Lump sum at final maturity Jul-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 13 th 1 st Jul-27 R$ 200,000 11.17% p.a. 102.9% of DI Quarterly Lump sum at final maturity Jul-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 13 th 2 nd Jul-27 R$ 200,000 DI + 0.70% p.a. - Quarterly Lump sum at final maturity On April 2022, Ipiranga Produtos de Petróleo S/A settled the contract relating to the 5 th issue, 1 st series, signed on April 2017 in the amount of R$ 660,139. On October 2022, Ipiranga Produtos de Petróleo S/A settled the contract relating to the 7 th issue, 1 st series, signed on October 2017 in the amount of R$ 730,384. On March 2023, the Company settled the contract relating to the 6 th issue, single series, signed on March 2018 in the amount of R$ 1,725,000. On December 2023, subsidiary Ipiranga settled the contract relating to the 8 th issue, 1 st series, signed on December 2018 in the amount of R$ 660,000. The Company and its subsidiaries contracted hedging instruments for variations of the respective indexes. The hedging instruments was designated as fair value hedges, therefore, debentures and hedging instruments are both presented at fair value from inception, with changes in fair value recognized in profit or loss. The debentures do not have financial covenants. The debentures have maturity dates distributed as shown below (includes accrued interest through December 31, 2023): Maturity 12/31/2023 Charges ( 1 191,959 Apr/2024 491,882 Oct/2024 295,933 Nov/2024 90,000 Dec/2025 317,934 Jun/2027 618,000 Jul/2027 400,000 Mar/2028 550,621 Sept/2028 1,101,274 Jun/2030 349,790 Jun/2031 349,790 Jun/2032 349,790 Total 5,106,973 ( 1 Includes interest, transaction cost and mark to market. e. Notes in the foreign market On October 6, 2016, Ultrapar International issued US$ 750,000 in notes in the foreign market maturing in October 2026 and financial charges of 5.25% per year, settled semiannually. The issue price was 98.097% of the face value amount. On June 6, 2019, were issued US$ 500 in notes in the foreign market maturing in June 2029 and financial charges of 5.25% per year, settled semiannually. The issue price was 100% of the face value amount. On June 21, 2019, Ultrapar International repurchased US$ 200,000 in notes in the foreign market maturing in October 2026 and, additionally, on July 13, 2020, realized the reopening of notes in the foreign market issued in 2019 On April 7, 2022, Ultrapar International commenced cash tender offers to repurchase notes in the international market (“Repurchase Offers”) of up to US$ 550,003,000.00 (“Initial Aggregate Repurchase Amount”), involving (i) up to the totality of the 5.250% Senior Notes due in 2026 2026 2029 due in 2029 2029 On April 14, 2022, Ultrapar International repurchased US$ 114,129 thousand (equivalent to R$ 552,533 as of December 31, 2023) in notes in the foreign market maturing in October 2026. On April 18, 2022, the subsidiary Ultrapar International repurchased US$ 200 thousand (equivalent to R$ 968 as of December 31, 2023) of notes in the foreign market maturing in October 2026. On April 27, 2022, Ultrapar International repurchased US$ 485,667 thousand (equivalent to R$ 2,351,260 as of December 31, 2023) of notes in the foreign market maturing in June 2029. As a result of the issuance of the notes in the foreign market, the Company and its subsidiaries are required to perform certain obligations, including: • Restriction on sale of all or substantially all assets of the Company and subsidiaries Ultrapar International and Ipiranga; • Restriction of encumbrances on assets exceeding US$ 150,000 thousand (equivalent to R$ 726,195 as of December 31, 2023) or 15 % of the amount of the consolidated tangible assets. The Company and its subsidiaries are in compliance with the commitments required by this debt. The restrictions imposed on the Company and its subsidiaries are customary in transactions of this nature and have not limited their ability to conduct their business to date. The note do not have financial covenants. f. Foreign loans Refers to funds raised by subsidiaries through Resolution 4131 Issuance Date Company Due date Principal Financial charges Hedge instrument/swap Dec-22 Cia Ultragaz S.A. Sep-25 USD 96,339 4.539% 108.5 of DI Jan-23 Iconic Lubrificantes S.A. Jan-24 EUR 22,480 EUR + 4.35% 111.9% of DI Jan-23 Cia Ultragaz S.A. Mar-25 JPY 12,564,392 JPY + 1.31% 109.4% of DI Mar-23 Cia Ultragaz S.A. Jul-24 USD 100,000 USD + 4.6% 110.9% of DI Mar-23 Iconic Lubrificantes S.A. Apr-24 USD 9,727 USD + 6.4% 116.0% of DI On September 2023, Ipiranga Produtos de Petróleo S.A. settled the contracts signed on September 2018, on the amount of US$ 60,000 and US$ 65,000. The companies designated these hedging instruments as a 26 1 The foreign loans have the maturity distributed as follows: Maturity EUR USD JPY R$ Cost in % of DI Charges ( 1 1,138 3,945 149,726 30,314 Jan/2024 22,438 - - 120,080 111.9 % Apr/2024 - 9,788 - 47,387 116.0 % Jul/2024 - 99,923 - 483,757 110.9 % Mar/2025 - - 12,703,925 434,728 109.4 % Sept/2025 - 96,707 - 468,186 108.5 % Total / weighted average cost 23,576 210,363 12,853,651 1,584,452 110.0 % ( 1 Considers interest, transaction cost and fair value adjustments. g. Other fundraisings On March 30, 2023, the subsidiary IPP raised a bank credit note backed by importing operations in the amount of R$ 500,000, with financial charges of 109.40% of the DI, due date on April 2, 2025,without financial covenants. On June 1, 2023, the subsidiary IPP raised an Agribusiness Credit Rights Certificate in the amount of R$ 200,000, with financial charges of 108.6% of the DI rate maturing on June 3, 2024

Trade Payables

Trade Payables	12 Months Ended
	Dec. 31, 2023
Trade payables
Trade Payables	16 a. Trade payables 12/31/2023 12/31/2022 Domestic suppliers 2,842,433 2,777,021 Foreign suppliers 1,692,786 1,674,287 Trade payables - related parties (see Note 8 .2 147,452 259,644 4,682,671 4,710,952 Some Company’s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries. b. Trade payables - reverse factoring 12/31/2023 12/31/2022 Domestic suppliers - reverse factoring 1,039,366 2,429,497 Foreign suppliers - reverse factoring ‐ 237,397 1,039,366 2,666,894 Some subsidiaries of the Company entered into agreements with financial institutions. These agreements consist in the anticipation of the receipt of trade payables by the supplier, in which the financial institutions prepay a certain amount from the supplier and receives, on the maturity date, the amount payable by the subsidiaries of the Company without incidence of interest. The decision to join this type of transaction is solely and exclusively of the supplier. The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. The transactions are presented in operating activities in the statement of cash flows.

Employee Benefits and Private P

Employee Benefits and Private Pension Plan	12 Months Ended
	Dec. 31, 2023
Employee benefits and private pension plan
Employee Benefits and Private Pension Plan	17 a. ULTRAPREV - Associação de Previdência Complementar In February 2001, the Company’s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associação de Previdência Complementar (“Ultraprev”), since August 2001. Each participating employee chooses his or her basic contribution to the plan, up to a limit of 11% of the employee’s reference salary, according to the rules of the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic contribution. As participating employees retire, they may choose to receive either (i) a monthly sum ranging between 0.3% and 1.0% of their respective accumulated fund in Ultraprev or (ii) a fixed monthly amount, which will exhaust their respective accumulated fund over a period of 5 to 35 years. The Company and its subsidiaries do not take responsibility for guaranteeing amounts or the duration of the benefits received by the retired employee. The balance of R$ 18,271 (R$ 18,204 as of December 31, 2022) regarding the reversal fund will be used to deduct normal sponsor contributions in a period of up to 73 months depending on the sponsor. The number of months is estimated according to the current amount being deducted from the contributions of the sponsor with the highest balance. In 2023 2022 2021 The total number of active and retired participants b. Post-employment benefits The subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, payment of Government Severance Indemnity Fund (“FGTS”), and health, dental care, and life insurance plan for eligible retirees. The amounts related to such benefits are based on a valuation conducted by an independent actuary and reviewed by Management as of December 31, 2023. 12/31/2023 12/31/2022 Health and dental care plan ( 1 211,279 164,428 Indemnification of FGTS 38,456 36,357 Seniority bonus 2,026 2,156 Life insurance ( 1 13,062 12,615 Total 264,823 215,556 Current 23,612 21,809 Non-current 241,211 193,747 (1) Applicable to IPP, Tropical and Iconic. Changes in the present value of the post-employment benefit obligation occurred as follows: 12/31/2023 12/31/2022 12/31/2021 Opening balance 215,556 215,719 284,724 Expense for the year of continuing operations 17,521 20,944 15,585 Expense (revenue) for the year of discontinued operations ‐ 494 2,951 Actuarial (gains) losses from changes in actuarial assumptions 52,099 (2,589 ) (58,954 ) Benefits paid directly by the Company and its subsidiaries (20,353 ) (19,012 ) (18,400 ) Exchange rates from post-employment benefits of foreign subsidiaries - - 217 Reclassification to liabilities held for sale (i) - - (10,404 ) Closing balance 264,823 215,556 215,719 The total expense for each year is presented below: 2023 2022 2021 Health and dental care plan 11,182 14,660 15,265 Indemnification of FGTS 4,909 4,766 4,409 Seniority bonus 286 563 (4,886 ) Life insurance 1,144 955 797 Total 17,521 20,944 15,585 The main actuarial assumptions used are: Economic factors 12/31/2023 12/31/2022 % p.a. % p.a. Discount rate for the actuarial obligation at present value 9.41 9.97 Average projected salary growth rate 6.83 6.98 Average projected bonus growth rate 7.33 7.07 Inflation rate (long term) 3.50 3.50 Growth rate of medical services 7.64 7.64 Average discount rate of medical services 9.53 10.01 Demographic factors Mortality Table for the life insurance benefit - CSO- 80 Mortality Table for other benefits – AT 2000 Disability Mortality Table - RRB 1983 1944 Disability Table – Weak light Sensitivity analysis The significant actuarial assumptions to determine the provision for post-employment benefits are: discount rate, salary growth and medical costs increases. The sensitivity analyses as of December 31, 2023, as shown below, were determined based on possible changes of assumptions occurring at the reporting date of the financial statements, keeping all other assumptions constant. Assumption Change in assumptions Decrease in liability Change in assumptions Increase in liability Discount rate increase by 1.0 p.p. 26,978 decrease 1.0 p.p. 33,577 Salary growth rate decrease by 1.0 p.p. 399 increase by 1.0 p.p. 432 Medical services growth rate decrease by 1.0 p.p. 24,871 increase by 1.0 p.p. 30,738 The sensitivity analyses presented may not represent the real change in the post-employment benefit obligation, since it is unlikely that changes occur in just one Inherent risks related to post-employment benefits Interest rate risk: a long-term interest rate is used to calculate the present value of post-employment liabilities. A reduction in this interest rate will increase the corresponding liability. Wage growth risk: the present value of the liability is calculated using as reference the wages of the plan participants, projected with the average nominal wage growth rate. An increase in the real wages of plan participants will increase the corresponding liability. Medical costs growth risk: the present value of the liability is calculated using as a reference the medical cost by age based on actual healthcare costs, projected based on the growth rate of medical services costs. An increase in the real medical costs will increase the corresponding liability.

Provisions and contingent liabi

Provisions and contingent liabilities	12 Months Ended
	Dec. 31, 2023
Disclosure of contingent liabilities [abstract]
Provisions and contingent liabilities	18 a. Provisions for tax, civil and labor risks The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor disputes at the administrative and judiciary levels. The table below shows the breakdown of provisions by nature and their changes: Provisions Balance as of 12/31/2022 Additions Reversals Payments Interest Acquisition of subsidiary (i) Balance as of 12/31/2023 IRPJ and CSLL (a .1 559,217 14,597 (6,717 ) ‐ 69,070 ‐ 636,167 Tax 68,434 46,743 (21,148 ) (14,747 ) 27,101 789 107,172 Civil, environmental and regulatory claims 93,416 124,857 (29,402 ) (39,071 ) ‐ 458 150,258 Labor litigation 73,172 27,333 (27,308 ) (16,310 ) 2,257 ‐ 59,144 Provision for indemnities (a .2 150,820 32,691 (7,969 ) ‐ 28,238 ‐ 203,780 Others 95,113 47,329 (8,031 ) ‐ 13,198 ‐ 147,609 Total 1,040,172 293,550 (100,575 ) (70,128 ) 139,864 1,247 1,304,130 Current 22,837 45,828 Non-current 1,017,335 1,258,302 (i) For further information, see Note 28 Provisions Balance as of 12/31/2021 Additions Reversals Payments Interest Balance as of 12/31/2022 IRPJ and CSLL (a .1 552,172 7,154 (36,683 ) ‐ 36,574 559,217 Tax 84,155 35,238 (14,907 ) (38,097 ) 2,045 68,434 Civil, environmental and regulatory claims 108,761 18,326 (9,980 ) (23,700 ) 9 93,416 Labor litigation 95,460 22,663 (22,387 ) (23,142 ) 578 73,172 Provision for indemnities (a .2 ‐ 150,820 ‐ ‐ ‐ 150,820 Others 91,637 4,812 (3,850 ) - 2,514 95,113 Total 932,185 239,013 (87,807 ) (84,939 ) 41,720 1,040,172 Current 119,942 22,837 Non-current 812,243 1,017,335 Provisions Balance on 12/31/2020 Additions Reversals Payments Interest Reclassification to liabilities held for sale (i) Balance as of 12/31/2021 IRPJ and CSLL 547,862 - (6,966 ) - 11,276 - 552,172 Tax 108,568 58,839 (83,536 ) - 284 - 84,155 Civil, environmental, and regulatory claims 57,772 87,066 (9,702 ) (8,116 ) 724 (18,983 ) 108,761 Labor litigation 90,675 42,826 (4,432 ) (17,068 ) 2,620 (19,161 ) 95,460 Others 93,168 63 (1,457 ) - 704 (841 ) 91,637 Total 898,045 188,794 (106,093 ) (25,184 ) 15,608 (38,985 ) 932,185 Current 43,660 119,942 Non-current 854,385 812,243 (i) For further information see Note 29. Balances of escrow deposits are as follows: 12/31/2023 12/31/2022 Tax 856,830 790,979 Labor 37,715 42,624 Civil and others 138,172 112,780 1,032,717 946,383 In the year ended December 31, 2023, the monetary adjustment on escrow deposits amounted to R$ 62,217 (R$ 26,969 as of December 31, 2022), recorded with a corresponding entry to financial income in profit or loss. a. 1 On October 7, 2005, the subsidiaries Cia. Ultragaz and Bahiana filed for and obtained a preliminary injunction to recognize and offset PIS and COFINS credits on LPG purchases, against other taxes levied by the RFB, notably IRPJ and CSLL. The decision was confirmed by a trial court on May 16, 2008. Under the preliminary injunction, the subsidiaries made escrow deposits for these debits, which amounted to R$ 600,259 as of December 31, 2023 (R$ 569,415 as of December 31, 2022). On July 18, 2014, a second instance unfavorable decision was published, and the subsidiaries suspended the escrow deposits, and started to pay income taxes from that date. To revert the court decision, the subsidiaries presented a writ of prevention, which was dismissed on December 30, 2014 and the subsidiaries appealed this decision on February 3, 2015. Appeals were also presented to the respective higher courts - Superior Court of Justice (“STJ”) and Federal Supreme Court (“STF”) whose final trials are pending. At the STJ, the issue was subject to the system of Repetitive Appeals (Repetitive Issue No. 1093 a. 2 Provision for indemnities On April 1, 2022, Ultrapar concluded the transaction for the sale of Oxiteno, for which it was agreed that the former shareholder, Ultrapar, is responsible, in accordance with the terms and conditions of the share purchase and sale agreement, for losses resulting from claims arising from acts, facts or omissions that occurred prior to the closing of the transaction. A provision for indemnities in the amount of R$ 168,568 was recorded, R$ 92,823 related to labor claims, R$ 17,584 related to civil claims and R$ 58,160 related to tax claims, which may be reimbursed to Indorama, in the event of materialization of such losses. On August 1, 2022, Ultrapar concluded the transaction for the sale of Extrafarma, for which it was agreed that the former shareholder, subsidiary IPP, is responsible, in accordance with the terms and conditions of the share purchase and sale agreement, for losses resulting from claims arising from acts, facts or omissions that occurred prior to the closing of the transaction. A provision for indemnities in the amount of R$ 35,075 was recorded, R$ 16,259 of which related to labor claims, R$ 6,420 to civil claims and R$ 12,395 to tax claims, which may be reimbursed to Pague Menos, in the event of materialization of such losses. b. Contingent liabilities (possible) The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor claims whose likelihood of loss is assessed by the legal departments of the Company and its subsidiaries as possible, based on the opinion of its external legal advisors and based on these assessments, these claims were not provided for in the financial statements. The estimated amount of this contingency is R$ 4,013,392 as of December 31, 2023 (R$ 3,601,865 as of December 31, 2022). b. 1 The Company and its subsidiaries have contingent liabilities for tax and social security matters in the amount of R$ 3,148,222 as of December 31, 2023 (R$ 2,656,479 as of December 31, 2022), mainly represented by: b. 1.1 b. 1.2 b. 1.3 b. 1.3.1 2017 b. 2 , and regulatory claims The Company and its subsidiaries have contingent liabilities for civil, environmental and regulatory claims in the amount of R$ 624,653 as of December 31, 2023 (R$ 690,052 as of December 31, 2022), mainly represented by: b. 2.1 2001 b. 2.2 b. 3 The Company and its subsidiaries have contingent liabilities for labor matters in the amount of R$ 240,515 as of December 31, 2023 (R$ 255,334 as of December 31, 2022). b. 4 In December 2022, the Company by means of its subsidiary Ipiranga, as the assignor, entered into an agreement with a Receivables Investment Fund (“FIDC”) to assign 90% of its receivables from an action for damages (contingent asset), with an initial fixed amount of R$ 140,000 recorded. The first portion of R$ 60,000 was received on December 29, 2022, and the remaining portion of R$ 80,000 (recorded under Other receivables as of December 31, 2022) was received on March 31, 2023, and bore interest based on DI rate calculated up to the settlement date. The underlying agreement establishes that the assignment transaction between the assignor and the assignee is irrevocable, irreversible, and transfers all risks and rewards. c. Lubricants operation between Ipiranga and Chevron In the lubricants' operation in Brazil between Chevron and subsidiary Ipiranga (see Note 3 Additionally, in connection with the business combination, a provision of R$ 198,900 was recognized on December 1, 2017 related to contingent liabilities and an indemnification asset in the same amount was recognized under Other receivables – indemnification asset, with a balance of R$ 95,905 as of December 31, 2023 (R$ 100,548 as of December 31, 2022). The amounts of provisions and contingent liabilities recognized in the business combination and the liability of the shareholder Chevron will be reimbursed to subsidiary Iconic in the event of losses without the need to recognize an allowance for expected credit losses. The amount of the provision of Chevron’s liability of R$ 29,022 refers substantially to: (i) R$ 25,777 ICMS assessments on sales for industrial purposes, in which the STF closed the judgment of the thesis unfavorably to taxpayers; (ii) R$ 3,030 labor claims.

Subscription warrants - indemni

Subscription warrants - indemnification	12 Months Ended
	Dec. 31, 2023
Disclosure of Subscription Warrants Indemnification [Abstract]
Subscription warrants - indemnification	19 Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants – indemnification were issued, corresponding to up to 6,411,244 shares of the Company. The subscription warrants could be exercised beginning 2020 3 2020 2020 On February 24, 2021, August 11, 2021, February 23, 2022, August 3, 2022, February 15, 2023 and August 9, 2023, the Board of Directors approved the issuance of, respectively, 70,939, 31,032, 43,925, 21,472, 31,211 and 8,199 common shares within the authorized capital limit provided by article 6 As set out in the association agreement between the Company and Extrafarma of January 31, 2014 and due to the unfavorable decisions on some lawsuits with triggering events prior to January 31, 2014, 715,871 shares linked to the subscription warrants – indemnification were canceled and not issued. For the year ended December 31, 2023, R$ 45,084 was recorded as financial expense (financial income of R$ 5,099 for the year ended December 31, 2022 and finance income of R$ 33,180 for the year ended December 31,2021) due to the update of subscription warrants, and 3,293,074 shares linked to subscription warrants remain retained – indemnification which may be issued or canceled depending on whether the final decisions on the lawsuits will be favorable or unfavorable, being the maximum number of shares that can be issued in the future, totaling R$ 87,299 (R$ 42,776 as of December 31, 2022).

Equity

Equity	12 Months Ended
	Dec. 31, 2023
Equity [abstract]
Equity	20 a. Share capital As of December 31, 2023, the subscribed and paid-up capital consists of 1,115,212,490 common shares with no par value (1,115,173,080 as of December 31, 2022), and the issuance of preferred shares and participation certificates is prohibited. Each common share entitles its holder to vote at Shareholders’ Meetings. On April 19, 2023 the Ordinary General Meeting approved the increase in the Company's capital in the total amount of R$ 1,450,000, without the issuance of shares, through the incorporation into the share capital of part of the amounts recorded in the statutory reserve for investments, of R$ 567,425, and amounts recorded in the legal reserve, of R$ 882,575. As of December 31, 2023, there were 52,197,033 common shares outstanding abroad in the form of ADRs (58,895,761 shares as of December 31, 2022 and 50,374,275 shares as of December 31, 2021). b. Equity instrument granted The Company has a share-based incentive plan that establishes the general terms and conditions for the concession of common shares issued by the Company held in treasury (see note 8 c. Treasury shares The Company acquired its own shares at market prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled. As of December 31, 2023, the balance was R$ 470,510 (R$ 479,674 as of December 31, 2022) and 16,195,439 common shares (19,974,556 as of December 31, 2022 and 23,756,393 as of December 31, 2021) were held unrestricted in the Company's treasury, acquired at an average cost of R$ 18.30. The balance of treasury shares as of December 31, 2023 is as follows (in number of shares): 12/31/2023 12/31/2022 Balance of unrestricted shares held in treasury 16,195,439 19,974,556 Balance of treasury shares granted with right of use (see note 20 9,515,384 6,184,427 Total balance of treasury shares as of December 31, 2023 25,710,823 26,158,983 d. Revaluation reserve The revaluation reserve, recognized prior to the adoption of the international accounting standards (IFRS), reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries. e. Profit reserves e. 1 Legal reserve Under Brazilian Corporate Law the Company is required to allocate 5% of net annual earnings to a legal reserve, until the balance reaches 20% of share capital. As of December 31, 2023, the legal reserve totaled R$ 121,990 (R$ 882,575 as of December 31, 2022). This reserve may be used to increase capital or to absorb losses but may not be distributed as dividends. e. 2 In compliance with Article 194 54 The investments reserve is free of distribution restrictions and totaled R$ 6,267,569 as of December 31, 2023 (R$ 5,228,561 as of December 31, 2022). f. Accumulated other comprehensive income and cumulative translation adjustments f. 1 (i) Gains and losses on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges are recognized in equity as “Accumulated other comprehensive income”. Gains and losses are reclassified to initial cost of non-financial assets recognized in the statement of income at the moment of paid-off of the hedge instrument. (ii) Actuarial gains and losses relating to post-employment benefits, calculated based on a valuation conducted by an independent actuary, are recognized in equity under the heading “Accumulated other comprehensive income”. Gains and losses recorded in equity are not reclassified to profit or loss in subsequent periods (iii) The Company also recognizes in this item the effect of changes in the non-controlling interest in subsidiaries that do not result in loss of control. This amount corresponds to the difference between the amount by which the non-controlling interest was adjusted and the fair value of the consideration received or paid and represents a transaction with shareholders. Balance and changes in Accumulated other comprehensive income of the Company are as follows: Fair value of cash flow hedging instruments (i) Fair value of financial investments Actuarial gain/(loss) of post-employment benefits (ii) Non-controlling shareholders interest change (iii) Others Total Balance as at December 31, 2020 (609,277 ) 269 (53,351 ) 197,369 - (464,990 ) Changes in fair value of financial instruments 12,036 (672 ) - - - 11,364 IRPJ and CSLL on fair value (4,060 ) - - - - (4,060 ) Actuarial gains of post-employment benefits of subsidiaries - - 49,550 - - 49,550 IRPJ and CSLL on actuarial gains - - (14,002 ) - - (14,002 ) Balance as of December 31, 2021 (601,301 ) (403 ) (17,803 ) 197,369 - (422,138 ) Changes in fair value of financial instruments 910,804 403 - - 747 911,954 IRPJ and CSLL on fair value (309,503 ) - - - - (309,503 ) Actuarial gains of post-employment benefits of subsidiaries - - (610 ) - - (610 ) IRPJ and CSLL on actuarial gains - - 271 - - 271 As of December 31, 2022 - - (18,142 ) 197,369 747 179,974 Changes in fair value of financial instruments (11,375 ) - - - 284 (11,091 ) IRPJ and CSLL on fair value 3,691 - - - - 3,691 Actuarial gains of own and subsidiaries’ post-employment benefits - - (28,710 ) - - (28,710 ) IRPJ and CSLL on actuarial gains - - 10,244 - - 10,244 As of December 31, 2023 (7,684 ) - (36,608 ) 197,369 1,031 154,108 f. 2 The change in exchange rates on assets, liabilities, and income of foreign subsidiaries that have functional currency other than the presentation currency of the Company and an independent management and the exchange rate variation on notes in the foreign market, net of income taxes is directly recognized in the equity. This cumulative effect is reflected in profit or loss as a gain or loss only in case of disposal or write-off of the investment. Balance and changes in cumulative translation adjustments of the Company are as follows: 2023 2022 2021 Initial balance - 304,645 231,596 Currency translation adjustment of foreign subsidiaries - (269,482 ) 97,113 Effect of foreign currency exchange rate variation on notes in the foreign market - 80,057 (36,461 ) IRPJ and CSLL on foreign currency exchange rate variation on notes in the foreign market - (27,219 ) 12,397 Reclassification to income due to sale of investment - (88,001 ) - Final balance - - 304,645 g. Capital reserve The capital reserve reflects the gain or loss on the disposal of shares for concession of usufruct to executives of the Company's subsidiaries, when the plan is finalized, as mentioned in Note 8 2014 19 h. Allocation of income for the year The shareholders of the Company are entitled under the Bylaws to a minimum annual dividend of 25% of adjusted net income, after allocation of 5% to the legal reserve, calculated in accordance with Brazilian Corporate Law. The dividends and interest on capital in excess of the obligation established in the Bylaws are recognized in equity until the shareholders approve them. The proposed dividends payable that refers to the year 2022 ten twenty-five 2023 forty The management's proposal for the allocation of net income for 2023 Allocation of net income 12/31/2023 12/31/2022 12/31/2021 Net income for the year attributable to shareholders of Ultrapar 2,439,795 1,800,839 850,463 Legal reserve (5% of the net income) (121,990 ) (90,042 ) (42,523 ) Adjusted net income (basis for dividends) 2,317,805 1,710,797 807,940 Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 2022 2021 579,451 427,699 403,970 Total distribution 579,451 427,699 403,970 Interim dividends already distributed (R$ 0.25 per share in 2023 2021 (273,798 ) - (218,074 ) Interest on capital, net of income tax, already paid (R$ 0.35 per share in 2022 - (396,314 ) - Additional dividends to the minimum mandatory dividends 134,031 78,130 - Balance of proposed dividends payable (R$ 0.40 per share in 2023 2022 2021 439,684 109,515 185,896 Allocation of dividends Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 2022 2021 579,451 427,699 185,896 Balance of proposed dividends 134,031 78,130 185,896 Allocation of net income Legal reserve (5% of the net income) 121,990 90,042 42,523 Statutory reserve 1,604,323 1,204,968 403,970 Interim dividends 273,798 - - Interest on capital, net of income tax, already paid (R$ 0.35 per share) (*) - 396,314 - Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022 (-) interim dividends, 50% of the adjusted net income in 2021) 305,653 31,385 403,970 Additional dividends to the minimum mandatory dividends 134,031 78,130 - Total distribution of net income for the year attributable to shareholders of Ultrapar 2,439,795 1,800,839 850,463 (*) The gross amount of interest on capital was R$ 450,004 Changes in dividends payable are as follows: Balance as of December 31, 2020 442,133 Provisions 478,366 Prescribed dividends (11,816 ) Payments (705,753 ) Reclassification to liabilities of subsidiaries held for sale (70 ) Balance as of December 31, 2021 202,860 Provisions 429,964 Prescribed dividends (2,948 ) Payments (581,351 ) Balance as of December 31, 2022 48,525 Provisions 688,189 Prescribed dividends (2,048 ) Payments (400,025 ) Balance as of December 31, 2023 334,641

Costs and expenses by nature

Costs and expenses by nature	12 Months Ended
	Dec. 31, 2023
Expenses by nature [abstract]
Costs and expenses by nature	2 1 Costs and expenses by nature The Company presents its costs and expenses by function in the consolidated statement of income and presents below its expenses by nature: 2023 2022 2021 Raw materials and materials for use and consumption ( 1 (114,657,376 ) (135,651,809 ) (104,233,143 ) Personnel expenses (2,335,738 ) (1,657,783 ) (1,575,066 ) Freight and storage (1,378,054 ) (1,033,718 ) (899,188 ) Decarbonization obligation ( 2 (740,298 ) (638,542 ) (161,281 ) Services provided by third parties (662,542 ) (442,379 ) (399,904 ) Depreciation and amortization (840,377 ) (732,241 ) (653,118 ) Amortization of right-of-use assets (305,899 ) (288,419 ) (260,716 ) Advertising and marketing (235,167 ) (102,205 ) (106,352 ) Extemporaneous tax credits ( 3 19,527 34,247 213,183 Other expenses and income, net ( 4 (468,795 ) 45,604 (54,432 ) Total (121,604,719 ) (140,467,245 ) (108,130,017 ) Classified as: Cost of products and services sold (116,730,469 ) (136,276,257 ) (104,827,966 ) Selling and marketing (2,253,226 ) (2,141,985 ) (1,931,666 ) General and administrative expenses (2,018,159 ) (1,534,481 ) (1,466,551 ) Other operating income (expenses), net (602,865 ) (514,522 ) 96,166 Total (121,604,719 ) (140,467,245 ) (108,130,017 ) ( 1 Includes credits of PIS and COFINS that refers to Law 192 7 ( 2 Refers to the obligation adopted by to meet targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note 14 ( 3 Refers substantially to PIS and COFINS credits recorded in 2022 2023 ( 4 Includes gains from receipt of asset insurance claims in the amount of R$ 49,355.

Gain (loss) on disposal of prop

Gain (loss) on disposal of property, plant and equipment and intangible assets	12 Months Ended
	Dec. 31, 2023
Gain (loss) on disposal of property, plant and equipment and intangible assets
Gain (loss) on disposal of property, plant and equipment and intangible assets	2 2 Gain (loss) on disposal of property, plant and equipment and intangible assets The gain or loss is determined as the difference between the selling price and residual book value of the investment, property, plant and equipment, and intangible asset. The accumulated result until December 31, 2023 was a gain of R$ 121,935 (gain of R$ 169,289 in 2022 2021

Financial result, net

Financial result, net	12 Months Ended
	Dec. 31, 2023
Disclosure of Finance Income (Expense) [Abstract]
Financial result, net	2 3 Financial result , net 2023 2022 2021 Financial income: Interest on financial investments 518,607 388,675 101,326 Interest from customers 127,562 128,052 109,999 Update of subscription warrants (see Note 19 ‐ 5,099 33,180 Selic interest on PIS/COFINS credits 132,257 35,268 201,795 Update of provisions and other income 102,458 149,595 13,854 880,884 706,689 460,154 Financial expenses: Interest on loans (1,482,183 ) (1,465,259 ) (716,969 ) Interest on leases payable (143,005 ) (128,069 ) (110,878 ) Update of subscription warrants (see Note 19 (45,084 ) ‐ - Bank charges, financial transactions tax, and other taxes (156,481 ) (119,828 ) (70,801 ) Exchange variations, net of gain (loss) on hedging instruments 38,161 (458,032 ) (239,106 ) Update of provisions, net, and other expenses (91,422 ) (4,709 ) (85,132 ) (1,880,014 ) (2,175,897 ) (1,222,886 ) Total (999,130 ) (1,469,208 ) (762,732 )

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Earnings per share	2 4 Earnings per share The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a stock plan and subscription warrants, as mentioned in Notes 8 19 2023 2022 2021 Total Continuing operations Discontinued operations Total Continuing operations Discontinued operations (i) Total Basic earnings per share Net income for the year of the Company 2,439,795 1,498,981 301,858 1,800,839 785,199 65,264 850,463 Weighted average number of shares outstanding (in thousands) 1,095,469 1,091,990 1,091,990 1,091,990 1,090,500 1,090,500 1,090,500 Basic earnings per share - R$ 2.2272 1.3727 0.2764 1.6491 0.7200 0.0598 0.7799 Diluted earnings per share Net income for the year of the Company 2,439,795 1,498,981 301,858 1,800,839 785,199 65,264 850,463 Weighted average number of outstanding shares (in thousands), including dilution effects 1,104,942 1,098,692 1,098,692 1,098,692 1,096,962 1,096,962 1,096,962 Diluted earnings per share - R$ 2.2081 1.3643 0.2747 1.6391 0.7158 0.0595 0.7753 Weighted average number of shares (in thousands) Weighted average number of shares for basic earnings per share 1,095,469 1,091,990 1,090,500 Dilution effect Subscription warrants 3,334 3,445 3,548 Stock plan 6,139 3,257 2,914 Weighted average number of shares for diluted earnings per share 1,104,942 1,098,692 1,096,962 (i) For further details, see Note 29. Earnings per share of 2023 19

Segment information

Segment information	12 Months Ended
	Dec. 31, 2023
Segment information
Segment information	2 5 Segment information The Company has three 2022 a. Financial information related to segments The main financial information of each of the continuing operations of the Company’s segments is as follows. 2023 Statement of income Ipiranga Ultragaz Ultracargo Others ( 1 2 Subtotal Segments Eliminations Total Net revenue from sales and services 114,374,621 10,670,793 1,015,564 478,994 126,539,972 (491,271 ) 126,048,701 Transactions with third parties 114,087,604 10,669,365 815,249 476,483 126,048,701 - 126,048,701 Intersegment transactions 287,017 1,428 200,315 2,511 491,271 (491,271 ) - Cost of products and services sold (107,929,732 ) (8,485,215 ) (355,798 ) (426,256 ) (117,197,001 ) 466,532 (116,730,469 ) Gross profit 6,444,889 2,185,578 659,766 52,738 9,342,971 (24,739 ) 9,318,232 Operating income (expenses) Selling and marketing (1,606,134 ) (626,554 ) (11,395 ) (9,143 ) (2,253,226 ) ‐ (2,253,226 ) General and administrative (1,208,306 ) (298,171 ) (167,344 ) (369,077 ) (2,042,898 ) 24,739 (2,018,159 ) Gain (loss) on disposal of property, plant and equipment and intangible assets 169,276 13,199 103 (1,587 ) 180,991 (59,056 ) 121,935 Other operating income (expenses), net (658,614 ) 20,191 2,335 33,223 (602,865 ) ‐ (602,865 ) Operating income (loss) 3,141,111 1,294,243 483,465 (293,846 ) 4,624,973 (59,056 ) 4,565,917 Share of profit (loss) of subsidiaries, joint ventures and associates (7,508 ) 26 11,764 7,626 11,908 ‐ 11,908 Income (loss) before financial result and income and social contribution taxes 3,133,603 1,294,269 495,229 (286,220 ) 4,636,881 (59,056 ) 4,577,825 Depreciation of PP&E and amortization of intangible assets 404,831 291,462 105,274 39,302 840,869 (492 ) 840,377 Amortization of contractual assets with customers - exclusivity rights 606,036 1,410 ‐ ‐ 607,446 ‐ 607,446 Amortization of right-of-use assets 209,994 61,124 30,454 4,327 305,899 ‐ 305,899 Total depreciation and amortization 1,220,861 353,996 135,728 43,629 1,754,214 (492 ) 1,753,722 2022 Statement of income Ipiranga Ultragaz Ultracargo Others ( 1 2 Subtotal Segments Eliminations Total Net revenue from sales and services 131,337,966 11,483,398 867,148 218,770 143,907,282 (272,574 ) 143,634,708 Transactions with third parties 131,253,637 11,480,697 684,350 216,024 143,634,708 - 143,634,708 Intersegment transactions 84,329 2,701 182,798 2,746 272,574 (272,574 ) - Cost of products and services sold (126,569,490 ) (9,446,354 ) (340,621 ) (185,914 ) (136,542,379 ) 266,122 (136,276,257 ) Gross profit 4,768,476 2,037,044 526,527 32,856 7,364,903 (6,452 ) 7,358,451 Operating income (expenses) Selling and marketing (1,552,636 ) (576,087 ) (12,701 ) (561 ) (2,141,985 ) ‐ (2,141,985 ) General and administrative (828,753 ) (257,315 ) (134,208 ) (320,657 ) (1,540,933 ) 6,452 (1,534,481 ) Gain (loss) on disposal of property, plant and equipment and intangible assets 168,709 (1,381 ) (887 ) 2,848 169,289 ‐ 169,289 Other operating income (expenses), net (525,966 ) 6,235 3,330 1,879 (514,522 ) ‐ (514,522 ) Operating income 2,029,830 1,208,496 382,061 (283,635 ) 3,336,752 ‐ 3,336,752 Share of profit (loss) of subsidiaries, joint ventures and associates (10,052 ) 13 (3,880 ) 26,100 12,181 ‐ 12,181 Income (loss) before financial result and income and social contribution taxes 2,019,778 1,208,509 378,181 (257,535 ) 3,348,933 ‐ 3,348,933 Depreciation of PP&E and amortization of intangible assets 353,962 239,204 94,337 44,738 732,241 ‐ 732,241 Amortization of contractual assets with customers - exclusivity rights 503,751 1,502 - ‐ 505,253 (346 ) 504,907 Amortization of right-of-use assets 191,178 56,177 37,124 3,940 288,419 ‐ 288,419 Total depreciation and amortization 1,048,891 296,883 131,461 48,678 1,525,913 (346 ) 1,525,567 2021 Income Ipiranga Ultragaz Ultracargo Abastece aí Subtotal Others ( 1 2 Elimination Total Net revenue from sales and services 99,382,617 9,744,659 713,096 84,733 109,925,105 22,452 (214,715 ) 109,732,842 Transactions with third parties 99,382,547 9,740,657 518,762 84,733 109,726,699 6,143 - 109,732,842 Intersegment transactions 70 4,002 194,334 - 198,406 16,309 (214,715) - Cost of products and services sold (96,110,408 ) (8,626,340 ) (285,406 ) - (105,022,154 ) 70 194,118 (104,827,966 ) Gross profit 3,272,209 1,118,319 427,690 84,733 4,902,951 22,522 (20,597 ) 4,904,876 Operating income (expenses) Selling and marketing (1,409,350 ) (438,697 ) (9,213 ) (71,345 ) (1,928,605 ) (6,184 ) - (1,934,789 ) Loss allowance (reversion) for expected credit losses 23,536 (20,482 ) 69 - 3,123 - - 3,123 General and administrative (846,441) (202,002 ) (127,117 ) (113,544 ) (1,289,104 ) (198,044 ) 20,597 (1,466,551 ) Gain (loss) on disposal of property, plant and equipment and intangibles 183,862 2,138 (1,754 ) (9 ) 184,237 (48 ) - 184,189 Other operating income, net 74,574 10,976 3,876 5,159 94,585 1,581 - 96,166 Operating income (loss) 1,298,390 470,252 293,551 (95,006 ) 1,967,187 (180,173 ) - 1,787,014 Share of profit (loss) of subsidiaries, joint ventures and associates (859 ) (104 ) 602 - (361 ) (17,273 ) - (17,634 ) Operating income before finance income (expenses) and income and social contribution taxes 1,297,531 470,148 294,153 (95,006 ) 1,966,826 (197,446 ) - 1,769,380 Depreciation of PP&E and amortization of intangible assets charges 325,942 211,014 76,421 14,365 627,742 25,376 - 653,118 Amortization of contractual assets with customers – exclusive rights 280,975 1,546 - - 282,521 - - 282,521 Amortization of right-of-use assets 182,245 46,579 25,440 267 254,531 6,185 - 260,716 Total of depreciation and amortization 789,162 259,139 101,861 14,632 1,164,794 31,561 - 1,196,355 ( 1 ) Includes in the line “General and administrative and Revenue from sale of goods” the amount of R$ in 2023 (R$ in 2022 and R$ in 2021 ) of expenses related to holding structure . (2) The “Others” column refers to the parent Ultrapar and the subsidiaries Abastece Aí, Millenium, Serma, Imaven Imóveis Ltda. (“Imaven”), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR. In 2022 the Company ceased to present Abastece Aí as a separate segment, including its balance in the “Others” column. 12/31/2023 Item Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Eliminations Total Acquisition of property, plant and equipment 459,558 376,312 292,653 15,134 1,143,657 (131,018 ) 1,012,639 Capitalized interest and other items included in property, plant and equipment and provision for ARO 35,412 ‐ ‐ ‐ 35,412 ‐ 35,412 Acquisition of intangible assets 168,547 56,540 1,060 56,041 282,188 (7,497 ) 274,691 Payments of contractual assets with customers - exclusivity rights 597,798 ‐ ‐ ‐ 597,798 ‐ 597,798 Decarbonization credits (note 14 778,496 ‐ ‐ 389 778,885 ‐ 778,885 12/31/2022 Item Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Eliminations Total Acquisition of property, plant and equipment 427,861 318,750 175,984 6,641 929,236 ‐ 929,236 Capitalized interest and other items included in property, plant and equipment and provision for ARO 32,628 ‐ ‐ ‐ 32,628 ‐ 32,628 Acquisition of intangible assets 194,385 38,876 9,125 35,214 277,600 ‐ 277,600 Payments of contractual assets with customers - exclusivity rights 769,119 ‐ ‐ ‐ 769,119 ‐ 769,119 Decarbonization credits (note 14 635,130 ‐ ‐ ‐ 635,130 ‐ 635,130 12/31/2021 Item - Cash flows Ipiranga Ultragaz Ultracargo Abastece aí Others (3) Subtotal Segments Eliminations Total Acquisition of property, plant and equipment 386,693 336,871 298,272 636 5,947 1,028,419 ‐ 1,028,419 Capitalized interest and other items included in property, plant and equipment and provision for ARO 7,683 ‐ 2,782 ‐ 10,465 ‐ 10,465 Acquisition of intangible assets 156,498 30,150 15,819 34,824 197 237,488 ‐ 237,488 Payments of contractual assets with customers - exclusivity rights 420,261 ‐ ‐ ‐ 420,261 ‐ 420,261 Decarbonization credits (note 16 176,837 ‐ ‐ ‐ 176,837 ‐ 176,837 12/31/2023 Assets Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Total Total assets (excluding intersegment transactions) 25,042,098 4,144,983 3,233,270 5,831,623 38,251,974 38,251,974 12/31/2022 Assets Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Total Total assets (excluding intersegment transactions) 23,342,826 4,281,857 3,045,407 5,770,913 36,441,003 36,441,003 (3) The “Others” column comprises the parent (including goodwill from certain acquisitions) and the subsidiaries Aí, , , , International, UVC and UVC - de . b. Geographic area information The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below: 2023 2022 2021 Net revenue from sales and services: Brazil 124,400,378 140,801,146 109,598,146 United States of America and Canada 1,084,594 1,785,413 35,279 Other Latin American countries 204,306 73,351 69,523 Europe 202,665 607,416 18,876 Asia and Others 156,758 367,382 11,018 Total 126,048,701 143,634,708 109,732,842

Risks and Financial Instruments

Risks and Financial Instruments	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Risks and Financial Instruments	2 6 Risks and financial instruments a. Risk management and financial instruments - governance The main risks to which the Company and its subsidiaries are exposed reflect strategic/operational and economic/financial aspects. Operational/strategic risks (including, but not limited to, demand behavior, competition, technological innovation, and material changes in the industry structure) are addressed by the Company’s management model. Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as commodities prices, exchange and interest rates, as well as the characteristics of the financial instruments used by the Company and its subsidiaries and their counterparties. These risks are managed through control policies, specific strategies, and the establishment of limits. The Company has a policy for the management of resources, financial instruments, and risks approved by its Board of Directors (“Policy”). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are market risks (currencies, interest rates and commodities), liquidity and credit. The governance of the management of financial risks follows the segregation of duties below. The execution of the Policy is made by corporate financial board, through its treasury department, with the assistance of the controllership, tax and legal departments. The monitoring of compliance of the Policy and possible issues is the responsibility of the Financial Risk Committee (“Committee”), which is composed of the CFO, Administration and Control Director and other directors to be designated by the CFO, who meet quarterly. The monthly monitoring of Policy standards is the responsibility of the CFO. The approval of the Policy and the periodic assessment of Company exposure to financial risks are subject to the approval of the Company’s Board of Directors. The Audit and Risk Committee (“CAR”) advises the Board of Directors in the assessment of controls effectiveness, and the parameters of management and exposure of the Company to financial risks, and advices the Board of Directors in the assessment of eventual proposals for revision of the Policy. The Risk, Integrity and Audit Director monitors compliance with the Policy and reports to CAR the exposure to the risks and compliance with such Policy and reports any non-compliance with the Policy to the Board of Directors. b. Currency risk Most transactions of the Company, through its subsidiaries, are located in Brazil and , therefore, the reference currency for risk management is the Brazilian Real (Company’s functional currency). Currency risk management is guided by neutrality of currency exposures and considers the risks of the Company and its subsidiaries and their exposure to changes in exchange rates. The Company considers as its main currency exposures the changes in assets and liabilities in foreign currency. The Company and its subsidiaries use exchange rate hedging instruments (especially between the Brazilian Real and the U.S. dollar) available in the financial market to protect their assets, liabilities, receipts, and disbursements in foreign currency and net investments in foreign operations. Hedge is used in order to reduce the effects of exchange rates on the Company´s income and cash flows in Brazilian Reais within the exposure limits under its Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially equivalent to those of assets, liabilities, receipts, and disbursements in foreign currencies to which they are related. Assets and liabilities in foreign currencies are stated below, translated into Brazilian Reais: b. 1 Assets and liabilities in foreign currencies 12/31/2023 12/31/2022 Assets in foreign currency Cash, cash equivalents and financial investments in foreign currency (except hedging instruments) 371,474 311,017 Foreign trade receivables, net of allowance for expected credit losses 84,855 6,131 Other receivables 715,877 727,057 Other assets of foreign subsidiaries 152,393 280,738 1,324,599 1,324,943 Liabilities in foreign currency Financing in foreign currency, gross of transaction costs and negative goodwill of notes in the foreign market ( 1 (5,297,013 ) (5,213,100 ) Payables arising from imports (1,730,426 ) (1,939,984 ) (7,027,439 ) (7,153,084 ) Balance (gross) of foreign currency hedging instruments 5,309,125 5,274,302 Net liability position - total (393,715 ) (553,839 ) Net liability position - effect on statement of income (382,858 ) (553,839 ) Net liability position - effect on equity (10,857 ) - (1) As of December 31, 2023, the amount of negative goodwill of notes in the foreign market was R$ (R$ as of December 31, 2022). b. 2 For the base scenario, the average U.S. dollar rate of R$ 4.9416 (*) was used, based on future market curves as of December 31, 2023 on the net position of the Company exposed to the currency risk, simulating the effects of appreciation and devaluation of the Real in the income statement. As of December 31, 2023, the closing rate considered was R$ 4.8413. The table below shows the effects of the exchange rate changes on the net liability position of R$ 393,715 in foreign currency as of December 31, 2023: Risk Probable Scenario Effect on statement of income Real devaluation (7,935 ) Effect on equity Real devaluation (225 ) Net effect (8,160 ) Effect on statement of income Real appreciation 7,935 Effect on equity Real appreciation 225 Net effect 8,160 (*) Average US dollar on December 31, 2023, according to benchmark rates as published by B 3 c . Interest rate risk The Company and its subsidiaries adopt policies for borrowing and investing financial resources and for capital cost minimization. The financial investments of the Company and its subsidiaries are primarily held in transactions linked to the DI, as set forth in Note 4 . Fundraising primarily relates to debentures and borrowings in foreign currency, as disclosed in Note 15 . The Company seeks to maintain most of its financial assets and liabilities at floating rates. c. 1 Assets and liabilities exposed to floating interest rates The financial assets and liabilities exposed to floating interest rates are demonstrated below: Note 12/31/2023 12/31/2022 DI Cash equivalents 4 5,476,726 5,204,766 Financial investments 4 82,592 406,683 Trade receivables - sale of subsidiaries 5 208,487 369,508 Loans and debentures 15 (1,242,524 ) (2,460,698 ) Liability position of foreign exchange hedging instruments - DI 26 (4,629,475 ) (2,651,609 ) Liability position of fixed interest instruments + IPCA - DI 26 (3,938,201 ) (3,416,868 ) Net liability position in DI (4,042,395 ) (2,548,218 ) TJLP Loans – TJLP 15 (1,264 ) - Net liability position in TJLP (1,264 ) - Total net liability position exposed to floating interest (4,043,659 ) (2,548,218 ) c. 2 Sensitivity analysis of floating interest rate risk For the sensitivity analysis of floating rate risks on December 31, 2023, the Company used the market curves of the benchmark indexes (DI and TJLP) as a base scenario. The tables below show the incremental expenses and income that would be recognized in finance income, if the market curves of floating interest at the base date were applied to the average balances of the current year, due to the effect of floating interest rate. 12/31/2023 Exposure to floating interest Risk Probable Scenario Effect on interest of cash equivalents and financial investments Decrease in DI (i) (774 ) Effect on interest of debt in DI Decrease in DI (i) 17,516 Effect on income of short positions in DI of debt hedging instruments Decrease in DI (i) 123,687 Incremental revenues/(expenses) 140,429 Effect on interest of debt in TJLP TJLP decrease 7 Incremental expenses 7 (i) The annual base rate used was % and the sensitivity rate was % according to reference rates made available by B 3 , proportional to the 12 months period to sensitivity analysis. d. Credit risks The financial instruments that would expose the Company and its subsidiaries to credit risks of the counterparty are basically represented by cash and cash equivalents, financial investments, hedging instruments and other receivables (see Note 4 5 d. 1 Such risk results from the inability of counterparties to comply with their financial obligations to the Company and its subsidiaries due to insolvency, in addition to the risk related to the assets which composes an exposure. The Company and its subsidiaries regularly conduct a credit analysis of the institutions with which they hold cash and cash equivalents, financial investments, and hedging instruments through various methodologies that assess liquidity, solvency, leverage, portfolio quality, among others, prioritizing security and solidity. The volume of cash and cash equivalents, financial investments, hedging instruments and other assets are subject to maximum limits by each institution and, therefore, require diversification of counterparties. d. 2 The Company's policy allows investments in government securities from countries with determined investment grade attributed by specialized credit rating agencies (S&P, Moody’s and Fitch) and in Brazilian government bonds. The volume of such financial investments is subject to maximum limits by each country and, therefore, requires diversification of counterparties. The credit risk of financial institutions and governments related to cash and cash equivalents, financial investments and derivative financial instruments, by counterparty rating, is summarized below: Fair value Counterparty credit rating 12/31/2023 12/31/2022 AAA 6,714,493 5,720,996 AA 408,375 809,583 A 464 3,457 Others (*) 47,231 50,926 Total 7,170,563 6,584,962 (*) Refers substantially to investments as minority interest, which are classified as long term investments. d. 3 The credit policy establishes the analysis of the profile of each new customer, individually, regarding their financial condition. The credit analysis carried out by the Company’s subsidiaries includes the evaluation of external ratings, when available, financial statements, credit bureau information, industry information and, when necessary, bank references. Credit limits are established for each customer and reviewed periodically, in a shorter period the greater the risk, depending on the approval of the responsible area in cases of sales that exceed these limits. In monitoring credit risk, customers are grouped according to their credit characteristics and depending on the business the grouping takes into account, for example, whether they are individual or corporate customers, whether they are wholesalers, resellers or final customers, considering also the geographic area. The expected credit losses are calculated by the expected loss approach based on the probability of default rates. Loss rates are calculated on the basis of the average probability of a receivable amount to advance through successive stages of default until full write-off. The probability of default calculation takes into account a credit risk score for each exposure, based on data considered to be capable of foreseeing the risk of loss, with addition of the credit assessment based on experience. Such credit risks are managed by each business unit through specific criteria for acceptance of customers and their credit rating and are additionally mitigated by the diversification of sales. No single customer or group accounts for more than 10% of total revenue. The Company’s subsidiaries request guarantees related to trade receivables and other receivables in specific situations to customers. The Company’s subsidiaries maintained the following allowance for expected credit losses from its trade receivables and reseller financing: 12/31/2023 12/31/2022 Ipiranga 350,375 373,514 Ultragaz 116,583 120,076 Ultracargo 1,301 2,450 Others 591 ‐ Total 468,850 496,040 The table below presents information on credit risk exposure, resulting from balances of trade receivables and reseller financing: 12/31/2023 12/31/2022 Weighted average rate of losses Accounting balance Allowance for expected credit losses Weighted average rate of losses Accounting balance Allowance for expected credit losses Current 0.5% 4,412,278 24,131 0.5% 4,756,388 22,752 Less than 30 17.6% 61,451 4,683 7.5% 29,817 2,230 31 60 4.9% 57,753 2,841 11.1% 22,633 2,516 61 90 15.3% 23,845 3,646 26.5% 32,522 8,617 91 180 32.9% 47,430 15,609 34.4% 58,529 20,159 More than 180 48.8% 856,602 417,940 50.7% 868,072 439,766 5,459,359 468,850 5,767,961 496,040 The information on allowance for expected credit losses balances by geographic area is as follows: 12/31/2023 12/31/2022 Brazil 467,545 495,929 United States of America and Canada 9 61 Other Latin American countries 40 31 Europe 425 5 Others 831 14 468,850 496,040 For further information on the allowance for expected credit losses, see Notes 5 5 d. 4 Commodities price risk The Company and its subsidiaries are exposed to commodity price risk, due to the fluctuation in prices for diesel and gasoline, among others. These products are traded on the stock exchange and are subjected to the impacts of macroeconomic and geopolitical factors outside the control of the Company and its subsidiaries. To mitigate the risk of the fluctuation of diesel and gasoline prices, the Company and its subsidiaries permanently monitor the market, seeking the protection of price movements through hedge transactions, using contracts of derivatives traded on the stock exchange and over-the-counter. The table below shows the sensitivity analysis and positions of derivative financial instruments to hedge commodity price risk as of December 31, 2023 and December 31, 2022: Derivative Contract Notional amount (m 3 Notional amount (USD thousand) Fair value (R$ thousand) Possible scenario (∆ of 10 Position Product Maturity 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Commodity Forward Sold Heating Oil Feb-24 189,113 158,828 131,473 150,498 21,918 (52,214 ) (2,308 ) (124,293 ) Commodity Forward Sold RBOB Feb-24 6,677 52,466 3,807 31,382 440 (15,481 ) (11 ) (33,404 ) Commodity Forward Sold Soybean Oil Mar-24 1,951 - 2,977 - (52 ) - 22 - Commodity Forward Sold Sea Freight Jan-24 40,000 - 1,533 - (1,505 ) - 3,428 - Commodity Forward Sold Marine Fuel Mar-24 1,727 - 8,231 - (99 ) - 1,532 - 20,702 (67,695 ) 2,663 (157,697 ) e. Liquidity risk The Company and its subsidiaries’ main sources of liquidity derive from (i) cash, cash equivalents, and financial investments, (ii) cash generated from operations and (iii) financing. The Company and its subsidiaries believe that these sources are sufficient to satisfy their current funding requirements, which include, but are not limited to, working capital, capital expenditures, amortization of debt, and payment of dividends. The Company and its subsidiaries have sufficient working capital and sources of financing to meet their current needs. The gross indebtedness due over the next twelve 15 4 The table below presents a summary of financial liabilities and leases payable as of December 31, 2023 by the Company and its subsidiaries, listed by maturity. The amounts disclosed in this table are the contractual undiscounted cash flows, and, therefore, these amounts may be different from the amounts disclosed in the statement of financial position. Total Less than 1 Between 1 3 Between 3 5 More than 5 Loans, including future contractual interest ( 1 2 13,410,042 2,363,334 4,870,579 3,257,994 2,918,135 Derivative financial instruments ( 3 1,874,134 673,031 752,126 387,637 61,340 Trade payables 4,682,671 4,682,671 ‐ ‐ ‐ Trade payables - reverse factoring 1,039,366 1,039,366 - - - Leases payable 2,309,776 418,450 549,950 337,721 1,003,655 Financial liabilities of customers 362,581 18,670 343,911 - ‐ Contingent consideration 112,196 ‐ ‐ 112,196 ‐ Other payables 190,090 176,813 11,409 1,868 - ( 1 ) The interest on loans was estimated based on the US dollar futures contracts, Yen futures contracts, Euro futures contracts and on the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B 3 as of December 31, 2023. ( 2 ) Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date. ( 3 ) The derivative financial instruments were estimated based on the US dollar futures contracts and the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B 3 f. Capital management The Company manages its capital structure based on indicators and benchmarks to ensure business continuity while maximizing return to shareholders by optimizing its debt and capital structure. Capital structure is comprised of net debt (loans and financing, including debentures, according to note 15 12 4 Annually, the Company and its subsidiaries revise their capital structure, evaluating the cost of capital and the risks associated with each class of capital including the leverage ratio analysis, which is determined as the ratio between net debt and equity. The leverage ratio at the end of the year is as follows: 12/31/2023 12/31/2022 Gross debt (a) 13,291,951 13,274,130 Cash, cash equivalents, and short-term investments (b) 7,170,563 6,584,962 Net debt = (a) - (b) 6,121,388 6,689,168 Equity 14,029,826 12,174,968 Net debt-to-equity ratio 43.63% 54.94% g. Selection and use of financial instruments In selecting financial investments and hedging instruments, an analysis is conducted to estimate rates of return, risks involved, liquidity, calculation methodology for the carrying value and fair value, and a review is conducted of any documentation applicable to the financial instruments. The financial instruments used to manage the financial resources of the Company and its subsidiaries are intended to preserve value and liquidity. The Policy contemplates the use of derivative financial instruments only to cover identified risks and in amounts consistent with the risk (limited to 100% of the identified risk). The risks identified in the Policy are described in the above sections and are subject to risk management. In accordance with the Policy, the Company and its subsidiaries can use forward contracts, swaps, options, and futures contracts to manage identified risks. Leveraged derivative instruments are not permitted. Because the use of derivative financial instruments is limited to the coverage of identified risks, the Company and its subsidiaries use the term “hedging instruments” to refer to derivative financial instruments. The table below summarizes the gross balance of the position of hedging instruments contracted as well as of the gains (losses) that affect the equity and the statement of income of the Company and its subsidiaries: Derivatives designated as hedge accounting Product Hedged object Contracted rates Maturity Note Notional amount 1 Fair value as of 12/31/2023 Gains (losses) as of 12/31/2023 Assets Liabilities 12/31/2023 Assets Liabilities Income Statement Equity Foreign exchange swap Financing USD + 0.00% 53.60% of DI Oct-26 26 .2 USD 234,000 - (106,657 ) (145,949 ) (10,857 ) Foreign exchange swap Financing USD + 5.47% 110.02% of DI Sept-25 26 .1 USD 206,067 - (119,094 ) (223,555 ) - Foreign exchange swap Financing EUR + 5.12% 111.93% of DI Jan-24 26 .1 EUR 22,480 - (22,529 ) (23,304 ) - Foreign exchange swap Financing JPY + 1.50% 109.40% of DI Mar-25 26 .1 JPY12,564,393 - (120,746 ) (130,726 ) - Interest rate swap Financing IPCA + 5.03% 102.87% of DI Jun-32 26 .1 BRL 3,226,054 598,311 - 260,301 - Interest rate swap Financing 10.48% 103.64% of DI Jun-27 26 .1 BRL 615,791 12,515 (3,182 ) 10,694 - Commodity Forward Firm commitments BRL Heating Oil/ RBOB Jan-24 26 .1 USD 129,894 22,343 (854 ) (50,977 ) - NDF Firm commitments BRL USD Feb-24 26 .1 USD 211,179 3,959 (833 ) 19,012 - 637,128 (373,895 ) (284,504 ) (10,857 ) Product Hedged object Contracted rates Maturity Note Notional amount 1 Fair value as of 12/31/2022 Gains (losses) as of 12/31/2022 Assets Liabilities 12/31/2022 Assets Liabilities Income Statement Equity Foreign exchange swap Financing USD + 4.95% 106.67% of DI Sept-25 26 .1 USD 221,339 106,550 (9,243 ) (121,296 ) - Foreign exchange swap Financing EUR + 3.42% 111.60% of DI Mar-23 26 .1 EUR 9,709 1,954 - 2,573 - Foreign exchange swap Financing USD + LIBOR-3M + 1.14% 105.00% of DI - 26 .1 - - - (21,566 ) - Interest rate swap Financing IPCA + 5.03% 102.87% of DI Jun-32 26 .1 BRL 3,226,054 173,741 (59,789 ) (143,762 ) - Interest rate swap Financing 6.47% 99.94% of DI Nov-24 26 .1 BRL 90,000 - (9,513 ) (5,069 ) - Commodity Forward Firm commitments BRL Heating Oil/ RBOB Jul-23 26 .1 USD 181,880 2,936 (70,630 ) (944,896 ) - NDF Firm commitments BRL USD Jan-23 26 .1 USD 127,233 4,712 (3,074 ) 53,672 - 289,893 (152,249 ) (1,180,344 ) - Product Hedged object Contracted rates Maturity Note Notional amount 1 Gains (losses) as of 12/31/2021 Assets Liabilities 12/31/2021 Income Statement Equity Foreign exchange swap Financing USD + 4.65 104.87% DI Sept-23 26 .1 125,000 11,712 - Foreign exchange swap Financing USD + LIBOR-3M 105.00% DI Jun-22 26 .1 50,000 10,779 - Interest rate swap Financing 4.59% + IPCA 102.00% DI Sept-28 26 .1 2,226,054 (17,922 ) - Interest rate swap Financing 6.47% 99.94% DI Nov-24 26 .1 90,000 (10,088 ) - Term Firm commitments BRL Heating Oil/ RBOB Jan-22 26 .1 120,260 (130,773 ) - NDF Firm commitments BRL USD Jan-22 26 .1 68,361 813 - (135,479 ) - Derivatives not designated as hedge accounting Product Hedged object Contracted rates Maturity Notional amount 1 Fair value as of 12/31/2023 Gains (losses) as of 12/31/2023 Assets Liabilities 12/31/2023 Assets Liabilities Income Statement Equity Foreign exchange swap Financing USD + 0.00% 52.99% of CDI Jun-29 USD 375,000 186,925 (45,877 ) (188,395 ) - NDF Firm commitments USD BRL Mar-24 USD 457,099 1,468 (8,409 ) (105,597 ) - Commodity forward Firm commitments BRL Heating Oil/ Marine Fuel/Others Mar-24 USD 18,127 1,524 (2,310 ) 5,489 - Interest rate swap Financing USD + 5.25% 1.36% of CDI Jun-29 USD 300,000 - (196,243 ) 9,257 - 189,917 (252,839 ) (279,246 ) - Product Hedged object Contracted rates Maturity Notional amount 1 Fair value as of 12/31/2022 Gains (losses) as of 12/31/2022 Assets Liabilities 12/31/2022 Assets Liabilities Income Statement Equity Foreign exchange swap Financing 0.00% 53.0% of CDI Jun-29 USD 375,000 230,145 (9,174 ) (85,474 ) - NDF Financing USD BRL Jul-23 USD1,116,702 36,472 (54,067 ) (440,359 ) - Interest rate swap Financing USD + 5.25% CDI - 1.36% Jun-29 USD 300,000 - (308,821 ) (266,445 ) - 266,617 (372,062 ) (792,278 ) - Product Hedged object Contracted rates Maturity Notional amount 1 Gains (losses) as of 12/31/2021 Assets Liabilities 12/31/2021 Income Statement Equity NDF Firm commitments USD BRL Jun-22 625,762 54,743 - Interest rate swap Financing 5.25% DI - 1.36% Jun-29 300,000 (109,081 ) - Foreign exchange swap Financing 2.67% 100.00% May-21 - 17 - (54,321 ) - 1 Currency as indicated. 2 Amounts, net of income tax. h. Hedge accounting The Company and its subsidiaries use derivative and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness, as well as the changes in their fair value. In 2023 9 h. 1 The Company and its subsidiaries designate as fair value hedges certain financial instruments used to offset the variations in interest and exchange rates, which are based on the market value of financing contracted in Brazilian Reais and U.S. dollars. The foreign exchange hedging instruments designated as fair value hedge are: In thousands, except the DI % 12/31/2023 12/31/2022 12/31/2021 Notional amount – US$ 206,067 221,339 175,000 Result of hedging instruments - gain/(loss) - R$ (223,555 ) (142,863 ) 21,812 Fair value adjustment of debt - R$ (3,768 ) 28,000 47,064 Financial result of the debt - R$ 117,983 28,291 (105,059 ) Average effective cost - DI % 110 107 105 Notional amount – EUR 22,480 9,709 - Result of hedging instruments - gain/(loss) - R$ (23,304 ) 2,573 - Fair value adjustment of debt - R$ 230 (8 ) - Financial result of the debt - R$ 2,756 ‐ - Average effective cost - DI % 112 112 - Notional amount – JPY 12,564,393 - - Result of hedging instruments - gain/(loss) - R$ (130,726 ) - - Fair value adjustment of debt - R$ (4,775 ) - - Financial result of the debt - R$ 63,670 - - Average effective cost - DI % 109 - - The interest rate hedging instruments designated as fair value hedge are: In thousands, except the DI % 12/31/2023 12/31/2022 12/31/2021 Notional amount – R$ 3,226,054 3,226,054 2,226,054 Result of hedging instruments - gain/(loss) - R$ 262,920 (143,762 ) (17,922 ) Fair value adjustment of debt - R$ (313,641 ) (44,312 ) 166,374 Financial result of the debt - R$ (353,080 ) (293,955 ) (245,710 ) Average effective cost - DI % 102.9 102.9 102.0 In thousands, except the DI % 12/31/2023 12/31/2022 12/31/2021 Notional amount – R$ 615,791 90,000 90,000 Result of hedging instruments - gain/(loss) - R$ 8,074 (5,069 ) (10,088 ) Fair value adjustment of debt - R$ (10,163 ) (486 ) 11,756 Financial result of the debt - R$ (16,637 ) (6,330 ) (5,914 ) Average effective cost - DI % 103.6 99.9 99.9 The foreign exchange hedging instruments and commodities designated as fair value hedge are as described below and are concentrated in subsidiary IPP. The objective of this relationship is to transform the cost of the imported product from fixed to variable until fuel blending, as occurs with the price adopted in its sales. IPP carries out these operations with over-the-counter derivatives that are designated in a hedge accounting relationship, as a fair value hedge in an amount equivalent to the inventories of imported product. In thousands 12/31/2023 12/31/2022 12/31/2021 Notional amount – US$ 341,074 309,113 188,621 Result of hedging instruments - gain/(loss) - R$ (62,064 ) (891,223 ) (129,670 ) Notional amount – US$ 61,625 34,126 (4,352 ) For further information, see Note 15 h. 2 Cash flow hedge The Company and its subsidiaries designate as cash flow hedge, derivative instruments for protection against variations arising from exchange rate changes and for protection of notes in the foreign market. As of December 31, 2023, the derivative instruments for exchange rate protection designated as cash flow hedges, referring to notes in the foreign market, totaled US$ 234,000 (US$ 0 as of December 31, 2022), an unrealized loss of R$ 7,166 as of December 31, 2023 was recognized in “Other comprehensive income” (R$ 0 as of December 31, 2022), net of deferred income and social contribution taxes. i . Classes and categories of financial instruments and their fair values The fair value of other financial investments, hedging instruments, financing and leases payable was determined using calculation methodologies commonly used for mark-to-market reporting, which consist of calculating future cash flows associated with each instrument adopted and adjusting them to present value at the market rates as of the date of the financial statements. For some cases where there is no active market for the financial instrument, the Company and its subsidiaries can use quotes provided by the transaction counterparties. The interpretation of market information on the choice of calculation methodologies for the fair value requires considerable judgment and estimates to obtain a value deemed appropriate to each situation. Consequently, the estimates presented do not necessarily indicate the amounts that may be realizable. Financial instruments were classified as financial assets or liabilities measured at amortized cost, except for (i) all exchange rate and interest rate hedging instruments, which are measured at fair value through profit or loss, financial investments classified as measured at fair value through profit or loss and financial investments that are classified as measured at fair value through other comprehensive income (see Note 4 15 15 19 The financial instruments are classified in the following categories: (a) Level 1 (b) Level 2 1 (c) Level 3 The fair values and the carrying amounts of the financial instruments, including derivative instruments and the hierarchy of fair value for each class of financial instruments, are stated below: Carrying value Fair value 12/31/2023 Note Measured at fair value through profit or loss Measured at fair value through other comprehensive income Measured at amortized cost Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents Cash and banks 4 - - 125,152 - - - Securities and funds in local currency 4 - - 5,476,726 - - - Securities and funds in foreign currency 4 - - 323,810 - - - Financial investments Securities and funds in local currency 4 82,592 - - - 82,592 - Derivative financial instruments and other financial assets 4 1,162,283 - - - 1,162,283 - Trade receivables 5 - - 4,269,473 - - - Reseller financing 5 - - 1,189,886 - - - Trade receivables - sale of subsidiaries 5 - - 924,364 - - - Other receivables - - 393,036 - - - Total 1,244,875 - 12,702,447 - 1,244,875 - Financial liabilities: Financing 15 1,584,452 - 4,449,857 - 1,584,452 - Debentures 15 4,618,704 - 488,269 - 4,618,704 - Foreign exchange, interest rate and commodity hedging instruments 15 626,735 - - - 626,735 - Trade payables 16 - - 4,682,671 - - - Trade payables - reverse factoring 16 - - 1,039,366 - - - Subscription warrants – indemnification 19 87,299 - - - 87,299 - Financial liabilities of customers - - 308,934 - - - Contingent consideration 28 112,196 - - - - 112,196 Other payables - - 190,090 - - - Total 7,029,386 - 11,159,187 - 6,917,190 112,196 Carrying value Fair value 12/31/2022 Note Measured at fair value through profit or loss Measured at fair value through other comprehensive income Measured at amortized cost Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents Cash and banks 4 - - 111,797 - - - Securities and funds in local currency 4 - - 5,204,766 - - - Securities and funds in foreign currency 4 - - 305,206 - - - Financial investments - - - - - - Securities and funds in local currency 4 406,683 - - - 406,683 - Derivative financial instruments and other financial assets 4 556,510 - - - 556,510 - Trade receivables 5 - - 4,533,327 - - - Reseller financing 5 - - 1,234,634 - - - Trade receivables - sale of subsidiaries 5 - - 1,096,565 - - - Other receivables - - 235,586 - - - Total 963,193 - 12,721,881 - 963,193 - Financial liabilities: Financing 15 1,216,341 - 3,973,816 - 1,216,341 - Debentures 15 3,575,195 - 2,460,698 - 5,949,028 - Foreign exchange, interest rate and commodity hedging instruments 15 524,311 - - - 524,312 - Trade payables 16 - - 4,710,952 - - - Trade payables - reverse factoring 16 - - 2,666,894 - - - Subscription warrants – indemnification 19 42,776 - - - 42,776 - Financial liabilities of customers 450,586 - - 450,586 - - Contingent consideration 28 89,640 - - - - 89,640 Total 5,898,849 - 13,812,360 450,586 7,732,457 89,640 The fair value of financial instruments, including foreign exchange and interest hedging instruments, was determined as described below: The fair value of cash and banks are identical to their carrying values. Financial investments in investment funds are valued at the fund unit value as of the date of the financial statements, which corresponds to their fair value. Financial investments in CDBs (Bank Certificates of Deposit) and similar instruments offer daily liquidity through repurchase at the “yield curve” and the Company calculates their fair value through methodologies commonly used for mark to market. The carrying values of trade receivables, reseller financing, trade receivables - sale of subsidiaries, other receivables, trade payables and trade payables - reverse factoring approximate their fair values and the Company calculates their fair value through methodologies commonly used in the market. The balances of subscription warrants - indemnification were measured based on the share price of Ultrapar (UGPA 3 2020 19 The fair value calculation of notes in the foreign market of Ultrapar International is based on the quoted price in an active market (see Note 15

Commitments

Commitments	12 Months Ended
	Dec. 31, 2023
Commitments
Commitments	2 7 Commitments a. Contracts Subsidiary Ultracargo Logística has agreements with CODEBA, with Complexo Industrial Portuário Governador Eraldo Gueiros and with Empresa Maranhense de Administração Portuária, in connection with its port facilities in Aratu, Suape and Itaqui, respectively. Such agreements establish a minimum cargo movement, as shown below: Port Minimum movement per year Maturity Aratu (*) 900,000 ton. 2022 Suape 250,000 ton. 2027 Suape 400,000 ton. 2029 Aratu 465,403 ton. 2031 Itaqui 1,468,105 m 3 2049 (*) Contract in the process of being renewed with the appropriate body, being by favorable decision, until the public entity completes the analysis so that the new amendment is signed. In a decision by the Ministry of Infrastructure, the investment plans presented by were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project. If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of December 31, 2023, these rates were R$ 9.22 and R$ 3.05 per ton for Aratu and Suape, respectively, and R$ 0.98 per m³ for Itaqui. According to contractual conditions and tolerances, as of December 31, 2023, there were no material pending issues regarding the minimum limits of the contract.

Acquisition of Interest and Con

Acquisition of Interest and Control	12 Months Ended
	Dec. 31, 2023
Acquisition of Interest and Control
Acquisition of Interest and Control	28 Acquisition of Interest and Control a. Stella GD Intermediação de Geração Distribuída de Energia Ltda On October 1, 2022, by means of subsidiary Ultragaz Comercial Ltda., the Company acquired all shares of Stella GD Intermediação de Geração Distribuída de Energia Ltda. (“Stella”). The transaction qualifies as a business combination as defined in IFRS 3 Founded in 2019 The total amount paid for the company was R$ 63,000, with an initial payment of R$ 7,560. The remaining amount of the acquisition will be settled in 2027 The Company, based on applicable accounting standards, determined the statement of financial position as of the acquisition date, the fair value of assets and liabilities and, consequently, goodwill. The purchase price allocation (“PPA”) was completed in 2023 The Company, supported by an independent appraisal firm, estimated the provisional amounts for the purchase price allocation and determined the final goodwill in the amount of R$ 103,051, based on the amount already paid on the transaction date, and the estimated fair value relating to the future payment of earnout. The earnout is determined based on contractual goals set for revenue and the accounting net cash flow to be achieved in the year ending December 31, 2026. The Company estimated the fair value of this achievement based on the discounted cash flow method and projections of earnings as estimated by Management. The table below summarizes the balances of assets acquired and liabilities assumed on the acquisition date, including goodwill determination: Assets Cash and cash equivalents 1,586 Receivables 17 Other receivables 119 Property, plant and equipment 515 Intangible assets 1,024 Liabilities Trade payables 14 Salaries and related charges 217 Taxes payable 9 Other payables 5,378 Goodwill based on expected future profitability 103,051 Acquisition value 100,694 Comprised by Cash 7,560 Contingent consideration to be settled in cash 93,134 Total consideration 100,694 Net cash outflow resulting from acquisition Consideration in cash 7,560 Cash and cash equivalents acquired (1,586 ) Net cash consumed on investments acquisition 5,974 The goodwill determined on the operation is based on the expected future profitability, supported by the appraisal report, after allocation of the identified assets. The goodwill is expected to be deductible for income tax purposes. The contribution of the acquired company's results to the Company's results if the business combination had occurred on January 1, 2022 is not considered relevant, as well as the contribution to the Company's results since then. Earnout sensitivity analysis The following table shows information on how the fair value of the contingent consideration was determined considering the basic assumptions used to define earnout. The sensitivity analyses as of December 31, 2023, as shown below, were determined based on possible changes of assumptions, keeping all other assumptions constant. Goals Changes in goals Increase in liabilities in R$ Changes in goals Decrease in liabilities in R$ Accounting net cash flow and net revenue increase by 25.0 p.p. 29,545 decrease by 25.0 p.p 27,353 b. NEOgás do Brasil Gás Natural Comprimido S.A. On February 1, 2023, through its subsidiary Companhia Ultragaz S.A., the Company acquired all the shares of NEOgás do Brasil Gás Natural Comprimido S.A. (“NEOgás”), qualifying the transaction as a business combination as defined in IFRS 3 NEOgás, established in 2000 2021 The total amount of the operation is R$ 165,000 subject to the usual working capital and net debt adjustments. The purchase price comprises the difference between the transaction amount, estimated working capital and net debt adjustments and the primary contribution, made on February 1, 2023, in the amount of R$ 85,290. The initial payment for the operation was made on February 1, 2023 in the amount of R$ 64,263, and the remaining amount of the operation will be settled after compliance with the contractual clauses and was recorded under “Other payables” in the amount of R$ 20,787 to be settled up to 2029 The following table summarizes the balances of assets acquired and liabilities assumed on the acquisition date, including goodwill determination: Assets Cash and cash equivalents 16,807 Receivables 14,999 Inventories 6,626 Recoverable taxes 5,384 Judicial deposits 131 Other receivables 707 Right-of-use assets, net 5,117 Property, plant and equipment, net 104,700 Intangible assets, net 52,604 Liabilities Loans and financing 93,991 Trade payables 17,600 Salaries and related charges 2,341 Taxes payable 860 Provisions for tax, civil and labor risks 1,247 Leases payable 5,191 Other payables 3,884 Goodwill based on expected future profitability 7,761 Acquisition value 89,722 Comprised by Cash 68,935 Contingent consideration to be settled 20,787 Total consideration 89,722 Net cash outflow resulting from acquisition Initial consideration in cash 64,263 Subsequent consideration in cash 4,672 Cash and cash equivalents acquired (16,807 ) Total 52,128 The breakdown of the acquisition value, considering the working capital and net debt adjustments and primary contribution is shown below: Amount of NEOgás’ purchase and sale agreement 165,000 Working capital and net debt estimated adjustments 10,012 Primary contribution (85,290 ) Net cash consumed on investments acquisition 89,722 The goodwill determined on the operation is based on the expected future profitability and on the synergy with the operations of Ultragas, supported by the appraisal report, after allocation of the identified assets. The goodwill is expected to be deductible for income tax purposes. The effect of the acquired company's results to the Company's results if the business combination had occurred on January 1, 2023 is not considered relevant, as well as the contribution to the Company's results since February 1, 2023. In the process of identifying assets and liabilities, intangible assets that were not recognized in the books of the acquired entity were also considered, as shown below: R$ Useful life Amortization method Trademark rights 5,069 5 years Straight line Licenses 14,952 3 years Straight line Software 2,418 5 years Straight line Customer list and relationship 26,453 16 years Straight line Total 48,892 The fair value of financial assets includes trade receivables with fair value of R$ 14,999 and gross contractual amount of R$ 15,328. The Company does not expect that these balances will not be realized. For further details on the property, plant and equipment and intangible assets acquired, see Notes 13 14 18 c. Terminal de Combustíveis Paulínia S.A. (“ Opla ”) On July 1, 2023, through its subsidiary Ultracargo Logística S.A., the Company acquired a 50% interest in Terminal de Combustíveis Paulínia S.A. (“Opla”), qualifying the transaction as an acquisition of a joint venture as defined in IAS 18 18 2 11 19 2 The total amount of the operation of R$ 237,500 is subject to the usual working capital and net debt adjustments. The purchase price includes the transaction amount, including estimated working capital and net debt adjustments. The transaction was paid in a single installment of R$ 210,096 on July 1, 2023. The Company, based on applicable accounting standards and supported by an independent appraisal firm, is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities and, consequently, goodwill. The provisional goodwill determined is R$ 158,634. The purchase price allocation (“PPA”) will be completed in 2024 The breakdown of the acquisition value, considering the working capital and net debt adjustments and the goodwill on the transaction is shown below: Equity of the acquired investee 51,462 Goodwill on the transaction 158,634 Acquisition value 210,096 d. Serra Diesel Transportador Revendedor Retalhista Ltda. On September 1, 2023, through the subsidiary Ultrapar Empreendimentos Ltda. the Company acquired 60% of the voting share capital of Serra Diesel Transportador Revendedor Retalhista Ltda. (“Serra Diesel”), qualifying the transaction as a business combination as defined in IFRS 3 Serra Diesel was established in 2006 The initial payment, including the capital contribution in the amount of R$ 16,193, totaled R$ 21,193. The remaining transaction amount of R$ 5,189 was recorded under “Other payables” and will be paid after the contractual clauses have been fulfilled. The Company, based on applicable accounting standards and supported by an independent appraisal firm, is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities and, consequently, goodwill. The provisional goodwill determined is R$ 14,217. The purchase price allocation (“PPA”) will be completed in 2024 The table below summarizes the provisional balances of assets acquired and liabilities assumed on the acquisition date recognized at fair value, subject to adjustment for purchase price allocation and goodwill determination: Assets Cash and cash equivalents 1,719 Receivables 28,475 Inventories 9,128 Recoverable taxes 2,551 Other receivables 55 Other investments 298 Right-of-use assets, net 25,500 Property, plant and equipment, net 21,235 Intangible assets, net 11,619 Liabilities Loans and financing 17,337 Trade payables 26,965 Salaries and related charges 1,933 Taxes payable, income and social contribution taxes payable 376 Leases payable 25,500 Other payables 8,194 Goodwill based on expected future profitability 14,217 Non-controlling interests 8,110 Assets and liabilities consolidated in the opening balance 26,382 Assets acquired 60,348 Liabilities assumed (48,183 ) Goodwill based on expected future profitability 14,217 Acquisition value 26,382 Comprised by Cash 5,000 Acquisition of ownership interest via capital contribution (as non-controlling interests) 16,193 Contingent consideration to be settled 5,189 Total consideration 26,382 Net cash outflow resulting from acquisition Initial consideration in cash 5,000 Cash and cash equivalents acquired (1,719 ) Net cash consumed on investments acquisition 3,281 The contribution of the acquired company's results to the Company's results if the business combination had occurred on January 1, 2023 is not considered relevant, as well as the contribution to the Company's results since September 1, 2023. For further details on right-of-use assets and leases payable, property, plant and equipment and intangible assets acquired, see notes 12 13 14

Discontinued operations

Discontinued operations	12 Months Ended
	Dec. 31, 2023
Discontinued operations
Discontinued operations	29 Discontinued operations The transactions of Oxiteno and Extrafarma sale were concluded on April 1, 2022 and August 1, 2022, respectively. The Company accounted for the disposal of investments in accordance with the international standard IFRS 5 The divestments of Oxiteno and Extrafarma are aligned with Ultrapar's portfolio review. With a more complementary and synergistic businesses, Ultrapar concludes the rationalization phase of its portfolio and will now concentrate on developing investment opportunities in the verticals of energy and infrastructure, with increasing focus on energy transition, leveraged by its portfolio and expertise. In this context, the Company announced in 2021 The tables of discontinued operation are detailed below and include the profit or loss incurred throughout 2022 a. The results and cash flows from discontinued operations for the year ended December 31, 2022, are shown below: Oxiteno Extrafarma Eliminations (*) Ultrapar 12/31/2022 Net revenue from sales and services 2,039,287 1,235,487 (7,241 ) - 3,267,533 Cost of products and services sold (1,580,000 ) (912,310 ) 7,241 - (2,485,069 ) Gross profit 459,287 323,177 - - 782,464 Selling, marketing and administrative (201,365 ) (438,601 ) - - (639,966 ) Other operating income (expenses), net 10,736 (5,951 ) - 241,325 246,110 Operating income (loss) 268,658 (121,375 ) - 241,325 388,608 Share of profit (loss) of subsidiaries, joint ventures and associates (231 ) - - - (231 ) Income (loss) before financial result and income and social contribution taxes 268,427 (121,375 ) - 241,325 388,377 Financial result, net 23,153 (25,059 ) 54,431 - 52,525 Income (loss) before income and social contribution taxes 291,580 (146,434 ) 54,431 241,325 440,902 Income and social contribution taxes (16,924 ) 20,826 (18,507 ) (202,895 ) (217,500 ) Net effect of cessation of depreciation (i) 51,372 27,084 - - 78,456 Net income (loss) for the year 326,028 (98,524 ) 35,924 38,430 301,858 (*) Elimination between continuing and discontinued operations related to the intercompany loan between Ultrapar International and Oxiteno. (i) As of January 1, 2022, the depreciation and amortization of assets classified as held for sale ceased, in compliance with item 25 5 Oxiteno Extrafarma Eliminations 12/31/2022 Net cash (consumed) provided by operating activities (81,558 ) (68,370 ) 180,478 30,550 Net cash (consumed) provided by investing activities 1,011,736 (25,323 ) (1,206,603 ) (220,190 ) Net cash (consumed) provided by financing activities (1,245,754 ) 40,585 1,026,144 (179,025 ) Effect of exchange rate variation on cash and cash equivalents in foreign currency (19,316 ) - - (19,316 ) Increase (decrease) in cash and cash equivalents (334,892 ) (53,108 ) 19 (387,981 ) In the Parent, the proceeds from the sale of and the share of profit (loss) of and , net of transactions with related parties, had an impact of R$ in 2022 , classified as income from discontinued operations in the consolidated financial statements. b. Oxiteno Extrafarma Eliminations(*) Total Net revenue from sales and services 7,102,771 1,986,932 (23,908 ) 9,065,795 Cost of products and services sold (5,540,773 ) (1,384,316 ) 23,908 (6,901,181 ) Gross profit 1,561,998 602,616 - 2,164,614 Operating income (expenses) Selling, marketing and administrative (978,221 ) (685,794 ) - (1,664,015 ) Impairment - (427,529 ) - (427,529 ) Other operating income (expenses), net 26,924 (1,109 ) - 25,815 Operating income (loss) 610,701 (511,816 ) - 98,885 Share of profit (loss) of subsidiaries, joint ventures and associates 48 - - 48 Income (loss) before financial result and income and social contribution taxes 610,749 (511,816 ) - 98,933 Financial result, net (431,441 ) (45,265 ) 329,736 (146,970 ) Income (loss) before income and social contribution taxes 179,308 (557,081 ) 329,736 (48,037 ) Income and social contribution taxes 69,995 155,416 (112,110 ) 113,301 Net income (loss) for the year 249,303 (401,665 ) 217,626 65,264 Depreciation and amortization for the year (i) 308,564 154,850 - 463,414 (*) Elimination between the continued operations and discontinued operations related to loan between International and . (i) Balances included for a complete breakdown of segment information. Oxiteno Extrafarma Eliminations Total Net cash provided by (used in) operating activities 1,016,580 (33,273 ) (788 ) 982,519 Net cash used in investing activities (122,363 ) (35,072 ) (1,298 ) (158,733 ) Net cash (used in) provided by financing activities (1,054,930 ) 35,286 466,677 (552,967 ) Effect of exchange rate changes on cash and cash equivalents in foreign currency 56,553 - - 56,553 (Decrease) increase in cash and cash equivalents (104,160 ) (33,059 ) 464,591 327,372 In the Parent, the share of profit (loss) of investees Oxiteno and Extrafarma, net of transactions with related parties, were re-presented as discontinued operations in the total amount of R$ 65,264 in the statement of income for 2021

Events after the reporting peri

Events after the reporting period	12 Months Ended
	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Events after the reporting period	3 0 Events after the reporting period a. Issuance of shares On February 28, 2024, the Company’s Board of Directors confirmed the issuance of 191,778 common shares within the authorized capital limit provided by art. 6 b. Financings raised by Ipiranga. On March 6, 2024, the subsidiary Ipiranga Produtos de Petróleo S.A. raised foreign financing (without financial covenants) in the amount of EUR 46,040 (equivalent to R$ 247,099 at the time of the transaction), with financial charges of 4.4285% p.a. and maturity on March 6,2025. The subsidiary contracted hedging instruments for the interest rate in euro and the exchange variation, changing financial charges to 108.50% of the DI. On March 5, 2024, Ipiranga raised a Bank Credit Bill (without financial covenants) in the amount of R$ 500 million, with financial charges of 108.37% of the DI and maturity on March 5,2025. c. Financings raised by Ultracargo. On March 5, 2024, the subsidiary Ultracargo Logística S.A. raised foreign financing (without financial covenants) in the amount of JPY 3,760,000 (equivalent to R$ 123,741 at the time of the transaction), with financial charges of 1,32125% p.a. and maturity on August 30,2024 On March 8, 2024, the subsidiary Ultracargo Logística S.A. raised foreign financing (without financial covenants) in the amount of EUR 45,977 (equivalent to R$ 246,896 at the time of the transaction), with financial charges of 4,3775% p.a. and maturity on March 10,2025 d. Acquisition of relevant ownership position in Hidrovias On March 24, 2024, the Company signed, through a subsidiary, a share purchase and sale instrument for the acquisition of 128,369,488 shares of Hidrovias do Brasil S.A. (“Hidrovias”), which represent 16.88% of its share capital (“Transaction Shares”), for R$ 3.98/share. Ultrapar already held 4.99% of Hidrovias’ share capital, which, added to the Transaction Shares, will amount to an ownership position of 21.87% of Hidrovias’ share capital. The Company also informed that, as of March 24, 2024, it was also party in a financial settlement derivatives operation referenced in shares of Hidrovias equivalent to 4.99% of its share capital. The acquisition of this stake in Hidrovias is aligned with Ultrapar's strategy of expanding its presence in sectors exposed to the Brazilian agribusiness, mainly in the Midwest and Northern regions, investing in companies in which it can contribute with strategic, operational, administrative, and financial knowledge. Ultrapar plans to be a strategic and long-term reference shareholder of Hidrovias, supporting its growth, governance, and management model. The closing of the transaction is subject to approval by CADE and the non-application of the obligation to carry out a public offering to increase relevant ownership position (poison pill) by Hidrovias. e. Settlement of trade receivables – sale of subsidiaries On April 1, 2024, the Company received from Oxiteno S.A. Industria e Comércio ("Oxiteno") the amount of USD 150,000 (equivalent to R$ 757,140 on the transaction date) referring to the final subsequent installment of the sale of the subsidiary Oxiteno to Indorama.

Basis of preparation and pres_2

Basis of preparation and presentation of the consolidated financial statements and significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2023
Disclosure of Presentation of Financial Statements and Summary of Significant Accounting Policies [Abstract]
Revenue recognition	a. Revenue recognition Revenues from sales and services rendered under contracts with customers are recognized on the accrual basis when, or as, performance obligations are satisfied by transferring the control of a promised good or service to a customer in such a way that the customer obtains substantially all rewards generated, according to incoterms of each transaction, and when it is highly probable that the Company and its subsidiaries will receive the consideration in exchange for the transferred goods or services. The Company and its subsidiaries recognize revenue under the 5 15 1 2 3 4 5 Revenue is measured and stated at the fair value of the consideration to which the Company and its subsidiaries expect to be entitled to, less returns, discounts, rebates, sales taxes, amortization of assets from contracts with customers, and other deductions, if applicable. The Company’s subsidiaries do not have obligations for return or refund in their contracts with customers and do not have significant financing component that directly impacts the determination of the expected consideration. At Ipiranga, the revenue from sales of fuels and lubricants is recognized when the products are delivered to gas stations and to large consumers. Deferred revenue from loyalty program is recognized in the statement of income when the points are redeemed, on which occasion the costs incurred are also recognized in profit or loss, or when points expire. Amortization of contractual assets with customers for the exclusive rights in Ipiranga’s reseller service stations and the bonuses paid in performance obligation sales are recognized in the statement of income as a deduction of the revenue from sale, according to the conditions established in the agreements which is reviewed as per the changes occurred in the agreements (see Notes 2 10 25
Cash and cash equivalents	b. Cash and cash equivalents Includes cash, bank deposits, and short-term up to 90 three 4
Financial assets	c. Financial assets The Company and its subsidiaries evaluated the classification and measurement of financial assets based on its business model of financial assets as follows: Amortized cost: financial assets held in order to collect contractual cash flows, solely principal and interest. The interest earned and the foreign currency exchange variation are recognized in profit or loss and balances are stated at amortized cost using the effective interest rate method. The financial investments in Bank Certificates of Deposit (“CDB”) and repurchase agreements are classified as measured at amortized cost. Measured at fair value through other comprehensive income: financial assets that are acquired or originated for the purpose of collecting contractual cash flows or selling financial assets. The balances are stated at fair value, and the interest earned and the foreign currency exchange variation are recognized in profit or loss. Differences between fair value and initial amount of financial investments plus the interest earned and the exchange variation are recognized in equity under “Accumulated other comprehensive income”. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement. Measured at fair value through profit or loss: financial assets that were not classified as amortized cost or as measured at fair value through other comprehensive income. The balances are stated at fair value and both the interest earned and the exchange variations and changes in fair value are recognized in the statement of income. Investment funds and derivatives are classified as measured at fair value through profit or loss. The Company and its subsidiaries use financial instruments for hedging purposes, applying the concepts described below: Hedge accounting – fair value hedge: financial instruments used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect the entity’s statement of income. In the initial designation of the fair value hedge, the relationship between the hedging instrument and the hedged item is documented, including the objectives of risk management, the strategy in conducting the transaction, and the methods to be used to evaluate its effectiveness. Once the fair value hedge has been qualified as effective, the hedged item is also measured at fair value. Gains and losses from hedge instruments and hedged items are recognized in the statement of income. The hedge accounting must be discontinued when the hedge becomes ineffective. Hedge accounting – cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction or firm commitment that may affect the statement of income. The portion of the gain or loss on the hedging instrument that is determined to be effective relating to the exchange rate effect is recognized directly in equity under “Accumulated other comprehensive income”, while the ineffective portion is recognized in the statement of income. Gains or losses on the hedging instrument relating to the effective portion of this hedge that had been recognized directly in accumulated other comprehensive income is recognized in profit or loss in the period in which the hedged item is recognized in profit or loss or as initial cost of non-financial assets, in the same line item of the statement that the hedged item is recognized. The hedge accounting shall be discontinued when (i) the hedging relationship is canceled; (ii) the hedging instrument expires; and (iii) the hedging instrument no longer qualifies for hedge accounting. When hedge accounting is discontinued, gains and losses recognized in equity in other comprehensive income are reclassified to the statement of income in the period which the hedged item is recognized in profit or loss. If the transaction hedged is canceled or is not expected to occur, the cumulative gains and losses in equity in other comprehensive income shall be recognized immediately in profit or loss. Hedge accounting – hedge of net investments in foreign operations: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company. The portion of the gain or loss on the hedging instrument that is determined to be effective, referring to the exchange rate effect, is recognized directly in equity under “Accumulated other comprehensive income”, while the ineffective portion and the operating costs are recognized in the statement of income. The gain or loss on the hedging instrument that has been recognized directly in accumulated other comprehensive income shall be recognized in the statement of income when the disposal of the foreign subsidiary occurs. For further information on financial instruments, see Note 26
Trade receivables and reseller financing	d. Trade receivables and reseller financing Trade receivables are recognized at the amount invoiced to the counterparty that the Company subsidiaries are entitled (see Notes 5 26 3 12 Reseller financing is provided at subsidized rates for renovation and upgrading of service stations, purchase of products and development of the automotive fuels and lubricants distribution market (see Note 5 26 3
Inventories	e. Inventories Inventories are stated at the lower of acquisition cost or net realizable value (see Note 6
Contractual assets with customers – exclusive rights	f. Contractual assets with customers - exclusive rights Exclusive rights disbursements as provided in Ipiranga’s agreements with reseller service stations and major consumers are recognized as contractual assets with customers when paid and amortized according to the conditions established in the agreements (see Note 10
Assets and liabilities held for sale and discontinued operations	g. Assets and liabilities held for sale and discontinued operations Non-current assets and related liabilities are classified as held for sale if it is highly probable that their book value will be recovered, primarily, through a sale transaction rather than continued use. The classification criteria are met only when the sale is highly probable, the asset or group of assets is held for immediate sale in its current condition and the sale is expected to occur within 12 A line of business or subsidiary is classified as discontinued operation when the sale of a component of the company that represents an important separate line of business or when the operation meets the criteria to be classified as held for sale, if occurs before, being its results and cash flows presented separately based on the classification of the respective assets and liabilities as held for sale. Assets and liabilities held for sale and discontinued operations are measured at the lower of the book value and fair value, net of selling expenses, and presented separately in the statement of financial position.
Investments	h. Investments Investments in associates and joint ventures are accounted for under the equity method of accounting in the financial statements (see Note 11 Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.
Right-of-use assets and leases payable	i . Right-of-use assets and leases payable The Company and its subsidiaries recognized in the statement of financial position right-of-use assets and the respective lease liabilities initially measured at the present value of future lease payments, discounted by the incremental loan rate of the Company, considering the related contract costs (see Note 12 2 Right-of-use assets include amounts related to area port leases grants. The Company and its subsidiaries apply the recognition exemptions to short-term leases of twelve months or less and lease contracts of low-value assets, which do not have purchase option at the end of the contract. In these cases, the recognition of the lease expense in the statement of income is on a straight-line basis.
Property, plant, and equipment	j. Property, plant and equipment PP&E is recognized at acquisition or construction cost, including capitalization of right-of-use assets amortization and financial charges incurred on PP&E under construction, as well as qualifying maintenance costs resulting from scheduled plant outages and estimated costs to remove, to decommission, or to restore assets, less accumulated depreciation and, when applicable, less provision for impairment (see Note 13 Depreciation is calculated using the straight-line method, over the periods mentioned in Note 13 Leasehold improvements are depreciated over the shorter of the lease contract term and useful life of the property.
Intangible assets	k. Intangible assets Intangible assets include assets acquired by the Company and its subsidiaries from third parties, and are recognized according to the criteria below: Goodwill is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identifiable assets and liabilities assumed of the acquired entity. Goodwill is tested for impairment annually, or more frequently when there is indication that the goodwill might be impaired. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is monitored for impairment testing purposes (see Note 14 Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the total acquisition cost and amortized using the straight-line method, over the periods mentioned in Note 14 The decarbonization credits (“CBIOS”) acquired are recorded at historical cost in intangible assets, being prescribed according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) and are not amortized. These assets are used to settle the annual decarbonization obligation adopted by Brazilian National Biofuels Policy (“RenovaBio”), implemented by Law No. 13,576 2017 9,888 2019 419 3 14 The Company and its subsidiaries have not recognized intangible assets that were generated internally. The Company and its subsidiaries have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life (see Note 14
Recognition of tax credits	l. Recognition of tax credits The accounting policy applied by the Company considers relevant estimates and judgments for the tax credits recognition and for estimating its recovery. The tax credits are recorded only when management has elements that ensure (i) that the credit is a legal right; (ii) the amount could be estimated with sufficient reliability to enable it to be compensated or refunded; and (iii) the amounts is recoverable through either offsetting with other tax credits or a tax refund. In cases where the recovery of the asset is not probable, or the amount cannot be reliably measured, the amounts are not recognized, or a provision is recorded.
Financial liabilities	m. Financial liabilities The financial liabilities include trade payables, trade payables - reverse factoring, other payables, financing, loans, debentures, leases payable and derivative financial instruments used as hedging instruments. Financial liabilities are classified as “financial liabilities at fair value through profit or loss” or “financial liabilities at amortized cost”. The financial liabilities at fair value through profit or loss refer to derivative financial instruments and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note 2 Transaction costs incurred and directly attributable to the activities necessary for contracting loans or for issuing bonds, as well as premiums and discounts upon issuance of debentures and other debt, are allocated to the instrument and amortized in the statement of income taking into account its term, using the effective interest rate method (see Note 15
Income and social contribution taxes on income	n. Income and social contribution taxes on income Current and deferred income tax (“IRPJ”) and social contribution on net income tax (“CSLL”) are calculated based on their current rates. For the calculation of current IRPJ, the value of tax incentives is also considered. At the end of the fiscal year the portion of the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve in subsidiaries’ equity and is excluded from the dividend calculation base and subsequently capitalized. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are 25% for IRPJ and 9% for CSLL. A provision is recognized for those matters for which the tax determination is uncertain, but it is considered probable that there will be a future outflow of funds to a tax authority. The provisions are measured at the best estimate of the amount expected to become payable. The assessment is based on the judgement of tax professionals within the Company supported by previous experience in respect of such activities and in certain cases based on specialist independent tax advice. Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized. Such assets and liabilities are not recognized if the temporary difference arises from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. In addition, a deferred tax liability is not recognized if the temporary difference arises from the initial recognition of goodwill. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. For purposes of disclosure deferred tax assets were offset against the deferred tax liabilities, in the same taxable entity and the same tax authority. Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case the current and deferred tax are also recognized in other comprehensive income or directly in equity, respectively. Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination. For further information about recognition and realization of IRPJ and CSLL see Note 9
Provision for tax, civil, labor risks, contingent liabilities and contingent assets	o. Provisions for tax, civil, labor risks , contingent liabilities and contingent assets The provisions for tax, civil, and labor risks are recognized when there is a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. The estimate is determined by Management, supported by the assessment of internal and external legal counsel, and the amounts are recognized based on the evaluation of the outcomes of the legal proceedings (see Note 18 When the risk of a loss is classified as possible, a provision is not recognized but disclosed in the notes to the financial statements. An entity shall not recognize a contingent asset. Contingent assets usually arise from unplanned or other unexpected events that give rise to the possibility of an inflow of economic benefits to the entity. Contingent assets are not recognized in financial statements since this may result in the recognition of income that may never be realized. However, when the realization of income is virtually certain, then the related asset is not a contingent asset, and its recognition is appropriate. A contingent asset is disclosed where an inflow of economic benefits is probable.
Post-employment benefits	p. Post-employment benefits Post-employment benefits granted and to be granted to employees, retirees, and pensioners are based on an actuarial calculation prepared by an independent actuary and reviewed by management, using the projected unit credit method (see Note 17
Other liabilities	q. Other liabilities Other liabilities are stated at known or measurable amounts and changes in exchange rates incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction.
Foreign currency transactions	r. Foreign currency transactions Foreign currency transactions carried out by the Company and its subsidiaries are remeasured into their functional currency at the exchange rate prevailing at the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange rate at the date of the financial statements. The effect of the difference between those exchange rates is recognized in financial results until the conclusion of each transaction.
Basis for translation of financial statements of foreign subsidiaries	s. Basis for translation of financial statements of foreign subsidiaries s. 1 Assets and liabilities of foreign subsidiaries whose functional currency is different from the Brazilian real, which have administrative autonomy, with a low level of transactions with the Parent company, whose cash flows do not directly impact the Parent company's cash flow and are not readily available to it, and if the cash flows from foreign operations are sufficient to provide for existing or normally expected debt obligations without resources being provided by the Parent company, are translated using the exchange rate at the date of the financial statements. Revenues and expenses are translated using the average exchange rate of each year and equity is translated at the historical exchange rate of each transaction affecting equity. Gains and losses resulting from changes in these foreign investments are recognized directly in equity in other comprehensive income in the account “Cumulative translation adjustments” and will be recognized in profit or loss if and when these investments are disposed of. As of December 31, 2023 and 2022, the Company does not have foreign subsidiaries with administrative authority. On December 31, 2021 the cumulative translation adjustment totaled R$ 304,645 related to the subsidiary Oxiteno, which in April 1, 2022 was saled to Indorama, therefore the cumulative translation adjustment was reclassified to income as part of discontinued operations (see note 29 for more information). As of December 31, 2023 and 2022, there were no foreign subsidiaries with administrative authority. s. 2 The Company has foreign subsidiaries without administrative authority. Such foreign subsidiaries are considered an extension of the activities of their Parent company and are remeasured using the exchange rate at the date of the financial statements. Gains and losses resulting from changes in these foreign investments are directly recognized as financial result.
Critical accounting judgements and key sources of estimation uncertainty	t. Critical accounting judgements and key sources of estimation uncertainty The preparation of the financial statements requires the use of estimates, assumptions, and judgments for the accounting and disclosure of certain assets, liabilities, and profit or loss. Therefore, the Company and subsidiaries’ management use the best information available at the date of preparation of the financial statements, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically. t. 1 Critical judgements in applying the Group’s accounting policies The following are the critical judgements, apart from those involving estimations (which are presented separately below), that Management has made in the process of applying the Group’s accounting policies and that have the most significant effect on the amounts recognized in financial statements the determination of control in subsidiaries (Notes 2 2 11 2 11 2 11 29 2 2 2 t. 2 Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are discussed below. The estimates of realization of deferred taxes assets (Notes 2.n and 9.a), recognition of tax credits (Note 7), impairment of property, plant and equipment and intangible assets, including goodwill (Notes 2.k, 2.v and 14.a), provisions for tax, civil, and labor risks (Notes 2.o and 18), and business combinations (Notes 2.v and 28). The actual result of the transactions and information may differ from their estimates.
Impairment of property, plant and equipment and intangible assets, including goodwill	u. Impairment of property, plant and equipment and intangible assets, including goodwill The Company and its subsidiaries review in every reporting period the existence of any indication that an asset may be impaired. To intangible assets with indefinite useful life the review is done annually or more frequently when there is indication that such assets might be impaired. If there is an indication of impairment, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash inflow from continuous use and that are largely independent of cash flows of other assets (cash generating units, “CGU”). The identified CGUs for the evaluation of impairment are similar to reported segments on financial statements. The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling expenses and their value in use. The fair value less costs to sell is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs, and taxes. To assess the value in use, the projections of future cash flows, trends, and outlooks, as well as the effects of obsolescence, demand, competition, and other economic factors were considered. Such cash flows are discounted to their present values using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment losses are reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized. As of December 31, 2023, the Company and its subsidiaries did not record any losses with impairment of assets. In 2022 the Company, through its subsidiary Ipiranga, sold its subsidiary Imifarma Produtos Farmacêuticos e Cosméticos S.A. (“Extrafarma”). See Note 29.
Business combination and acquisition of interest in joint-ventures and associates	v. Business combination and acquisition of interest in joint-ventures and associates A business combination is accounted for applying the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired, and liabilities assumed are measured in order to classify and allocate them according to the contractual terms, economic circumstances and relevant conditions on the acquisition date. The non-controlling interest in the acquired company is measured based on its interest in net assets identified in the acquired company. Goodwill is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the Company’s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the statement of income. Costs related to the acquisitions are recorded in the statement of income when incurred. Similar procedures are taken for acquisition of joint-ventures and associates, however the goodwill is presented within “Investments in joint-ventures and associates” on the statement of financial position and the subsequent effects of the assets and liabilities allocated as part of the acquisition are recognized within “Share of profit (loss) of joint-ventures and associates” on the statement of income. For further details, see Note 28. Business combination between entities under common control Business combinations between entities under common control have not been addressed under IFRS and how they should be disclosed remains unclear. IFRS 3 Predecessor basis of accounting In accordance with IAS 8 Under the predecessor basis of accounting, when accounting for a transfer of assets between entities under common control, the entity that receives the net assets or the equity interests (the acquirer) shall initially record the assets and liabilities transferred at their parent book value as at the transfer date. If the book value of the assets and liabilities transferred by the parent is different from the historical cost recorded by the controlling entity of the entities under common control (the ultimate parent), the financial statements of the acquirer shall reflect the assets and liabilities transferred at the same cost of the ultimate parent, as a counter-entry to shareholders' equity against the carrying value adjustments.
Statements of cash flows	w . Statements of cash flows The Company and its subsidiaries present the interest paid on loans, financing, debentures, and leases payable in financing activities and present financial investments, net of redemptions, are presented in investing activities, dividends received are presented in operating activities.
Financial liabilities of customers	x . Financial liabilities of customers Refers to contractual obligations of payments in installments of exclusivity rights with customers of subsidiary Ipiranga, where there was the anticipation of these receivables by customers with certain financial institutions. Ipiranga as guarantor of the operation, assumes the payment of installments falling due with the financial institution in exchange for the right of exclusivity with the customers (see Note 10 Considering that the average term of maturity of these obligations is 50 monthly installments and the amounts do not bear interest, the Company recorded an adjustment to present value with a corresponding entry in “Contractual assets with customers - exclusivity rights”. Interest over the financial liability is recognized through “Financial expense” in the statement of income using the effective interest rate method, which consider an average rate of

Operations (Tables)

Operations (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Principles of Consolidation and Investments in Subsidiaries [Abstract]
Investments in subsidiaries	% interest in the share capital 12/31/2023 12/31/2022 12/31/2021 Control Control Control Location Segment Direct Indirect Direct Indirect Direct Indirect Ipiranga Produtos de Petróleo S.A. Brazil Ipiranga 100 - 100 - 100 - am/pm Comestíveis Ltda. Brazil Ipiranga - 100 - 100 - 100 Icorban - Correspondente Bancário Ltda. Brazil Ipiranga - 100 - 100 - 100 Ipiranga Trading Limited British Virgin Islands Ipiranga - 100 - 100 - 100 Tropical Transportes Ipiranga Ltda. Brazil Ipiranga - 100 - 100 - 100 Ipiranga Imobiliária Ltda. Brazil Ipiranga - 100 - 100 - 100 Ipiranga Logística Ltda. Brazil Ipiranga - 100 - 100 - 100 Oil Trading Importadora e Exportadora Ltda. Brazil Ipiranga - 100 - 100 - 100 Iconic Lubrificantes S.A. Brazil Ipiranga - 56 - 56 - 56 Integra Frotas Ltda. Brazil Ipiranga - 100 - 100 - 100 Irupé Biocombustíveis Ltda. (13) Brazil Ipiranga - 100 - - - - Imaven Imóveis Ltda. (10) Brazil Others - - - 100 - 100 Imifarma Produtos Farmacêuticos e Cosméticos S.A. (15) Brazil Extrafarma - - - - - 100 Ultragaz Participações Ltda. Brazil Ultragaz 100 - 100 - - - Ultragaz Energia Ltda. and subsidiaries (4) Brazil Ultragaz - 100 - 100 - 100 Companhia Ultragaz S.A. (3) Brazil Ultragaz - 99 - 99 - 99 Nova Paraná Distribuidora de Gás Ltda. ( 1 Brazil Ultragaz - 100 - 100 - 100 Utingás Armazenadora S.A. Brazil Ultragaz - 57 - 57 - 57 Bahiana Distribuidora de Gás Ltda. Brazil Ultragaz - 100 - 100 - 100 LPG International Inc. ( 14 ) Cayman Islands Ultragaz - - - 100 - 100 NEOgás do Brasil Gas Natural Comprimido S.A. (5) Brazil Ultragaz - 100 - - - - UVC Investimentos Ltda Brazil Others 100 - 100 - - 99 Centro de Conveniências Millennium Ltda. and subsidiaries (12) Brazil Others - - 100 - 100 - Ultracargo - Operações Logísticas e Participações Ltda. Brazil Ultracargo 100 - 100 - 100 - Ultracargo Logística S.A. Brazil Ultracargo - 99 - 99 - 99 TEAS – Terminal Exportador de Álcool de Santos Ltda. (8) Brazil Ultracargo - - - 100 - 100 Ultracargo Soluções Logísticas S.A. (2) Brazil Ultracargo - 100 - 100 - 100 Ultrapar International S.A. Luxembourg Others 100 - 100 - 100 - SERMA - Ass. dos usuários equip. proc. de dados Brazil Others - - - 100 - 100 UVC - Fundo de investimento em participações multiestratégia investimento no exterior Brazil Others 100 - 100 - 100 - Imaven Imóveis Ltda. (10) Brazil Others 100 - - - Eaí Clube Automobilista S.A. Brazil Others 100 - 100 - 100 - Abastece Aí Participações S.A. (9) Brazil Others - 100 - - - - Abastece Aí Clube Automobilista Instituição de Pagamento Ltda (7) Brazil Others - 100 - - - - Ultrapar Mobilidade Ltda. (6) Brazil Others 100 - - - - - Serra Diesel Transportador Revendedor Retalhista Ltda. (11) Brazil Others - 60 - - - - Centro de Conveniências Millennium Ltda. and subsidiaries (12) Brazil Others - 100 - - - - Oxiteno S.A. Indústria e Comércio (16) Brazil Oxiteno - - - - 100 - Oxiteno Argentina Sociedad de Responsabilidad Ltda. Argentina Oxiteno - - - - - 100 Oleoquímica Indústria e Comércio de Produtos Químicos Ltda. Brazil Oxiteno - - - - - 100 Oxiteno Uruguay S.A. Uruguay Oxiteno - - - - - 100 Oxiteno México S.A. de C.V. Mexico Oxiteno - - - - - 100 Oxiteno Servicios Corporativos S.A. de C.V. Mexico Oxiteno - - - - - 100 Oxiteno Servicios Industriales S.A. de C.V. Mexico Oxiteno - - - - - 100 Oxiteno USA LLC United States Oxiteno - - - - - 100 Global Petroleum Products Trading Corp. (17) British Virgin Islands Oxiteno - - - - - 100 Oxiteno Europe SPRL Belgium Oxiteno - - - - - 100 Oxiteno Colombia S.A.S. Colombia Oxiteno - - - - - 100 Oxiteno Shanghai LTD. China Oxiteno - - - - - 100 Empresa Carioca de Produtos Químicos S.A. Brazil Oxiteno - - - - - 100 The percentages in the table above are rounded. ( 1 Non-operating company in closing phase. ( 2 On June 16, 2023, the name of subsidiary Vila do Conde S.A. was changed to S.A. ( 3 On August 1, 2022, the subsidiary S.A. (“ ”) became directly controlled by . In November 2022, became an of . ( 4 On November 18, 2022, the name of subsidiary . was changed to . ( 5 On November 21, 2022, through its subsidiary S.A., signed an agreement for the acquisition of all shares of do Natural S.A. The closing of the acquisition occurred on February 1, 2023. ( 6 Company established on February 28, 2023, with the purpose of holding interests in other companies. On October 2, 2023, the name of subsidiary . was changed to . ( 7 On April 13, 2023, the company was acquired by S.A. The acquisition was made at book value. ( 8 On April 27, 2023, the Company was merged into S.A. ( 9 Company established on June 1, 2023 with the purpose of holding interests in other companies. ( 10 On April 28, 2023, . (“ ”), performed a partial spin-off of its assets, and the spin-off part was merged into the equity of the subsidiary de S.A. On May 1, became directly controlled by . The entire transaction was carried out under common control. ( 11 On May 21, 2023, the Company, through its subsidiary ., signed an agreement for the acquisition of a 60% interest in Serra Diesel . The closing of the transaction occurred on September 1, 2023. ( 12 On October 2, 2023, de Millennium . and subsidiaries became directly controlled by . ( 13 Company established on October 2, 2023, engaged in the production, sale, import and export of , fertilizers and other agricultural inputs. ( 14 On June 30, 2023, the Company was dissolved. ( 15 On May 18, 2021, the Company announced the signing of an agreement for the sale of all shares of to . As of December 31, 2021, the Company reclassified the subsidiary’s balances to “assets and liabilities held for sale”, being the transaction closed on August 1, 2022 after the fulfillment of all conditions precedent. For further details, see note 29. ( 16 On August 16, 2021, the Company announced the signing of an agreement for the sale of its interest in S.A. to . As of December 31, 2021, the Company reclassified the subsidiary’s balances to “assets and liabilities held for sale”. On April 1, 2022, the transaction was consummated. For further details, see note 29. ( 17 On January 27, 2022, the subsidiary Global Petroleum Products Trading Corp (“GPPT”) was dissolved.

Cash and cash equivalents, fi_2

Cash and cash equivalents, financial investments and derivative financial instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents, financial investments and derivative financial instruments
Cash and cash equivalents	Cash and cash equivalents are presented as follows: 12/31/2023 12/31/2022 Cash and bank deposits In local currency 77,488 105,986 In foreign currency 47,664 5,811 Financial investments considered cash equivalents In local currency Securities and funds in local currency 5,476,726 5,204,766 In foreign currency Securities and funds in foreign currency 323,810 305,206 Total cash and cash equivalents 5,925,688 5,621,769
Financial investments	The financial investments that are not classified as cash and cash equivalents and derivative financial instruments are presented as follows: 12/31/2023 12/31/2022 Financial investments In local currency Securities and funds in local currency 82,592 406,683 Derivative financial instruments and other financial assets at fair value (a) 1,162,283 556,510 Total financial investments and derivative financial instruments 1,244,875 963,193 Current 292,934 520,352 Non-current 951,941 442,841 (a) Accumulated gains, net of withholding income tax (see Note 26

Trade receivables, reseller f_2

Trade receivables, reseller financing and other receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of financial assets [line items]
Breakdown of other receivables	The breakdown of other receivables is comprised as follows: 12/31/2023 12/31/2022 Sale of subsidiary Oxiteno: Receivables from sale of investments (i) 726,195 782,655 (-) Adjustment to present value - sale of investments (ii) (10,318 ) (55,598 ) Sale of subsidiary Extrafarma: Receivables from sale of investments (iii) 208,487 369,508 924,364 1,096,565 Current 924,364 184,754 Non-current ‐ 911,811 ( i ) Refers to the final installment of the sale of Oxiteno , in the amount of USD 150 Oxiteno to Ultrapar International. (ii) The consideration for the sale of Oxiteno was recognized at present value using a discount rate of 6.1741%. The amount as of December 31, 2023 includes present value realization and exchange variation of transaction closing date until December 31, 2023. (iii) Refers to part of the payment of the Extrafarma sale transaction, in two installments of equal value, being the first settled in August 2023, and the second maturing in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a. Extrafarma to parent Ultrapar.
Trade receivables [member]
Disclosure of financial assets [line items]
Trade receivables	The breakdown of trade receivables is as follows: 12/31/2023 12/31/2022 Domestic customers 4,183,696 4,527,167 Domestic customers - related parties (see note 8 .2 78 64 Foreign customers 82,634 3,401 Foreign customers - related parties (see note 8 .2 3,065 2,695 4,269,473 4,533,327 (-) Allowance for expected credit losses (334,467 ) (322,753 ) Total 3,935,006 4,210,574 Current 3,921,790 4,149,111 Non-current 13,216 61,463
Breakdown of trade receivables, gross of allowance for expected credit losses	The breakdown of trade receivables, gross of allowance for expected credit losses, is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 4,269,473 3,538,087 52,561 52,089 15,976 34,157 576,603 12/31/2022 4,533,327 3,930,178 20,873 18,741 21,482 46,586 495,467
Breakdown of loss allowance for expected credit losses	The breakdown of the allowance for expected credit losses is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 334,467 15,866 3,088 1,984 1,851 11,088 300,590 12/31/2022 322,753 21,425 1,747 1,384 4,913 15,222 278,062
Summary of Movements in the allowance for loss allowance for expected credit losses	Movements in the allowance for expected credit losses are as follows: Balance as of December 31, 2020 382,096 Additions 177,872 Reversals (150,160 ) Write-offs (18,646 ) Reclassification to assets held for sale (16,807 ) Balance as of December 31, 2021 374,355 Additions 143,828 Reversals (130,385 ) Write-offs (65,045 ) Balance as of December 31, 2022 322,753 Additions 115,090 Reversals (76,762 ) Write-offs (26,614 ) Balance as of December 31, 2023 334,467
Reseller Financing Ipiranga [Member]
Disclosure of financial assets [line items]
Summary of Movements in the allowance for loss allowance for expected credit losses	Movements in the allowance for expected credit losses are as follows: Balance as of December 31, 2020 197,011 Additions 65,536 Reversals (68,982 ) Write-offs (8,287 ) Balance as of December 31, 2021 185,278 Additions 45,987 Reversals (52,695 ) Write-offs (5,283 ) Balance as of December 31, 2022 173,287 Additions 28,472 Reversals (59,436 ) Write-offs (7,940 ) Balance as of December 31, 2023 134,383
Composition of reseller financing	The breakdown of reseller financing is comprised as follows: 12/31/2023 12/31/2022 Reseller financing – Ipiranga 1,189,886 1,234,634 (-) Allowance for expected credit losses (134,383 ) (173,287 ) 1,055,503 1,061,347 Current 504,862 559,825 Non-current 550,641 501,522
Breakdown of reseller financing, gross of loss allowance for expected credit losses	The breakdown of reseller financing, gross of allowance for expected credit losses, is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 1,189,886 874,191 8,890 5,664 7,869 13,273 279,999 12/31/2022 1,234,634 826,210 8,944 3,892 11,040 11,943 372,605
Breakdown of the allowance for expected credit losses	The breakdown of the allowance for expected credit losses is as follows: Past due Total Current less than 30 31 60 61 90 91 180 more than 180 12/31/2023 134,383 8,265 1,595 857 1,795 4,521 117,350 12/31/2022 173,287 1,327 483 1,132 3,704 4,937 161,704

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Classes of current inventories [abstract]
Breakdown of inventories	The breakdown of inventories, net of provision for losses, is shown below: 12/31/2023 12/31/2022 Fuels, lubricants, and greases 3,367,094 3,782,522 Raw materials 282,197 380,993 Liquified petroleum gas - LPG 112,100 143,516 Consumable materials and other items for resale 121,537 125,239 Purchase for future delivery (1) 386,281 453,817 Properties for resale 22,222 19,996 4,291,431 4,906,083 (1) Refers substantially to ethanol, biodiesel, and advances for fuel acquisition.
Movements in the provision for losses	Movements in the provision for losses are as follows: Balance as of December 31, 2020 40,993 Addition to provision for adjustment to realizable value 5,974 Reversal of provision for obsolescence and other losses (5,184 ) Reclassification to assets held for sale (28,705 ) Balance as of December 31, 2021 13,078 Addition to provision for adjustment to realizable value 10,028 Reversal of provision for obsolescence and other losses (1,180 ) Balance as of December 31, 2022 21,926 Reversal of provision for obsolescence and other losses (8,301 ) Reversal of provision for adjustment to realizable value (6,594 ) Balance as of December 31, 2023 7,031

Recoverable taxes (Tables)

Recoverable taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Recoverable taxes
Recoverable taxes	Recoverable taxes are substantially represented by credits of Tax on Goods and Services (“ICMS”, the Brazilian VAT), Contribution for Social Security Financing (“COFINS”) and Social Integration Program (“PIS”). 12/31/2023 12/31/2022 ICMS - State VAT (a .1 1,365,128 1,312,990 PIS and COFINS - Federal VAT (a .2 2,761,262 2,410,736 Others 77,249 59,545 Total 4,203,639 3,783,271 Current 1,462,269 1,610,312 Non-current 2,741,370 2,172,959
Schedule of estimated recovery of ICMS credits	The estimated recovery of ICMS credits is stated as follows: Up to 1 508,145 From 1 2 381,560 From 2 3 238,701 From 3 5 236,722 Total recoverable ICMS, net of provision 1,365,128
Estimated recovery of PIS and COFINS credits	The estimated recovery of PIS and COFINS credits is as follows: Up to 1 876,876 From 1 2 565,008 From 2 3 640,791 From 3 4 350,942 From 4 5 327,645 Total recoverable PIS and COFINS 2,761,262
Summary of Recoverable Income Tax and Social Contribution Taxes	Relates to IRPJ and CSLL to be recovered by the Company and its subsidiaries, arising from the tax advances of previous years, as well as lawsuits on the non-levy of IRPJ and CSLL on the monetary variation (SELIC) in the repetition of undue payments. The Management estimates the realization of these credits within up to 5 years. 12/31/2023 12/31/2022 IRPJ and CSLL 396,405 499,517 Current 171,051 96,134 Non-current 225,354 403,383

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Subsidiaries and Other Related Parties	12/31/2023 Loan (1) Commercial transactions Trading transactions Assets Liabilities Trade receivables Trade payables Sales and services provided Purchases Química da Bahia Indústria e Comércio S.A. - 2,875 - - - - Refinaria de Petróleo Riograndense S.A. - - - 29,278 - 510,510 União Vopak Armazéns Gerais Ltda. - - 32 - 571 - Latitude Logística Portuária S.A. 11,393 - - 20 - - Nordeste Logistica I S.A. 6,842 - - 24 - - Nordeste Logistica III S.A. - - - 18 - - Navegantes Logística Portuária S.A. 13,657 - 46 - - - Chevron (Thailand) Limited (2) - - - - 483 - Chevron Latin America Marketing LLC ( 2 - - 73 - - - Chevron Lubricants Oils S.A. ( 2 - - 353 - 353 - Chevron Marine Products ( 2 - - 2,495 - 13,228 - Chevron Oronite Brasil Ltda. ( 2 - - - 53,466 - 175,053 Chevron Products Company ( 2 - - - 63,263 - 370,137 Chevron Belgium NV ( 2 - - - 1,346 - 27,306 Chevron Brasil Óleo e Gás Ltda. ( 2 - - - 37 - - Chevron Lubricants Lanka PLC ( 2 - - 144 - 144 - MLF Holding Ltda. ( 3 - - - - - 59 Others - 243 - - - - Total 31,892 3,118 3,143 147,452 14,779 1,083,065 ( 1 Loans contracted have indefinite terms and do not contain remuneration clauses. ( 2 Non-controlling shareholders and other related parties of Iconic. ( 3 Non-controlling shareholders and other related parties of Serra Diesel. 12/31/2022 12/31/2022 Loan ( 1 Commercial transactions Trading transactions Assets Liabilities Trade receivables Trade payables Sales and services provided Purchases Química da Bahia Indústria e Comércio S.A. - 2,875 - - - - Refinaria de Petróleo Riograndense S.A. - - - 26,062 - 336,781 União Vopak Armazéns Gerais Ltda. - - 61 - 784 - Latitude Logística Portuária S.A. - - 3 346 - - Nordeste Logistica I S.A. - - - 22 - - Nordeste Logistica III S.A. - - - 17 - - Chevron (Thailand) Limited ( 2 - - - 113 - 832 Chevron Latin America Marketing LLC ( 2 - - 34 - - - Chevron Lubricants Oils S.A. ( 2 - - 403 - 930 - Chevron Marine Products ( 2 - - 1,950 - 14,068 - Chevron Oronite Brasil Ltda. ( 2 - - - 53,912 - 162,006 Chevron Products Company ( 2 - - - 178,846 - 699,154 Chevron Belgium NV ( 2 - - - 326 - 13,053 Chevron Petroleum CO Colombia ( 2 - - 220 - 220 - Chevron Lubricants Lanka PLC ( 2 - - 88 - 88 - Others - 617 - - - - Total - 3,492 2,759 259,644 16,090 1,211,826 ( 1 Loans contracted have indefinite terms and do not contain remuneration clauses. ( 2 Non-controlling shareholders and other related parties of Iconic. 12/31/2021 Trading transactions Sales and services provided Purchases Refinaria de Petróleo Riograndense S.A. - 619,785 União Vopak Armazéns Gerais Ltda. 1,402 - Chevron (Thailand) Limited ( 1 675 1,072 Chevron Lubricants Lanka PLC ( 1 164 - Chevron Lubricants Oils S.A. ( 1 786 - Chevron Marine Products ( 1 24,583 - Chevron Oronite Brasil Ltda. ( 1 78 150,878 Chevron Products Company ( 1 - 789,452 Chevron Belgium NV ( 1 - 7,520 Chevron Petroleum CO Colombia (1) 392 - Total 28,080 1,568,707 ( 1 Non-controlling shareholders and other related parties of Iconic.
Expenses for Compensation of its Key Executives	The expenses for compensation of its key executives (Company’s directors and statutory executive officers) are shown below: 2023 2022 2021 Short-term compensation 54,396 62,285 47,003 Stock compensation 35,165 18,424 15,778 Post-employment benefits 4,206 4,035 2,737 Termination benefits 1,007 - 5,637 Total 94,774 84,744 71,155
Shares Granted	The table below summarizes shares granted to the management of the Company and its subsidiaries: Grant date Number of shares granted Vesting period Fair value of shares on the grant date (in R$ per share) Total grant costs, including taxes Accumulated recognized grant costs Accumulated unrecognized grant costs March 4, 2016 - 2023 32.72 9,732 (9,732 ) - Balance as of December 31, 2023 - 9,732 (9,732 ) -
Changes of Number of Shares Granted	The table below summarizes the changes in the number of shares granted: Balance as of December 31, 2020 702,260 Shares transferred to executives (448,930 ) Reclassification to assets held for sale (119,998 ) Balance as of December 31, 2021 133,332 Shares transferred to executives (66,668 ) Balance as of December 31, 2022 66,664 Shares transferred to executives (66,664 ) Balance as of December 31, 2023 -
Restricted Stock Program	The table below summarizes the restricted and performance stock programs under the 2017 2023 Program Grant date Number of shares granted (Quantity) Vesting period Fair value of shares on the grant date (in R$ per share) Total exercisable grant costs, including taxes (in R$ thousands) Accumulated recognized exercisable grant costs (in R$ thousands) Unrecognized exercisable grant costs (in R$ thousands) Restricted September 19, 2018 80,000 2024 19.58 2,675 (2,341 ) 334 Restricted April 3, 2019 25,996 2024 23.25 3,083 (3,027 ) 56 Restricted September 2, 2019 240,000 2025 16.42 6,756 (4,880 ) 1,876 Restricted April 1, 2020 89,388 2024 to 2025 12.53 2,107 (1,781 ) 326 Performance April 1, 2020 144,202 2024 to 2025 12.53 3,234 (2,845 ) 389 Restricted September 16, 2020 140,000 2026 23.03 5,464 (3,036 ) 2,428 Restricted April 7, 2021 339,678 2024 21.00 13,822 (12,711 ) 1,111 Performance April 7, 2021 645,094 2024 21.00 25,358 (23,692 ) 1,666 Restricted September 22, 2021 1,000,000 2027 14.17 24,363 (9,576 ) 14,787 Restricted April 6, 2022 667,194 2025 14.16 18,240 (10,885 ) 7,355 Performance April 6, 2022 847,990 2025 14.16 22,694 (13,931 ) 8,763 Restricted September 21, 2022 2,640,000 2032 12.98 64,048 (8,540 ) 55,508 Restricted December 7, 2022 1,500,000 2032 13.47 37,711 (4,090 ) 33,621 Restricted April 20, 2023 311,324 2025 14.50 7,472 (2,802 ) 4,670 Restricted April 20, 2023 1,179,409 2026 14.50 32,040 (8,129 ) 23,911 Performance April 20, 2023 1,184,320 2026 14.50 32,059 (8,149 ) 23,910 Restricted September 20, 2023 3,800,000 2033 18.75 132,775 (4,426 ) 128,349 14,834,595 433,901 (124,841 ) 309,060
Summarized Changes of Number of Restricted and Performance Shares Granted	Balance as of December 31, 2020 2,910,162 Shares granted on April 7, 2021 1,386,504 Shares granted on September 22, 2021 1,000,000 Performance shares (i) (133,326 ) Cancellation of granted shares due to termination of executive employment (133,186 ) Reclassification to assets held for sale (614,860 ) Balance as of December 31, 2021 4,415,294 Shares granted during the year 5,702,027 Cancellation of granted shares due to termination of executive employment (934,310 ) Shares transferred (vesting) (484,651 ) Reclassification from assets held for sale 236,344 Balance as of December 31, 2022 8,934,704 Shares granted during the year 6,930,871 Cancellation of granted shares due to termination of executive employment (583,180 ) Shares transferred (vesting) (447,800 ) Balance as of December 31, 2023 14,834,595

Income and Social Contributio_2

Income and Social Contribution Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of income and social contribution taxes [abstract]
Deferred taxes	12/31/2023 12/31/2022 Assets - deferred income and social contribution taxes on: Provision for losses with assets 46,863 47,436 Provisions for tax, civil and labor risks 326,662 225,585 Provision for post-employment benefits 90,451 74,644 Provision for differences between cash and accrual basis (i) 35,989 63,330 Goodwill 7,976 3,561 Business combination – tax basis vs. accounting basis of goodwill - 17,575 Provision for asset retirement obligation 14,759 15,737 Operating provisions 299,609 132,657 Provision for profit sharing and bonus 91,883 69,588 Leases payable 518,138 518,081 Change in fair value of subscription warrants 3,566 9,224 Provision for deferred revenue 932 8,121 Other temporary differences 104,319 43,715 Tax losses and negative basis for social contribution carryforwards ( 9 396,601 283,238 Total 1,937,748 1,512,492 Offsetting liability balance (682,614 ) (614,257 ) Net balances of deferred tax assets 1,255,134 898,235 Liabilities - deferred income and social contribution taxes on: Revaluation of property, plant and equipment ‐ 387 Leases payable 432,908 457,768 Provision for differences between cash and accrual basis (i) 81,293 9,389 Goodwill 28,717 27,691 Business combination - fair value of assets 54,921 61,521 Other temporary differences 84,981 57,800 Total 682,820 614,556 Offsetting asset balance (682,614 ) (614,257 ) Net balance of deferred tax liabilities 206 299 (i) Refers mainly to the income and social contribution taxes on the exchange variation of the derivative instruments.
Summary of Changes in Balances of Deferred Taxes	Changes in the net balance of deferred IRPJ and CSLL are as follows: Balance as of December 31, 2020 961,979 Deferred IRPJ and CSLL recognized in income for the year 242,246 Deferred IRPJ and CSLL of subsidiaries classified as discontinued operations 110,821 Deferred IRPJ and CSLL recognized in other comprehensive income (11,366 ) Reclassification to assets held for sale (728,986) Others (3,221 ) Balance as of December 31, 2021 571,473 Deferred IRPJ and CSLL recognized in income for the year 296,459 Deferred IRPJ and CSLL recognized in income for the year from discontinued operation 31,138 Deferred IRPJ and CSLL recognized in other comprehensive income (1,134 ) Balance as of December 31, 2022 897,936 Deferred IRPJ and CSLL recognized in income for the year 335,375 Deferred IRPJ and CSLL recognized in other comprehensive income 21,474 Others 143 Balance as of December 31, 2023 1,254,928
Summary of Reconciliation of Taxes	IRPJ and CSLL are reconciled to the statutory tax rates as follows: 2023 2022 2021 Income before taxes 3,578,695 1,879,725 1,006,648 Statutory tax rates - % 34 34 34 Income and social contribution taxes at the statutory tax rates (1,216,756 ) (639,107 ) (342,260 ) Adjustment to the statutory income and social contribution taxes: Nondeductible expenses (i) (11,535 ) (11,006 ) (45,569 ) Nontaxable revenues (ii) 114,981 23,149 138,631 Adjustment to estimated income (iii) 2,173 10,136 3,901 Unrecorded deferred income and social contribution tax carryforwards (iv) (36,227 ) (4,602 ) (5,285 ) Share of profit (loss) of subsidiaries, joint ventures and associates 4,049 4,141 (5,995 ) Interest on capital ‐ 153,004 ‐ Other adjustments (26,666 ) 29,327 21,414 Income and social contribution taxes before tax incentives (1,169,981 ) (434,958 ) (235,163 ) Tax incentives – SUDENE ( 9 109,039 93,444 47,129 Income and social contribution taxes in the statement of income (1,060,942 ) (341,514 ) (188,034 ) Current (1,396,317 ) (637,973 ) (430,280 ) Deferred 335,375 296,459 242,246 Effective IRPJ and CSLL rates - % (29.6 ) (18.2 ) ( 18.7 ) (i) Consist of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative results of foreign subsidiaries and certain provisions. (ii) Consist of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes, tax incentives, installments and the reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary adjustment (SELIC) in the repetition of undue tax lawsuits. (iii) Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form of taxation, whereby income and social contribution losses are calculated on a basis equal to 32 % of the operating revenues, as opposed to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents the difference between the taxation under this alternative method and the income and social contribution taxes that would have been paid based on the effective statutory rate applied to the taxable income of these subsidiaries. (iv) See Note 9 .d.
Summary of Tax Incentives	The following subsidiaries have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, under the terms of the development program of the region operated by the Superintendence for the Development of the Northeast (“SUDENE”), in compliance with the current law: Subsidiary Units Incentive - % Expiration Bahiana Distribuidora de Gás Ltda. Mataripe base 75 2024 Caucaia base 75 2025 Juazeiro base 75 2026 Aracaju base 75 2027 Suape base 75 2027 Ultracargo Logística S.A. Aratu Terminal (1) 75 2032 Suape Terminal 75 2030 Itaqui Terminal 75 2030 (1) In December 2022, an application for renewal of Aratu Terminal concession term for an additional 10 years was filed with SUDENE, having been approved in accordance with Report 108/2023 and recognition by the Brazilian Federal Revenue with effect on January 1, 2023.
Summary of deferred income and social contribution tax assets	The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows: 12/31/2023 12/31/2022 Oil Trading 84,372 93,627 Ultrapar (i) 77,453 65,505 Abastece Aí 91,861 66,347 Ipiranga 97,071 28,894 Ultracargo Vila do Conde 30,652 22,313 Others 15,192 6,552 396,601 283,238 (i) Include the amount of R$ 25,884 of deferred taxes recognized on the tax loss of subsidiary Ultrapar International as of December 31, 2023 (R$ 33,663 as of December 31, 2022).
Schedule of foreign subsidiaries have tax loss carryforwards	The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows: 12/31/2023 12/31/2022 Neogás 45,333 - Integra Frotas 13,335 12,394 Millennium 8,539 6,154 Others 9,095 997 76,302 19,545

Contractual Assets with Custo_2

Contractual Assets with Customers - Exclusive Rights (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables from contracts with customers [abstract]
Summary of Contractual Assets with Customers Exclusive Rights Balance and Changes	Changes are shown below: Balance as of December 31, 2020 1,706,331 Additions 689,986 Amortization (282,521 ) Transfers (34,570 ) Balance as of December 31, 2021 2,079,226 Additions 637,502 Amortization (504,907 ) Transfers (6,230 ) Balance as of December 31, 2022 2,205,591 Additions 664,363 Amortization (607,446 ) Balance as of December 31, 2023 2,262,508 Current 787,206 Non-current 1,475,302

Investments in subsidiaries, _2

Investments in subsidiaries, joint ventures and associates (Tables)	12 Months Ended
	Dec. 31, 2023
Investments in subsidiaries, joint ventures and associates
Schedule of the positions of equity and income (loss) for the year	The table below presents the positions of equity and income (loss) for the year by company: Equity Income (loss) for the year Interest in share capital - % Investments Share of profit (loss) of joint ventures and associates 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2021 Joint ventures União Vopak – Armazéns Gerais Ltda ( 1 3,100 15,388 50 1,550 4,456 7,694 (3,880 ) 602 Refinaria de Petróleo Riograndense S.A. ( 2 95,027 23,094 33 31,553 25,186 7,668 26,110 823 ConectCar Soluções de Mobilidade Eletrônica S.A. ( 7 - - - - - - - (18,081 ) Latitude Logística Portuária S.A. ( 3 12,004 (4,068 ) 50 6,002 7,638 (1,636 ) (2,339 ) 593 Navegantes Logística Portuária S.A. ( 3 47,510 (22,820 ) 33 15,836 23,250 (7,413 ) (11,040 ) (3,032 ) Nordeste Logística I S.A. ( 3 21,212 6,305 33 7,071 6,340 730 2,591 1,592 Nordeste Logística II S.A. ( 3 51,649 (5,553 ) 33 17,216 19,415 (2,199 ) (2,007 ) (819 ) Nordeste Logística III S.A. ( 3 54,013 3,933 33 18,004 17,038 967 (30 ) 255 Química da Bahia Indústria e Comércio S.A. (i) 6,956 (84 ) 50 3,478 3,520 (42 ) (8 ) - Terminal de Combustíveis Paulínia S.A. ("Opla") ( 6 108,311 8,141 50 54,155 ‐ 4,071 ‐ - Other investments ‐ ‐ ‐ 349 ‐ ‐ ‐ - Associates Transportadora Sulbrasileira de Gás S.A. ( 4 15,912 8,253 25 3,978 3,898 2,043 2,771 552 Metalúrgica Plus S.A. ( 5 (769 ) (298 ) 33 (256 ) (157 ) (99 ) (105 ) (100 ) Plenogás Distribuidora de Gás S.A. ( 5 1,489 376 33 497 615 124 118 (4 ) Other investments ‐ ‐ ‐ 33 28 ‐ ‐ (14 ) Goodwill on investments Terminal de Combustíveis Paulínia S.A. ("Opla") ( 6 ‐ ‐ ‐ 158,634 ‐ ‐ ‐ - Total (A) 318,100 111,227 11,908 12,181 (17,634 ) Total provision for equity deficit (B) (256 ) (157 ) Total investments (A-B) 318,356 111,384 The percentages in the table above are rounded. (i) The Company acquired a 50% interest in da Bahia on February 1, 2022. Until January 31, 2022, da Bahia was an associate of S.A. ( 1 The subsidiary holds an interest in – . (“ ”), which is primarily engaged in liquid bulk storage at the port of . ( 2 The Company holds an interest in de S.A. (“RPR”), which is primarily engaged in oil refining. ( 3 The subsidiary IPP participates in the port concession BEL 02 (PA), through Latitude S.A. (“Latitude”); for the port of (ES), it participates through S.A. (“ ”); in (PB), it holds an interest in I S.A. (" I"), II S.A. (" II”) and III S.A. (“ III”). ( 4 The subsidiary IPP holds an interest in de S.A. (“TSB”), which is primarily engaged in natural gas transportation services. ( 5 The subsidiary . holds an interest in Plus S.A. (“ ”), which is primarily engaged in the manufacture and trading of LPG containers and has interest in de S.A. (“ ”), which is primarily engaged in the marketing of LPG containers. Currently, the associates have their operational activities suspended. ( 6 The subsidiary acquired a 50% interest in on July 1, 2023. For more information, see Note 28
Summary of financial position and income of subsidiaries which have relevant non-controlling interests	The financial position and income of subsidiaries which have relevant non-controlling interests is shown below: Proportion of interest in share capital and right votes detained by non-controlling participation Equity attributed to non-controlling participation Income allocated to non-controlling participation for the year 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Subsidiaries % % Iconic Lubrificantes S.A. 44% 44% 477,710 446,707 72,505 34,955 Other investiments - - 45,621 19,520 5,453 4,275 523,331 466,227 77,958 39,230
Summary of statements of financial position and statements of income of joint ventures	The table below presents the full amounts of statements of financial position and statements of income of joint ventures: 12/31/2023 União Vopak RPR Química da Bahia Latitude Logística Navegantes Logística Nordeste Logística I Nordeste Logística II Nordeste Logística III Opla Current assets 7,256 592,237 331 6,262 5,376 39,078 19,425 23,566 12,844 Non-current assets 132 252,722 9,734 86,273 166,000 49,869 46,165 52,299 177,782 Current liabilities 92 488,932 - 27,309 76,402 44,852 1,183 2,384 58,308 Non-current liabilities 4,196 228,994 3,109 53,222 47,464 22,883 12,758 19,468 24,007 Equity 3,100 127,033 6,956 12,004 47,510 21,212 51,649 54,013 108,311 Net revenue - 2,954,931 - 12,220 - 16,895 5,264 13,324 35,117 Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) 22,174 (2,940,640 ) (51 ) (10,565 ) (12,342 ) (8,742 ) (9,732 ) (10,354 ) (20,415 ) Finance income (costs), income and social contribution taxes (6,786 ) 6,608 (33 ) (5,723 ) (10,478 ) (1,848 ) (1,085 ) 963 (6,561 ) Net income (loss) for the year 15,388 20,899 (84 ) (4,068 ) (22,820 ) 6,305 (5,553 ) 3,933 8,141 Number of shares or units held 5,599 5,078,888 1,493,122 9,384,693 37,998,195 2,317,921 22,393,571 16,977,737 33,915,815 Interest in share capital - % 50 33 50 50 33 33 33 33 50 12/31/2022 União Vopak RPR Química da Bahia Latitude Logística Navegantes Logística Nordeste Logística I Nordeste Logística II Nordeste Logística III Current assets 3,164 615,563 382 9,526 4,358 20,604 38,951 25,598 Non-current assets 7,454 156,788 9,767 67,774 179,377 23,146 40,806 49,800 Current liabilities 1,378 432,502 - 13,112 40,675 6,183 10,915 7,871 Non-current liabilities 328 263,999 3,109 48,912 73,311 18,546 10,596 16,415 Equity 8,912 75,850 7,040 15,276 69,749 19,021 58,246 51,112 Net revenue 3,408 3,215,987 - 12,722 - 20,631 3,205 12,798 Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (13,412 ) (3,085,140 ) (15 ) (9,864 ) (11,360 ) (7,901 ) (7,367 ) (10,720 ) Finance income (costs), income and social contribution taxes 2,244 (52,248 ) - (4,574 ) (8,408 ) (3,632 ) 531 (1,280 ) Net income (loss) for the year (7,760 ) 78,599 (15 ) (1,716 ) (19,768 ) 9,098 (3,631 ) 798 Number of shares or units held 29,995 5,078,888 1,493,122 9,384,693 37,998,195 984,587 22,393,571 16,977,737 Interest in share capital - % 50 33 50 50 33 33 33 33 12/31/2021 União Vopak RPR ConectCar (i) Latitude Logística Navegantes Logística Nordeste Logística I Nordeste Logística II Nordeste Logística III Net revenue 17,660 2,092,786 60,436 5,895 - 11,625 2,016 7,561 Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (16,144 ) (2,105,544 ) (97,095 ) (2,591 ) (1,579 ) (3,260 ) (3,980 ) (5,030 ) Finance income (costs), income and social contribution taxes (312 ) 15,235 497 (2,118 ) (7,517 ) (3,589 ) (494 ) (1,765 ) Net income (loss) for the year 1,204 2,477 (36,162 ) 1,186 (9,096 ) 4,776 (2,458 ) 766 Number of shares or units held 29,995 5,078,888 263,768,000 4,383,881 22,298,195 681,637 3,933,265 4,871,241 Interest in share capital - % 50 33 50 50 33 33 33 33 The percentages in the table above are rounded. (i) The balances presented refer to September 30, 2021, due to the completion of the sale of on October 1, 2021.
Summary of statements of financial position and statements of income of associates	The table below presents the statements of financial position and statements of income of associates: 12/31/2023 Transportadora Sulbrasileira de Gás S.A. Metalúrgica Plus S.A. Plenogás Distribuidora de Gás S.A. Current assets 10,827 5 828 Non-current assets 9,329 - 1,269 Current liabilities 3,642 32 218 Non-current liabilities 602 742 390 Equity 15,912 (769 ) 1,489 Net revenue 16,212 - - Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (8,145 ) (263 ) 378 Finance income (costs), income and social contribution taxes 186 (35 ) (2 ) Net income (loss) for the year 8,253 (298 ) 376 Number of shares or units held 20,124,996 3,000 1,384,308 Interest in share capital - % 25 33 33 12/31/2022 Transportadora Sulbrasileira de Gás S.A. Metalúrgica Plus S.A. Plenogás Distribuidora de Gás S.A. Current assets 8,598 6 617 Non-current assets 10,420 - 1,949 Current liabilities 2,824 29 167 Non-current liabilities 601 448 555 Equity 15,593 (471 ) 1,844 Net revenue 18,250 - - Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (7,593 ) (245 ) 356 Finance income (costs), income and social contribution taxes 76 (69 ) (3 ) Net income (loss) for the year 10,733 (314 ) 353 Number of shares or units held 20,124,996 3,000 1,384,308 Interest in share capital - % 25 33 33 12/31/2021 Transportadora Sulbrasileira de Gás S.A. Oxicap Indústria de Gases Ltda. Química da Bahia Indústria e Comércio S.A. Metalúrgica Plus S.A. Plenogás Distribuidora de Gás S.A. Net revenue 15,126 69,611 - - - Costs, operating expenses, gain (loss) on disposal of property, plant and equipment and intangibles and other operating income (expenses) (12,691 ) (68,390 ) (28 ) (239 ) 18 Finance income (costs) and income tax (226 ) (904 ) - (61 ) (31 ) Net income (loss) for the year 2,209 317 (28 ) (300 ) (13 ) Number of shares or units held 20,124,996 1,987 1,493,120 3,000 1,384,308 Interest in share capital - % 25 15 50 33 33
Schedule of the balances and changes in investments in joint ventures and associates	Balances and changes in investments in subsidiaries, joint ventures and associates are as follows: Joint ventures Associates Total Balance as of December 31, 2020 (i) 137,004 25,616 162,620 Share of profit (loss) of joint ventures and associates from continuing operations (18,068 ) 434 (17,634 ) Share of profit (loss) of joint ventures and associates from discontinued operations - 48 48 Dividends - (998 ) (998 ) Valuation adjustments 99 - 99 Actuarial gain of post-employment benefits of subsidiaries, net of income and social contribution taxes 5,723 - 5,723 Capital increase in cash 30,697 - 30,697 Capital decrease (5,001 ) (1,500 ) (6,501 ) Shareholder transactions - changes of interest (966 ) - (966 ) Write-off of investment (78,099 ) - (78,099 ) Reclassification to assets held for sale - (16,396 ) (16,396 ) Balance as of December 31, 2021 (i) 71,389 7,204 78,593 Joint ventures Associates Total Balance as of December 31, 2021 (i) 71,389 7,204 78,593 Share of profit (loss) of subsidiaries, joint ventures and associates 9,397 2,784 12,181 Dividends (4,298 ) (2,076 ) (6,374 ) Equity instrument granted (ii) - - - Accumulated other comprehensive income 267 - 267 Actuarial gain of post-employment benefits of subsidiaries, net of income and social contribution taxes (1,440 ) - (1,440 ) Capital increase in cash 28,000 - 28,000 Shareholder transactions - changes of interest 3,528 (3,528 ) - Balance as of December 31, 2022 (i) 106,843 4,384 111,227 Joint ventures Associates Total Balance as of December 31, 2022 (i) 106,843 4,384 111,227 Share of profit (loss) of subsidiaries, joint ventures and associates (*) 9,840 2,068 11,908 Dividends (11,072 ) (2,200 ) (13,272 ) Equity instrument granted (ii) 899 - 899 Acquisition of Terminal de Combustíveis Paulínia S.A. ("Opla") 210,096 - 210,096 Capital decrease (3,100 ) - (3,100 ) Other movements 342 - 342 Balance as of December 31, 2023 (i) 313,848 4,252 318,100 (*) Adjusted for unrealized profits between subsidiaries. (i) Investments in subsidiaries, joint ventures and associates net of provision for equity deficit. (ii) Amounts refer to grants of long-term incentives in subsidiaries Ipiranga Produtos de Petróleo S.A., Ultragaz Participações Ltda. and Ultracargo–Operações Logísticas Ltda.

Right-of-use assets and lease_2

Right-of-use assets and leases payable (Tables)	12 Months Ended
	Dec. 31, 2023
Right-of-use assets and leases payable
Summary of Information About Right of Use Asset	a. Right-of-use assets Weighted average useful life (years) Balance as of 12/31/2022 Additions and remeasurement (i) Write-offs Transfers (ii) Amortization Acquisition of subsidiary (iii) Balance as of 12/31/2023 Cost: Real estate 10 2,019,898 140,245 (165,551 ) - - 4,274 1,998,866 Port areas 29 311,174 3,790 - - - - 314,964 Vehicles 4 186,455 120,705 (71,781 ) - - 35,009 270,388 Equipment 5 26,345 12,910 (1,973 ) - - 996 38,278 Others 20 27,846 - - - - - 27,846 2,571,718 277,650 (239,305 ) - - 40,279 2,650,342 Accumulated amortization: Real estate (634,688 ) - 95,896 (4,491 ) (209,522 ) (393 ) (753,198 ) Port areas (36,773 ) - - - (7,847 ) - (44,620 ) Vehicles (83,902 ) - 63,708 - (80,661 ) (9,112 ) (109,967 ) Equipment (2,850 ) - 1,974 - (4,151 ) (157 ) (5,184 ) Others (22,128 ) - - - (3,719 ) - (25,847 ) (780,341 ) - 161,578 (4,491 ) (305,900 ) (9,662 ) (938,816 ) Net amount 1,791,377 277,650 (77,727 ) (4,491 ) (305,900 ) 30,617 1,711,526 (i) Considers R$ 257,201 referring to additions and between right-of-use assets and leases payable. (ii) Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation. (iii) For further information, see Note 28 Weighted average useful life (years) Balance as of 12/31/2021 Additions and remeasurement Write-offs Transfers Amortization Balance as of 12/31/2022 Cost: Real estate 10 1,793,473 366,805 (140,380 ) - - 2,019,898 Port areas 29 299,630 11,868 (324 ) - - 311,174 Vehicles 4 146,173 115,666 (75,384 ) - - 186,455 Equipment 5 16,740 9,958 (353 ) - - 26,345 Others 20 27,846 - - - - 27,846 2,283,862 504,297 (216,441 ) - - 2,571,718 Accumulated amortization: Real estate (489,470 ) - 79,003 (5,311 ) (218,910 ) (634,688 ) Port areas (23,526 ) - - - (13,247 ) (36,773 ) Vehicles (98,867 ) - 66,554 - (51,589 ) (83,902 ) Equipment (1,834 ) - 399 - (1,415 ) (2,850 ) Others (18,870 ) - - - (3,258 ) (22,128 ) (632,567 ) - 145,956 (5,311 ) (288,419 ) (780,341 ) Net amount 1,651,295 504,297 (70,485 ) (5,311 ) (288,419 ) 1,791,377 Weighted average useful life (years) Balance as of 12/31/2020 Additions and remeasurement Write-offs Transfers (i) Exchange rate variation Amortization Reclassification to assets held for sale (ii) Balance as of 12/31/2021 Cost: Real estate 10 2,254,432 257,787 (150,718 ) - 1,295 - (569,323 ) 1,793,473 Port areas 20 268,534 31,096 (*) - - - - - 299,630 Vehicles 4 139,843 26,589 (9,315 ) - 103 - (11,047 ) 146,173 Equipment 6 44,936 19,887 (6,171 ) - 1,920 - (43,832 ) 16,740 Others 20 27,846 - - - - - - 27,846 2,735,591 335,359 (166,204 ) - 3,318 - (624,202 ) 2,283,862 Accumulated amortization: Real estate (481,975 ) - 76,954 - (530 ) (283,882 ) 199,963 (489,470 ) Port areas (3,962 ) - - (11,935 ) - (7,629 ) - (23,526 ) Vehicles (63,091 ) - 7,032 - (54 ) (48,146 ) 5,392 (98,867 ) Equipment (19,619 ) - 6,483 - (897 ) (17,637 ) 29,836 (1,834 ) Others (16,658 ) - - - - (2,212 ) - (18,870 ) (585,305 ) - 90,469 (11,935 ) (1,481 ) (359,506 ) 235,191 (632,567 ) Provision for impairment losses: Real estate - (38,957 ) - - - - 38,957 - - (38,957 ) - - - - 38,957 - Net amount 2,150,286 296,402 (75,735 ) (11,935 ) 1,837 (359,506 ) (350,054 ) 1,651,295
Summary of Changes in Lease Payables	The changes in leases payable are shown below: Balance as of December 31, 2020 1,833,288 Interest accrued 147,494 Payments (i) (440,574 ) Additions and remeasurement 288,711 Write-offs (83,157 ) Efffect of foreign currency exchange rate variation 16,264 Reclassification to liabilities held for sale (see note 29 (413,715 ) Balance as of December 31, 2021 1,348,311 Interest accrued 128,069 Payments of leases (357,879 ) Additions and remeasurement 482,439 Write-offs (77,171 ) Balance as of December 31, 2022 1,523,769 Interest accrued 143,005 Payments of leases (213,527 ) Interest payment (145,586 ) Additions and remeasurement 257,201 Write-offs (71,569 ) Acquisition of subsidiary (see notes 28 28 30,641 Balance as of December 31, 2023 1,523,934 Current 311,426 Non-current 1,212,508
Summary of Maturities of Lease Payments of Operating Lease	The undiscounted future cash outflows are presented below: 12/31/2023 12/31/2022 Up to 1 418,450 343,792 1 2 322,165 319,284 2 3 227,785 277,318 3 4 189,744 201,227 4 5 147,977 173,229 More than 5 1,003,655 1,089,255 Total 2,309,776 2,404,105
Schedule of weighted average discount rates for the lease payable by maturity period	The weighted nominal average discount rates for the lease contracts of the Company are: Contracts by maturity date and discount rate Maturity dates of the contracts Rate (% p.a.) From 1 5 9.40% From 6 10 9.87% From 11 15 10.28% More than 15 10.42%
Details About Lease Contracts of Low Amount Assets	Up to 1 Between 1 5 More than 5 Total 12/31/2023 7,693 1,872 - 9,565

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
Balances and changes in property, plant, and equipment	Balances and changes in property, plant and equipment are as follows: Weighted average useful life (years) Balance as of 12/31/2022 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 Balance as of 12/31/2023 Cost: Land - 619,116 1,053 - 3,316 (16,369 ) 36 607,152 Buildings 36 1,532,506 27,100 - 198,398 (111,899 ) 891 1,646,996 Leasehold improvements 11 1,169,326 30,348 - 90,557 (12,458 ) 15,225 1,292,998 Machinery and equipment 11 3,186,759 111,726 - 133,554 (14,634 ) 112,779 3,530,184 Automotive fuel/lubricant distribution equipment and facilities 13 3,213,123 86,714 - 143,010 (92,744 ) 11,534 3,361,637 LPG tanks and bottles 8 920,287 129,567 - 431 (43,887 ) - 1,006,398 Vehicles 8 325,094 24,661 - 1,351 (9,473 ) 29,801 371,434 Furniture and fixtures 9 201,708 12,326 - 1,649 (4,547 ) 1,504 212,640 IT equipment 5 303,023 19,787 - 4,516 (10,750 ) 2,145 318,721 Construction in progress - 694,726 650,828 - (567,114 ) - 5,056 783,496 Advances to suppliers - 18,139 20,501 - (6,263 ) - 180 32,557 Imports in progress - 902 2,205 - - - - 3,107 12,184,709 1,116,816 - 3,405 (316,761 ) 179,151 13,167,320 Balance as of 12/31/2022 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 Balance as of 12/31/2023 Accumulated depreciation: Buildings (591,812 ) - (46,187 ) - 101,919 (438 ) (536,518 ) Leasehold improvements (618,256 ) - (71,139 ) - 8,858 (2,650 ) (683,187 ) Machinery and equipment (1,926,954 ) - (194,666 ) - 13,499 (39,721 ) (2,147,842 ) Automotive fuel/lubricant distribution equipment and facilities (2,113,657 ) - (181,233 ) - 60,982 (4,935 ) (2,238,843 ) LPG tanks and bottles (557,260 ) - (83,777 ) - 35,739 - (605,298 ) Vehicles (154,177 ) - (29,483 ) - 5,608 (3,459 ) (181,511 ) Furniture and fixtures (118,438 ) - (14,032 ) - 3,052 (699 ) (130,117 ) IT equipment (239,978 ) - (23,721 ) - 10,058 (1,311 ) (254,952 ) (6,320,532 ) - (644,238 ) - 239,715 (53,213 ) (6,778,268 ) Provision for impairment losses: Land (146 ) - - - - - (146 ) Buildings - (21 ) - - 4 - (17 ) Leasehold improvements (30 ) (11 ) - - 30 - (11 ) Machinery and equipment (1,566 ) (57 ) - - 328 - (1,295 ) Automotive fuel/lubricant distribution equipment and facilities (22 ) - - - 20 - (2 ) (1,764 ) (89 ) - - 382 - (1,471 ) Net amount 5,862,413 1,116,727 (644,238 ) 3,405 (76,664 ) 125,938 6,387,581 (i) Refers to R$ 1,086 transferred to intangible assets and R$ 4,491 transferred from right-of-use assets. Construction in progress relates substantially to expansions, renovations, constructions and upgrade of the terminals’ assets, service stations and distribution bases. Advances to suppliers are basically related to manufacturing of assets for expansion of terminals, distribution bases and acquisition of real estate. Weighted average useful life (years) Balance as of 12/31/2021 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 Balance as of 12/31/2022 Cost: Land - 610,294 - - 23,539 (14,717 ) - 619,116 Buildings 32 1,486,721 20,020 - 73,744 (47,979 ) - 1,532,506 Leasehold improvements 13 1,056,179 40,685 - 82,317 (9,855 ) - 1,169,326 Machinery and equipment 12 3,024,577 99,477 - 70,150 (7,518 ) 73 3,186,759 Automotive fuel/lubricant distribution equipment and facilities 13 3,245,586 96,208 - 12,680 (141,351 ) - 3,213,123 LPG tanks and bottles 9 840,931 94,356 - - (15,000 ) - 920,287 Vehicles 9 288,239 33,452 - 8,050 (4,647 ) - 325,094 Furniture and fixtures 9 168,092 34,905 - 5,140 (6,531 ) 102 201,708 IT equipment 5 330,375 24,069 - 2,053 (53,863 ) 389 303,023 Construction in progress - 452,248 482,043 - (239,082 ) (483 ) - 694,726 Advances to suppliers - 14,281 35,887 - (32,029 ) - - 18,139 Imports in progress - 181 902 - (181 ) - - 902 11,517,704 962,004 - 6,381 (301,944 ) 564 12,184,709 Weighted average useful life (years) Balance as of 12/31/2021 Additions Depreciation Transfers (i) Write-offs Acquisition of subsidiaries (see Note 28 ) Balance as of 12/31/2022 Accumulated depreciation: Buildings (585,846 ) - (42,195 ) - 36,229 - (591,812 ) Leasehold improvements (573,553 ) - (58,172 ) 606 12,863 - (618,256 ) Machinery and equipment (1,758,401 ) - (175,567 ) - 7,024 (10 ) (1,926,954 ) Automotive fuel/lubricant distribution equipment and facilities (2,050,533 ) - (175,899 ) (3 ) 112,778 - (2,113,657 ) LPG tanks and bottles (498,310 ) - (69,860 ) - 10,910 - (557,260 ) Vehicles (133,149 ) - (23,713 ) - 2,685 - (154,177 ) Furniture and fixtures (112,288 ) - (11,496 ) (603 ) 5,953 (4 ) (118,438 ) IT equipment (269,534 ) - (23,933 ) - 53,526 (37 ) (239,978 ) (5,981,614 ) - (580,835 ) - 241,968 (51 ) (6,320,532 ) Provision for impairment losses: Land (146 ) - - - - - (146 ) Leasehold improvements (18 ) (12 ) - - - - (30 ) Machinery and equipment (1,289 ) (27 ) - - (250 ) - (1,566 ) Automotive fuel/lubricant distribution equipment and facilities (46 ) - - - 24 - (22 ) (1,499 ) (39 ) - - (226 ) - (1,764 ) 5,534,591 961,965 (580,835 ) 6,381 (60,202 ) 513 5,862,413 (i) Refers to R$ 1,070 transferred from intangible assets and R$ 5,311 transferred from right-of-use assets. Weighted average useful life (years) Balance as of 12/31/2020 Additions Depreciation Transfers (i) (ii) Write-offs and disposals Exchange rate variation Reclassification to assets held for sale (iii) Balance as of 12/31/2021 Cost: Land 687,108 2,424 - - (17,503 ) 3,416 (65,151 ) 610,294 Buildings 33 2,154,710 47,920 - 119,748 (34,925 ) 26,997 (827,729 ) 1,486,721 Leasehold improvements 10 1,222,822 21,944 - 136,206 (31,587 ) 30 (293,236 ) 1,056,179 Machinery and equipment 12 6,498,362 161,071 - 558,197 (13,811 ) 93,412 (4,272,654 ) 3,024,577 Automotive fuel/lubricant distribution equipment and facilities 13 3,169,320 88,112 - 33,794 (45,640 ) - - 3,245,586 LPG tanks and bottles 9 776,479 91,842 - 1,567 (28,957 ) - - 840,931 Vehicles 8 310,836 19,054 - 11,634 (25,949 ) 82 (27,418 ) 288,239 Furniture and fixtures 8 316,712 33,644 - 2,277 (14,614 ) 1,296 (171,223 ) 168,092 IT equipment 5 444,844 28,350 - 901 (11,998 ) 705 (132,427 ) 330,375 Construction in progress (ii) 580,695 797,674 - (829,245 ) (301 ) 3,290 (99,865 ) 452,248 Advances to suppliers 34,642 21,985 - (18,894 ) - - (23,452 ) 14,281 Imports in progress 866 4,312 - (4,631 ) - 38 (404 ) 181 16,197,396 1,318,332 - 11,554 (225,285 ) 129,266 (5,913,559 ) 11,517,704 Balance as of 12/31/2020 Additions Depreciation Transfers (i) (ii) Write-offs and disposals Exchange rate variation Reclassification to assets held for sale (iii) Balance as of 12/31/2021 Accumulated depreciation: Buildings (851,397 ) - (68,388 ) (94 ) 23,031 (6,872 ) 317,874 (585,846 ) Leasehold improvements (689,161 ) - (81,976 ) 81 27,519 (37 ) 170,021 (573,553 ) Machinery and equipment (3,598,304 ) - (356,637 ) - 11,717 (21,651 ) 2,206,474 (1,758,401 ) Automotive fuel/lubricant distribution equipment and facilities (1,906,953 ) - (178,110 ) (311 ) 34,841 - - (2,050,533 ) LPG tanks and bottles (454,651 ) - (62,558 ) - 18,899 - - (498,310 ) Vehicles (143,854 ) - (22,927 ) 195 15,480 (20 ) 17,977 (133,149 ) Furniture and fixtures (191,713 ) - (23,594 ) 24 14,443 (817 ) 89,369 (112,288 ) IT equipment (352,256 ) - (35,614 ) 317 11,489 (435 ) 106,965 (269,534 ) (8,188,289 ) - (829,804 ) 212 157,419 (29,832 ) 2,908,680 (5,981,614 ) Provision for impairment losses: Land (146 ) - - - - - - (146 ) Leasehold improvements (61 ) (43,666 ) - - - (3 ) 43,712 (18 ) Machinery and equipment (2,857 ) (839 ) - - 6 (45 ) 2,446 (1,289 ) Automotive fuel/lubricant distribution equipment and facilities (73 ) - - - 27 - - (46 ) Vehicles - (160 ) - - - - 160 - Furniture and fixtures - (14,887 ) - - - - 14,887 - IT equipment - (1,660 ) - - - - 1,660 - Advances to suppliers (110 ) - - - - - 110 - (3,247 ) (61,212 ) - - 33 (48 ) 62,975 (1,499 ) 8,005,860 1,257,120 (829,804 ) 11,766 (67,833 ) 99,386 (2,941,904 ) 5,534,591 (i) Refers to R$ 169 transferred to intangible assets. (ii) Includes R$ 11,935 transferred from right-of-use assets. (iii) For further information, see Note 4

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Balances and changes in intangible assets	Balances and changes in intangible assets are as follows Weighted average useful life (years) Balance as of 12/31/2022 Additions Amortizations Transfers (i) Write-offs Exchange rate variation Acquisition of subsidiaries Balance as of 12/31/2023 Cost: Goodwill (a) - 917,775 ‐ ‐ ‐ - ‐ 25,350 943,125 Software (c) 5 1,299,088 273,310 ‐ 1,086 (79,909 ) ‐ 10,026 1,503,601 Distribution rights 15 114,593 1,357 ‐ ‐ - ‐ 39,224 155,174 Brands (d) - 65,647 - ‐ ‐ - (3,344 ) ‐ 62,303 Trademark rights (d) 30 114,792 25 ‐ ‐ - ‐ 6,143 120,960 Others 3 177 ‐ ‐ ‐ (3 ) ‐ 14,953 15,127 Decarbonization credits (CBIO) (b) - 232,305 778,885 ‐ ‐ (300,480 ) ‐ ‐ 710,710 2,744,377 1,053,577 ‐ 1,086 (380,392 ) (3,344 ) 95,696 3,511,000 Accumulated amortization: Software (708,659 ) ‐ (192,976 ) ‐ 79,720 ‐ (4,858 ) (826,773 ) Distribution rights (102,037 ) ‐ (2,956 ) ‐ ‐ ‐ (1,152 ) (106,145 ) Trademark rights (14,930 ) ‐ (3,889 ) ‐ ‐ ‐ (112 ) (18,931 ) Others (402 ) ‐ (4,835 ) ‐ 3 ‐ ‐ (5,234 ) (826,028 ) ‐ (204,656 ) ‐ 79,723 ‐ (6,122 ) (957,083 ) Net amount 1,918,349 1,053,577 (204,656 ) 1,086 (300,669 ) (3,344 ) 89,574 2,553,917 (i) Refers to R$ 1,086 transferred from property, plant and equipment. Weighted average useful life (years) Balance as of 12/31/2021 Additions Amortizations Transfers (i) Write-offs Exchange rate variation Balance as of 12/31/2022 Cost: Goodwill (a) - 818,096 99,679 ‐ ‐ ‐ ‐ 917,775 Software (c) 5 1,146,980 277,600 ‐ 173 (125,665 ) ‐ 1,299,088 Distribution rights 12 114,593 ‐ ‐ ‐ ‐ ‐ 114,593 Brands (d) - 69,198 ‐ ‐ ‐ ‐ (3,551 ) 65,647 Trademark rights (d) 39 114,792 ‐ ‐ ‐ ‐ ‐ 114,792 Others 10 421 999 ‐ (1,243 ) ‐ ‐ 177 Decarbonization credits (CBIO) (b) - ‐ 635,130 ‐ ‐ (402,825 ) ‐ 232,305 2,264,080 1,013,408 ‐ (1,070 ) (528,490 ) (3,551 ) 2,744,377 Accumulated amortization: Software (679,402 ) - (154,122 ) ‐ 124,865 - (708,659 ) Technology ‐ - - - - - ‐ Distribution rights (101,027 ) - (1,010 ) - - - (102,037 ) Trademark rights (11,993 ) - (2,937 ) - - - (14,930 ) Others (402 ) - - - - - (402 ) (792,824 ) ‐ (158,069 ) ‐ 124,865 ‐ (826,028 ) Net amount 1,471,256 1,013,408 (158,069 ) (1,070 ) (403,625 ) (3,551 ) 1,918,349 (i) Refers to R$ 1,070 transferred to property, plant and equipment Weighted average useful life (years) Balance as of 12/31/2020 Additions Amortization Transfers (i) Write-offs and disposals Exchange rate variation Reclassification to assets held for sale (ii) Balance as of 12/31/2021 Cost: Goodwill (a) 1,525,088 ‐ ‐ ‐ ‐ ‐ (706,992 ) 818,096 Software (b) 4 1,395,046 284,311 ‐ 372 (19,826 ) 1,808 (514,731 ) 1,146,980 Technology 32,617 ‐ ‐ ‐ ‐ ‐ (32,617 ) ‐ Distribution rights 12 133,599 ‐ ‐ ‐ ‐ ‐ (19,006 ) 114,593 Brands (c) 136,962 ‐ ‐ ‐ ‐ 4,759 (72,523 ) 69,198 Trademark rights (c) 39 114,792 ‐ ‐ ‐ ‐ ‐ ‐ 114,792 Others (d) 10 50,698 1,678 ‐ ‐ ‐ (76 ) (51,879 ) 421 Decarbonization credits (e) ‐ 176,837 ‐ ‐ (176,837 ) ‐ ‐ ‐ 3,388,802 462,826 ‐ 372 (196,663 ) 6,491 (1,397,748 ) 2,264,080 Accumulated amortization: Software (825,024 ) ‐ (206,025 ) (203 ) 19,329 (1,566 ) 334,087 (679,402 ) Technology (32,616 ) ‐ ‐ ‐ ‐ ‐ 32,616 ‐ Distribution rights (113,326 ) ‐ (3,093 ) ‐ ‐ ‐ 15,392 (101,027 ) Trademark rights (9,056 ) ‐ (2,937 ) ‐ ‐ ‐ ‐ (11,993 ) Others (32,845 ) ‐ (167 ) ‐ ‐ (2 ) 32,612 (402 ) (1,012,867 ) ‐ (212,222 ) (203 ) 19,329 (1,568 ) 414,707 (792,824 ) Provision for losses and impairment: Goodwill (a) (593,280 ) (68,273 ) ‐ ‐ ‐ ‐ 661,553 ‐ Distribution rights ‐ (76,218 ) ‐ ‐ ‐ ‐ 76,218 ‐ (593,280 ) (144,491 ) ‐ ‐ ‐ ‐ 737,771 ‐ Net amount 1,782,655 318,335 (212,222 ) 169 (177,334 ) 4,923 (245,270 ) 1,471,256 (i) Refers to amounts transferred from property, plant and equipment. (ii) For further information, see Note 29
Balance of the goodwill	Segment 12/31/2023 12/31/2022 Goodwill on the acquisition of: Ipiranga (i) Ipiranga 276,724 276,724 União Terminais Ultracargo 211,089 211,089 Texaco Ipiranga 177,759 177,759 Iconic (CBLSA) Ipiranga 69,807 69,807 Temmar Ultracargo 43,781 43,781 DNP Ipiranga 24,736 24,736 Repsol Ultragaz 13,403 13,403 Neogás (ii) Ultragaz 7,761 ‐ Stella (ii) Ultragaz 103,051 99,679 Serra Diesel Ultrapar 14,217 ‐ TEAS (iii) Ultracargo 797 797 943,125 917,775 (i) Including R$ 246,163 presented as goodwill at the Parent. (ii) For further information, see Notes 28.a and 28.b (iii) On April 27, 2023, the Company was merged into Ultracargo Logística S.A.

Loans, financing, debentures _2

Loans, financing, debentures and derivative financial instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Loans, financing, debentures and derivative financial instruments
Summary of Compostion of loans	a. Composition Description Index/Currency Average financial charges Maturity 12/31/2023 12/31/2022 Foreign curency: Notes in the foreign market (e) USD 5.30% 2026 and 2029 3,694,339 3,973,816 Foreign loan (f) USD 4.60% 2024 and 2025 1,018,429 1,161,798 Foreign loan (f) JPY 1.30% 2025 439,852 - Foreign loan (f) EUR 4.40% 2024 126,171 54,542 Total in foreign currency 5,278,791 5,190,156 Brazilian Reais: Debentures – CRA (d) IPCA + 5.10% 2024 and 2032 3,434,287 3,011,462 Debentures – CRA (d) %DI 97.50% 2023 - 660,485 Debentures - Ultracargo IPCA + 4.10% 2028 556,677 482,185 CCB (g) %DI 109.40% 2025 552,407 - Debentures – CRA (d) Fixed rate 11.20% 2027 539,914 - Debentures – CRA (d) DI+ 0.70% 2027 488,269 - CDCA (g) % DI 108.60% 2024 201,848 - Debentures – Ultracargo Logística (d) Fixed rate 6.50% 2024 87,826 81,548 FINEP TJLP ( 1 1.00% 2024 and 2026 1,264 - Debentures - 6th issuance(d) %DI 0.00% 2023 - 1,800,213 Total in Brazilian Reais 5,862,492 6,035,893 Total in foreign currency and Brazilian Reais 11,141,283 11,226,049 Derivative financial instruments (*) 626,734 524,312 Total 11,768,017 11,750,361 Current 1,993,254 3,360,677 Non-current 9,774,763 8,389,684 (*) Accumulated losses (see Note 26 .g). ( 1 TJLP (Long-term Interest Rate) = set by the National Monetary Council, the TJLP is the basic financing cost of Banco de e Social (“BNDES”), the Brazilian Development Bank. On December 31, 2023, TJLP was fixed at % p.a. (7.20% p.a in 2022 and 5.32% p.a in 2021).
Summary Of Changes In Loans Debentures And Derivatives	The changes in loans, financing, debentures and derivative financial instruments are shown below: Balance as of December 31, 2020 17,376,216 New loans and debentures with cash effect 1,462,220 Interest accrued 801,102 Principal payment (2,922,214 ) Interest payment (749,043 ) Monetary and exchange rate variation 800,749 Change in fair value (229,657 ) Hedge result 80,018 Reclassification to liabilities held for sale (241,748 ) Balance as of December 31, 2021 16,377,643 New loans with cash effect 1,519,580 Interest accrued 945,023 Principal payment (5,848,611 ) Interest payment (914,979 ) Monetary and exchange rate variation (587,064 ) Change in fair value (68,366 ) Hedge result 327,135 Balance as of December 31, 2022 11,750,361 New loans (d; e; f) 2,903,031 Interest accrued 761,052 Principal payment (3,149,525 ) Interest payment (742,724 ) Balance of acquired company (see Note 28 111,328 Monetary and exchange rate variation (319,488 ) Change in fair value 351,560 Hedge result 102,422 Balance as of December 31, 2023 11,768,017
Summary of Principal Maturity Schedule	The long-term debt had the following principal maturity schedule: 12/31/2023 12/31/2022 1 2 1,879,412 817,898 2 3 2,243,967 782,965 3 4 1,023,820 2,268,647 4 5 1,691,595 - More than 5 2,935,969 4,520,174 9,774,763 8,389,684
Summary of Transaction Costs	Transaction costs incurred in issuing debt were deducted from the value of the related contracted financing and are recognized as an expense according to the effective interest rate method as follows: Debentures Notes in the foreign market Banco do Brasil Promissory notes 12/31/2020 28,348 37,112 332 1,318 Incurred costs 40,953 - - - Payments (14,811 ) (4,890 ) (256 ) (1,318 ) Reclassification to liabilities held for sale - (4,204 ) - - 12/31/2021 54,490 28,018 76 - Incurred costs 30,420 - - - Payments (16,742 ) (15,613 ) (76 ) - 12/31/2022 68,168 12,405 - - Incurred costs 23,569 - - - Payments (17,337 ) (2,289 ) - - 12/31/2023 74,400 10,116 - -
Summary of Appropriated Profit or Loss in The Future	The amount to be appropriated to profit or loss in the future is as follows: 12/ Up to 1 18,583 1 2 17,685 2 3 17,336 3 4 13,624 4 5 8,277 More than 5 9,011 Total 84,516
Summary of Debentures	Refers to funds raised by the Company and its subsidiaries and used, substantially, on the ordinary course of its business. Issuance date Nature Company Issuing company Issuance Series Final Maturity Amount Original remuneration Hedge instrument/ swap Remuneration payment Payment of the face value Apr-17 CRA Ipiranga Prod. De Petróleo S.A. Eco Consult - Consultoria de Oper. Financ. Agropecuárias Ltda. 5 th 2 nd Apr-24 R$ 352,361 IPCA + 4.68% 93.9% of DI Annually Lump sum at final maturity Oct-17 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 7 th 2 nd Oct-24 R$ 213,693 IPCA + 4.34% 97.3% of DI Annually Lump sum at final maturity Dec-18 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 8 th 2 nd Dec-25 R$ 240,000 IPCA + 4.61% 97.1% of DI Annually Lump sum at final maturity Nov-19 Debentures Ultracargo Logistica S.A. - 1 st Single Nov-24 R$ 90,000 6.47% 99.94% of DI Semiannually Lump sum at final maturity Mar-21 Debentures Ultracargo Soluções Logísticas S.A. - 1 st Single Mar-28 R$ 360,000 IPCA + 4.04% 111.4% of DI Semiannually Lump sum at final maturity Mar-21 Debentures Ultracargo Logistica S.A. -. 2 nd Single Mar-28 R$ 100,000 IPCA + 4.37% 111.4% of DI Semiannually Lump sum at final maturity Sep- 21 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 10 th Single Sep-28 R$ 960,000 IPCA + 4.8287% 102.75% of DI Semiannually Lump sum at final maturity Jun-22 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 11 th Single Jun-32 R$ 1,000,000 IPCA + 6.0053% 104.8% of DI Semiannually Anual from the 8 t h Jun-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 12 th 1 st Jun-27 R$ 325,791 11.17% p.a. 105.1% of DI Quarterly Lump sum at final maturity Jun-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 12 th 2 nd Jun-27 R$ 292,209 DI + 0.70% p.a. - Quarterly Lump sum at final maturity Jul-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 13 th 1 st Jul-27 R$ 200,000 11.17% p.a. 102.9% of DI Quarterly Lump sum at final maturity Jul-23 CRA Ipiranga Prod. De Petróleo S.A. Vert Companhia Securitizadora. 13 th 2 nd Jul-27 R$ 200,000 DI + 0.70% p.a. - Quarterly Lump sum at final maturity
Summary of debentures maturity dates distribution	The debentures have maturity dates distributed as shown below (includes accrued interest through December 31, 2023): Maturity 12/31/2023 Charges ( 1 191,959 Apr/2024 491,882 Oct/2024 295,933 Nov/2024 90,000 Dec/2025 317,934 Jun/2027 618,000 Jul/2027 400,000 Mar/2028 550,621 Sept/2028 1,101,274 Jun/2030 349,790 Jun/2031 349,790 Jun/2032 349,790 Total 5,106,973 ( 1 Includes interest, transaction cost and mark to market.
Summary of foreign loans	Refers to funds raised by subsidiaries through Resolution 4131 Issuance Date Company Due date Principal Financial charges Hedge instrument/swap Dec-22 Cia Ultragaz S.A. Sep-25 USD 96,339 4.539% 108.5 of DI Jan-23 Iconic Lubrificantes S.A. Jan-24 EUR 22,480 EUR + 4.35% 111.9% of DI Jan-23 Cia Ultragaz S.A. Mar-25 JPY 12,564,392 JPY + 1.31% 109.4% of DI Mar-23 Cia Ultragaz S.A. Jul-24 USD 100,000 USD + 4.6% 110.9% of DI Mar-23 Iconic Lubrificantes S.A. Apr-24 USD 9,727 USD + 6.4% 116.0% of DI
Summary of Foreign Loan Maturity	The foreign loans have the maturity distributed as follows: Maturity EUR USD JPY R$ Cost in % of DI Charges ( 1 1,138 3,945 149,726 30,314 Jan/2024 22,438 - - 120,080 111.9 % Apr/2024 - 9,788 - 47,387 116.0 % Jul/2024 - 99,923 - 483,757 110.9 % Mar/2025 - - 12,703,925 434,728 109.4 % Sept/2025 - 96,707 - 468,186 108.5 % Total / weighted average cost 23,576 210,363 12,853,651 1,584,452 110.0 % ( 1 Considers interest, transaction cost and fair value adjustments.

Trade Payables (Tables)

Trade Payables (Tables)	12 Months Ended
	Dec. 31, 2023
Trade payables
Summary of Trade Payables	a. Trade payables 12/31/2023 12/31/2022 Domestic suppliers 2,842,433 2,777,021 Foreign suppliers 1,692,786 1,674,287 Trade payables - related parties (see Note 8 .2 147,452 259,644 4,682,671 4,710,952 Some Company’s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries. b. Trade payables - reverse factoring 12/31/2023 12/31/2022 Domestic suppliers - reverse factoring 1,039,366 2,429,497 Foreign suppliers - reverse factoring ‐ 237,397 1,039,366 2,666,894

Employee Benefits and Private_2

Employee Benefits and Private Pension Plan (Tables)	12 Months Ended
	Dec. 31, 2023
Employee benefits and private pension plan
Post-employment benefits	The amounts related to such benefits are based on a valuation conducted by an independent actuary and reviewed by Management as of December 31, 2023. 12/31/2023 12/31/2022 Health and dental care plan ( 1 211,279 164,428 Indemnification of FGTS 38,456 36,357 Seniority bonus 2,026 2,156 Life insurance ( 1 13,062 12,615 Total 264,823 215,556 Current 23,612 21,809 Non-current 241,211 193,747 (1) Applicable to IPP, Tropical and Iconic.
Changes in provision for post-employment benefits	Changes in the present value of the post-employment benefit obligation occurred as follows: 12/31/2023 12/31/2022 12/31/2021 Opening balance 215,556 215,719 284,724 Expense for the year of continuing operations 17,521 20,944 15,585 Expense (revenue) for the year of discontinued operations ‐ 494 2,951 Actuarial (gains) losses from changes in actuarial assumptions 52,099 (2,589 ) (58,954 ) Benefits paid directly by the Company and its subsidiaries (20,353 ) (19,012 ) (18,400 ) Exchange rates from post-employment benefits of foreign subsidiaries - - 217 Reclassification to liabilities held for sale (i) - - (10,404 ) Closing balance 264,823 215,556 215,719
Post-employment benefit expense	The total expense for each year is presented below: 2023 2022 2021 Health and dental care plan 11,182 14,660 15,265 Indemnification of FGTS 4,909 4,766 4,409 Seniority bonus 286 563 (4,886 ) Life insurance 1,144 955 797 Total 17,521 20,944 15,585
Significant actuarial assumptions adopted	The main actuarial assumptions used are: Economic factors 12/31/2023 12/31/2022 % p.a. % p.a. Discount rate for the actuarial obligation at present value 9.41 9.97 Average projected salary growth rate 6.83 6.98 Average projected bonus growth rate 7.33 7.07 Inflation rate (long term) 3.50 3.50 Growth rate of medical services 7.64 7.64 Average discount rate of medical services 9.53 10.01
Sensitivity analysis	Assumption Change in assumptions Decrease in liability Change in assumptions Increase in liability Discount rate increase by 1.0 p.p. 26,978 decrease 1.0 p.p. 33,577 Salary growth rate decrease by 1.0 p.p. 399 increase by 1.0 p.p. 432 Medical services growth rate decrease by 1.0 p.p. 24,871 increase by 1.0 p.p. 30,738

Provisions and contingent lia_2

Provisions and contingent liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of contingent liabilities [abstract]
Breakdown of provisions by nature	The table below shows the breakdown of provisions by nature and their changes: Provisions Balance as of 12/31/2022 Additions Reversals Payments Interest Acquisition of subsidiary (i) Balance as of 12/31/2023 IRPJ and CSLL (a .1 559,217 14,597 (6,717 ) ‐ 69,070 ‐ 636,167 Tax 68,434 46,743 (21,148 ) (14,747 ) 27,101 789 107,172 Civil, environmental and regulatory claims 93,416 124,857 (29,402 ) (39,071 ) ‐ 458 150,258 Labor litigation 73,172 27,333 (27,308 ) (16,310 ) 2,257 ‐ 59,144 Provision for indemnities (a .2 150,820 32,691 (7,969 ) ‐ 28,238 ‐ 203,780 Others 95,113 47,329 (8,031 ) ‐ 13,198 ‐ 147,609 Total 1,040,172 293,550 (100,575 ) (70,128 ) 139,864 1,247 1,304,130 Current 22,837 45,828 Non-current 1,017,335 1,258,302 (i) For further information, see Note 28 Provisions Balance as of 12/31/2021 Additions Reversals Payments Interest Balance as of 12/31/2022 IRPJ and CSLL (a .1 552,172 7,154 (36,683 ) ‐ 36,574 559,217 Tax 84,155 35,238 (14,907 ) (38,097 ) 2,045 68,434 Civil, environmental and regulatory claims 108,761 18,326 (9,980 ) (23,700 ) 9 93,416 Labor litigation 95,460 22,663 (22,387 ) (23,142 ) 578 73,172 Provision for indemnities (a .2 ‐ 150,820 ‐ ‐ ‐ 150,820 Others 91,637 4,812 (3,850 ) - 2,514 95,113 Total 932,185 239,013 (87,807 ) (84,939 ) 41,720 1,040,172 Current 119,942 22,837 Non-current 812,243 1,017,335 Provisions Balance on 12/31/2020 Additions Reversals Payments Interest Reclassification to liabilities held for sale (i) Balance as of 12/31/2021 IRPJ and CSLL 547,862 - (6,966 ) - 11,276 - 552,172 Tax 108,568 58,839 (83,536 ) - 284 - 84,155 Civil, environmental, and regulatory claims 57,772 87,066 (9,702 ) (8,116 ) 724 (18,983 ) 108,761 Labor litigation 90,675 42,826 (4,432 ) (17,068 ) 2,620 (19,161 ) 95,460 Others 93,168 63 (1,457 ) - 704 (841 ) 91,637 Total 898,045 188,794 (106,093 ) (25,184 ) 15,608 (38,985 ) 932,185 Current 43,660 119,942 Non-current 854,385 812,243 (i) For further information see Note 29.
Balances of escrow deposits	Balances of escrow deposits are as follows: 12/31/2023 12/31/2022 Tax 856,830 790,979 Labor 37,715 42,624 Civil and others 138,172 112,780 1,032,717 946,383

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [abstract]
Schedule of balance of treasury shares	The balance of treasury shares as of December 31, 2023 is as follows (in number of shares): 12/31/2023 12/31/2022 Balance of unrestricted shares held in treasury 16,195,439 19,974,556 Balance of treasury shares granted with right of use (see note 20 9,515,384 6,184,427 Total balance of treasury shares as of December 31, 2023 25,710,823 26,158,983
Balance and changes in other reserves	Balance and changes in Accumulated other comprehensive income of the Company are as follows: Fair value of cash flow hedging instruments (i) Fair value of financial investments Actuarial gain/(loss) of post-employment benefits (ii) Non-controlling shareholders interest change (iii) Others Total Balance as at December 31, 2020 (609,277 ) 269 (53,351 ) 197,369 - (464,990 ) Changes in fair value of financial instruments 12,036 (672 ) - - - 11,364 IRPJ and CSLL on fair value (4,060 ) - - - - (4,060 ) Actuarial gains of post-employment benefits of subsidiaries - - 49,550 - - 49,550 IRPJ and CSLL on actuarial gains - - (14,002 ) - - (14,002 ) Balance as of December 31, 2021 (601,301 ) (403 ) (17,803 ) 197,369 - (422,138 ) Changes in fair value of financial instruments 910,804 403 - - 747 911,954 IRPJ and CSLL on fair value (309,503 ) - - - - (309,503 ) Actuarial gains of post-employment benefits of subsidiaries - - (610 ) - - (610 ) IRPJ and CSLL on actuarial gains - - 271 - - 271 As of December 31, 2022 - - (18,142 ) 197,369 747 179,974 Changes in fair value of financial instruments (11,375 ) - - - 284 (11,091 ) IRPJ and CSLL on fair value 3,691 - - - - 3,691 Actuarial gains of own and subsidiaries’ post-employment benefits - - (28,710 ) - - (28,710 ) IRPJ and CSLL on actuarial gains - - 10,244 - - 10,244 As of December 31, 2023 (7,684 ) - (36,608 ) 197,369 1,031 154,108
Balance and changes in cumulative translation adjustments	Balance and changes in cumulative translation adjustments of the Company are as follows: 2023 2022 2021 Initial balance - 304,645 231,596 Currency translation adjustment of foreign subsidiaries - (269,482 ) 97,113 Effect of foreign currency exchange rate variation on notes in the foreign market - 80,057 (36,461 ) IRPJ and CSLL on foreign currency exchange rate variation on notes in the foreign market - (27,219 ) 12,397 Reclassification to income due to sale of investment - (88,001 ) - Final balance - - 304,645
Summary of Balances and Changes in Consolidated Dividends Payable	Changes in dividends payable are as follows: Balance as of December 31, 2020 442,133 Provisions 478,366 Prescribed dividends (11,816 ) Payments (705,753 ) Reclassification to liabilities of subsidiaries held for sale (70 ) Balance as of December 31, 2021 202,860 Provisions 429,964 Prescribed dividends (2,948 ) Payments (581,351 ) Balance as of December 31, 2022 48,525 Provisions 688,189 Prescribed dividends (2,048 ) Payments (400,025 ) Balance as of December 31, 2023 334,641
Dividends and Allocation of Net Income	The management's proposal for the allocation of net income for 2023 Allocation of net income 12/31/2023 12/31/2022 12/31/2021 Net income for the year attributable to shareholders of Ultrapar 2,439,795 1,800,839 850,463 Legal reserve (5% of the net income) (121,990 ) (90,042 ) (42,523 ) Adjusted net income (basis for dividends) 2,317,805 1,710,797 807,940 Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 2022 2021 579,451 427,699 403,970 Total distribution 579,451 427,699 403,970 Interim dividends already distributed (R$ 0.25 per share in 2023 2021 (273,798 ) - (218,074 ) Interest on capital, net of income tax, already paid (R$ 0.35 per share in 2022 - (396,314 ) - Additional dividends to the minimum mandatory dividends 134,031 78,130 - Balance of proposed dividends payable (R$ 0.40 per share in 2023 2022 2021 439,684 109,515 185,896 Allocation of dividends Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 2022 2021 579,451 427,699 185,896 Balance of proposed dividends 134,031 78,130 185,896 Allocation of net income Legal reserve (5% of the net income) 121,990 90,042 42,523 Statutory reserve 1,604,323 1,204,968 403,970 Interim dividends 273,798 - - Interest on capital, net of income tax, already paid (R$ 0.35 per share) (*) - 396,314 - Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022 (-) interim dividends, 50% of the adjusted net income in 2021) 305,653 31,385 403,970 Additional dividends to the minimum mandatory dividends 134,031 78,130 - Total distribution of net income for the year attributable to shareholders of Ultrapar 2,439,795 1,800,839 850,463 (*) The gross amount of interest on capital was R$ 450,004

Costs and expenses by nature (T

Costs and expenses by nature (Tables)	12 Months Ended
	Dec. 31, 2023
Expenses by nature [abstract]
Expenses by nature	The Company presents its costs and expenses by function in the consolidated statement of income and presents below its expenses by nature: 2023 2022 2021 Raw materials and materials for use and consumption ( 1 (114,657,376 ) (135,651,809 ) (104,233,143 ) Personnel expenses (2,335,738 ) (1,657,783 ) (1,575,066 ) Freight and storage (1,378,054 ) (1,033,718 ) (899,188 ) Decarbonization obligation ( 2 (740,298 ) (638,542 ) (161,281 ) Services provided by third parties (662,542 ) (442,379 ) (399,904 ) Depreciation and amortization (840,377 ) (732,241 ) (653,118 ) Amortization of right-of-use assets (305,899 ) (288,419 ) (260,716 ) Advertising and marketing (235,167 ) (102,205 ) (106,352 ) Extemporaneous tax credits ( 3 19,527 34,247 213,183 Other expenses and income, net ( 4 (468,795 ) 45,604 (54,432 ) Total (121,604,719 ) (140,467,245 ) (108,130,017 ) Classified as: Cost of products and services sold (116,730,469 ) (136,276,257 ) (104,827,966 ) Selling and marketing (2,253,226 ) (2,141,985 ) (1,931,666 ) General and administrative expenses (2,018,159 ) (1,534,481 ) (1,466,551 ) Other operating income (expenses), net (602,865 ) (514,522 ) 96,166 Total (121,604,719 ) (140,467,245 ) (108,130,017 ) ( 1 Includes credits of PIS and COFINS that refers to Law 192 7 ( 2 Refers to the obligation adopted by to meet targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note 14 ( 3 Refers substantially to PIS and COFINS credits recorded in 2022 2023 ( 4 Includes gains from receipt of asset insurance claims in the amount of R$ 49,355.

Financial result, net (Tables)

Financial result, net (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Finance Income (Expense) [Abstract]
Financial result, net	2023 2022 2021 Financial income: Interest on financial investments 518,607 388,675 101,326 Interest from customers 127,562 128,052 109,999 Update of subscription warrants (see Note 19 ‐ 5,099 33,180 Selic interest on PIS/COFINS credits 132,257 35,268 201,795 Update of provisions and other income 102,458 149,595 13,854 880,884 706,689 460,154 Financial expenses: Interest on loans (1,482,183 ) (1,465,259 ) (716,969 ) Interest on leases payable (143,005 ) (128,069 ) (110,878 ) Update of subscription warrants (see Note 19 (45,084 ) ‐ - Bank charges, financial transactions tax, and other taxes (156,481 ) (119,828 ) (70,801 ) Exchange variations, net of gain (loss) on hedging instruments 38,161 (458,032 ) (239,106 ) Update of provisions, net, and other expenses (91,422 ) (4,709 ) (85,132 ) (1,880,014 ) (2,175,897 ) (1,222,886 ) Total (999,130 ) (1,469,208 ) (762,732 )

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Basic and diluted earnings per share	The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a stock plan and subscription warrants, as mentioned in Notes 8 19 2023 2022 2021 Total Continuing operations Discontinued operations Total Continuing operations Discontinued operations (i) Total Basic earnings per share Net income for the year of the Company 2,439,795 1,498,981 301,858 1,800,839 785,199 65,264 850,463 Weighted average number of shares outstanding (in thousands) 1,095,469 1,091,990 1,091,990 1,091,990 1,090,500 1,090,500 1,090,500 Basic earnings per share - R$ 2.2272 1.3727 0.2764 1.6491 0.7200 0.0598 0.7799 Diluted earnings per share Net income for the year of the Company 2,439,795 1,498,981 301,858 1,800,839 785,199 65,264 850,463 Weighted average number of outstanding shares (in thousands), including dilution effects 1,104,942 1,098,692 1,098,692 1,098,692 1,096,962 1,096,962 1,096,962 Diluted earnings per share - R$ 2.2081 1.3643 0.2747 1.6391 0.7158 0.0595 0.7753 Weighted average number of shares (in thousands) Weighted average number of shares for basic earnings per share 1,095,469 1,091,990 1,090,500 Dilution effect Subscription warrants 3,334 3,445 3,548 Stock plan 6,139 3,257 2,914 Weighted average number of shares for diluted earnings per share 1,104,942 1,098,692 1,096,962 (i) For further details, see Note 29.

Segment information (Tables)

Segment information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment information
Schedule of Financial information of segments, Results	The main financial information of each of the continuing operations of the Company’s segments is as follows. 2023 Statement of income Ipiranga Ultragaz Ultracargo Others ( 1 2 Subtotal Segments Eliminations Total Net revenue from sales and services 114,374,621 10,670,793 1,015,564 478,994 126,539,972 (491,271 ) 126,048,701 Transactions with third parties 114,087,604 10,669,365 815,249 476,483 126,048,701 - 126,048,701 Intersegment transactions 287,017 1,428 200,315 2,511 491,271 (491,271 ) - Cost of products and services sold (107,929,732 ) (8,485,215 ) (355,798 ) (426,256 ) (117,197,001 ) 466,532 (116,730,469 ) Gross profit 6,444,889 2,185,578 659,766 52,738 9,342,971 (24,739 ) 9,318,232 Operating income (expenses) Selling and marketing (1,606,134 ) (626,554 ) (11,395 ) (9,143 ) (2,253,226 ) ‐ (2,253,226 ) General and administrative (1,208,306 ) (298,171 ) (167,344 ) (369,077 ) (2,042,898 ) 24,739 (2,018,159 ) Gain (loss) on disposal of property, plant and equipment and intangible assets 169,276 13,199 103 (1,587 ) 180,991 (59,056 ) 121,935 Other operating income (expenses), net (658,614 ) 20,191 2,335 33,223 (602,865 ) ‐ (602,865 ) Operating income (loss) 3,141,111 1,294,243 483,465 (293,846 ) 4,624,973 (59,056 ) 4,565,917 Share of profit (loss) of subsidiaries, joint ventures and associates (7,508 ) 26 11,764 7,626 11,908 ‐ 11,908 Income (loss) before financial result and income and social contribution taxes 3,133,603 1,294,269 495,229 (286,220 ) 4,636,881 (59,056 ) 4,577,825 Depreciation of PP&E and amortization of intangible assets 404,831 291,462 105,274 39,302 840,869 (492 ) 840,377 Amortization of contractual assets with customers - exclusivity rights 606,036 1,410 ‐ ‐ 607,446 ‐ 607,446 Amortization of right-of-use assets 209,994 61,124 30,454 4,327 305,899 ‐ 305,899 Total depreciation and amortization 1,220,861 353,996 135,728 43,629 1,754,214 (492 ) 1,753,722 2022 Statement of income Ipiranga Ultragaz Ultracargo Others ( 1 2 Subtotal Segments Eliminations Total Net revenue from sales and services 131,337,966 11,483,398 867,148 218,770 143,907,282 (272,574 ) 143,634,708 Transactions with third parties 131,253,637 11,480,697 684,350 216,024 143,634,708 - 143,634,708 Intersegment transactions 84,329 2,701 182,798 2,746 272,574 (272,574 ) - Cost of products and services sold (126,569,490 ) (9,446,354 ) (340,621 ) (185,914 ) (136,542,379 ) 266,122 (136,276,257 ) Gross profit 4,768,476 2,037,044 526,527 32,856 7,364,903 (6,452 ) 7,358,451 Operating income (expenses) Selling and marketing (1,552,636 ) (576,087 ) (12,701 ) (561 ) (2,141,985 ) ‐ (2,141,985 ) General and administrative (828,753 ) (257,315 ) (134,208 ) (320,657 ) (1,540,933 ) 6,452 (1,534,481 ) Gain (loss) on disposal of property, plant and equipment and intangible assets 168,709 (1,381 ) (887 ) 2,848 169,289 ‐ 169,289 Other operating income (expenses), net (525,966 ) 6,235 3,330 1,879 (514,522 ) ‐ (514,522 ) Operating income 2,029,830 1,208,496 382,061 (283,635 ) 3,336,752 ‐ 3,336,752 Share of profit (loss) of subsidiaries, joint ventures and associates (10,052 ) 13 (3,880 ) 26,100 12,181 ‐ 12,181 Income (loss) before financial result and income and social contribution taxes 2,019,778 1,208,509 378,181 (257,535 ) 3,348,933 ‐ 3,348,933 Depreciation of PP&E and amortization of intangible assets 353,962 239,204 94,337 44,738 732,241 ‐ 732,241 Amortization of contractual assets with customers - exclusivity rights 503,751 1,502 - ‐ 505,253 (346 ) 504,907 Amortization of right-of-use assets 191,178 56,177 37,124 3,940 288,419 ‐ 288,419 Total depreciation and amortization 1,048,891 296,883 131,461 48,678 1,525,913 (346 ) 1,525,567 2021 Income Ipiranga Ultragaz Ultracargo Abastece aí Subtotal Others ( 1 2 Elimination Total Net revenue from sales and services 99,382,617 9,744,659 713,096 84,733 109,925,105 22,452 (214,715 ) 109,732,842 Transactions with third parties 99,382,547 9,740,657 518,762 84,733 109,726,699 6,143 - 109,732,842 Intersegment transactions 70 4,002 194,334 - 198,406 16,309 (214,715) - Cost of products and services sold (96,110,408 ) (8,626,340 ) (285,406 ) - (105,022,154 ) 70 194,118 (104,827,966 ) Gross profit 3,272,209 1,118,319 427,690 84,733 4,902,951 22,522 (20,597 ) 4,904,876 Operating income (expenses) Selling and marketing (1,409,350 ) (438,697 ) (9,213 ) (71,345 ) (1,928,605 ) (6,184 ) - (1,934,789 ) Loss allowance (reversion) for expected credit losses 23,536 (20,482 ) 69 - 3,123 - - 3,123 General and administrative (846,441) (202,002 ) (127,117 ) (113,544 ) (1,289,104 ) (198,044 ) 20,597 (1,466,551 ) Gain (loss) on disposal of property, plant and equipment and intangibles 183,862 2,138 (1,754 ) (9 ) 184,237 (48 ) - 184,189 Other operating income, net 74,574 10,976 3,876 5,159 94,585 1,581 - 96,166 Operating income (loss) 1,298,390 470,252 293,551 (95,006 ) 1,967,187 (180,173 ) - 1,787,014 Share of profit (loss) of subsidiaries, joint ventures and associates (859 ) (104 ) 602 - (361 ) (17,273 ) - (17,634 ) Operating income before finance income (expenses) and income and social contribution taxes 1,297,531 470,148 294,153 (95,006 ) 1,966,826 (197,446 ) - 1,769,380 Depreciation of PP&E and amortization of intangible assets charges 325,942 211,014 76,421 14,365 627,742 25,376 - 653,118 Amortization of contractual assets with customers – exclusive rights 280,975 1,546 - - 282,521 - - 282,521 Amortization of right-of-use assets 182,245 46,579 25,440 267 254,531 6,185 - 260,716 Total of depreciation and amortization 789,162 259,139 101,861 14,632 1,164,794 31,561 - 1,196,355 ( 1 ) Includes in the line “General and administrative and Revenue from sale of goods” the amount of R$ in 2023 (R$ in 2022 and R$ in 2021 ) of expenses related to holding structure . (2) The “Others” column refers to the parent Ultrapar and the subsidiaries Abastece Aí, Millenium, Serma, Imaven Imóveis Ltda. (“Imaven”), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR. In 2022 the Company ceased to present Abastece Aí as a separate segment, including its balance in the “Others” column.
Schedule of Financial information of segments, Main indicators - Cash flows	12/31/2023 Item Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Eliminations Total Acquisition of property, plant and equipment 459,558 376,312 292,653 15,134 1,143,657 (131,018 ) 1,012,639 Capitalized interest and other items included in property, plant and equipment and provision for ARO 35,412 ‐ ‐ ‐ 35,412 ‐ 35,412 Acquisition of intangible assets 168,547 56,540 1,060 56,041 282,188 (7,497 ) 274,691 Payments of contractual assets with customers - exclusivity rights 597,798 ‐ ‐ ‐ 597,798 ‐ 597,798 Decarbonization credits (note 14 778,496 ‐ ‐ 389 778,885 ‐ 778,885 12/31/2022 Item Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Eliminations Total Acquisition of property, plant and equipment 427,861 318,750 175,984 6,641 929,236 ‐ 929,236 Capitalized interest and other items included in property, plant and equipment and provision for ARO 32,628 ‐ ‐ ‐ 32,628 ‐ 32,628 Acquisition of intangible assets 194,385 38,876 9,125 35,214 277,600 ‐ 277,600 Payments of contractual assets with customers - exclusivity rights 769,119 ‐ ‐ ‐ 769,119 ‐ 769,119 Decarbonization credits (note 14 635,130 ‐ ‐ ‐ 635,130 ‐ 635,130 12/31/2021 Item - Cash flows Ipiranga Ultragaz Ultracargo Abastece aí Others (3) Subtotal Segments Eliminations Total Acquisition of property, plant and equipment 386,693 336,871 298,272 636 5,947 1,028,419 ‐ 1,028,419 Capitalized interest and other items included in property, plant and equipment and provision for ARO 7,683 ‐ 2,782 ‐ 10,465 ‐ 10,465 Acquisition of intangible assets 156,498 30,150 15,819 34,824 197 237,488 ‐ 237,488 Payments of contractual assets with customers - exclusivity rights 420,261 ‐ ‐ ‐ 420,261 ‐ 420,261 Decarbonization credits (note 16 176,837 ‐ ‐ ‐ 176,837 ‐ 176,837
Schedule of Financial information of segments, Asset reclassification	12/31/2023 Assets Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Total Total assets (excluding intersegment transactions) 25,042,098 4,144,983 3,233,270 5,831,623 38,251,974 38,251,974 12/31/2022 Assets Ipiranga Ultragaz Ultracargo Others (3) Subtotal Segments Total Total assets (excluding intersegment transactions) 23,342,826 4,281,857 3,045,407 5,770,913 36,441,003 36,441,003 (3) The “Others” column comprises the parent (including goodwill from certain acquisitions) and the subsidiaries Aí, , , , International, UVC and UVC - de .
Schedule of Revenue from operations abroad	The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below: 2023 2022 2021 Net revenue from sales and services: Brazil 124,400,378 140,801,146 109,598,146 United States of America and Canada 1,084,594 1,785,413 35,279 Other Latin American countries 204,306 73,351 69,523 Europe 202,665 607,416 18,876 Asia and Others 156,758 367,382 11,018 Total 126,048,701 143,634,708 109,732,842

Risks and Financial Instrumen_2

Risks and Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Assets and liabilities in foreign currencies	12/31/2023 12/31/2022 Assets in foreign currency Cash, cash equivalents and financial investments in foreign currency (except hedging instruments) 371,474 311,017 Foreign trade receivables, net of allowance for expected credit losses 84,855 6,131 Other receivables 715,877 727,057 Other assets of foreign subsidiaries 152,393 280,738 1,324,599 1,324,943 Liabilities in foreign currency Financing in foreign currency, gross of transaction costs and negative goodwill of notes in the foreign market ( 1 (5,297,013 ) (5,213,100 ) Payables arising from imports (1,730,426 ) (1,939,984 ) (7,027,439 ) (7,153,084 ) Balance (gross) of foreign currency hedging instruments 5,309,125 5,274,302 Net liability position - total (393,715 ) (553,839 ) Net liability position - effect on statement of income (382,858 ) (553,839 ) Net liability position - effect on equity (10,857 ) - (1) As of December 31, 2023, the amount of negative goodwill of notes in the foreign market was R$ (R$ as of December 31, 2022).
Sensitivity analysis of assets and liabilities in foreign currency	The table below shows the effects of the exchange rate changes on the net liability position of R$ 393,715 in foreign currency as of December 31, 2023: Risk Probable Scenario Effect on statement of income Real devaluation (7,935 ) Effect on equity Real devaluation (225 ) Net effect (8,160 ) Effect on statement of income Real appreciation 7,935 Effect on equity Real appreciation 225 Net effect 8,160 (*) Average US dollar on December 31, 2023, according to benchmark rates as published by B 3
Financial assets and liabilities exposed to floating interest rates	The financial assets and liabilities exposed to floating interest rates are demonstrated below: Note 12/31/2023 12/31/2022 DI Cash equivalents 4 5,476,726 5,204,766 Financial investments 4 82,592 406,683 Trade receivables - sale of subsidiaries 5 208,487 369,508 Loans and debentures 15 (1,242,524 ) (2,460,698 ) Liability position of foreign exchange hedging instruments - DI 26 (4,629,475 ) (2,651,609 ) Liability position of fixed interest instruments + IPCA - DI 26 (3,938,201 ) (3,416,868 ) Net liability position in DI (4,042,395 ) (2,548,218 ) TJLP Loans – TJLP 15 (1,264 ) - Net liability position in TJLP (1,264 ) - Total net liability position exposed to floating interest (4,043,659 ) (2,548,218 )
Sensitivity analysis of floating interest rate risk	The tables below show the incremental expenses and income that would be recognized in finance income, if the market curves of floating interest at the base date were applied to the average balances of the current year, due to the effect of floating interest rate. 12/31/2023 Exposure to floating interest Risk Probable Scenario Effect on interest of cash equivalents and financial investments Decrease in DI (i) (774 ) Effect on interest of debt in DI Decrease in DI (i) 17,516 Effect on income of short positions in DI of debt hedging instruments Decrease in DI (i) 123,687 Incremental revenues/(expenses) 140,429 Effect on interest of debt in TJLP TJLP decrease 7 Incremental expenses 7 (i) The annual base rate used was % and the sensitivity rate was % according to reference rates made available by B 3 , proportional to the 12 months period to sensitivity analysis.
Summary of credit risk of financial institution and government of cash, cash equivalents and financial investments	The credit risk of financial institutions and governments related to cash and cash equivalents, financial investments and derivative financial instruments, by counterparty rating, is summarized below: Fair value Counterparty credit rating 12/31/2023 12/31/2022 AAA 6,714,493 5,720,996 AA 408,375 809,583 A 464 3,457 Others (*) 47,231 50,926 Total 7,170,563 6,584,962 (*) Refers substantially to investments as minority interest, which are classified as long term investments.
Loss allowance for expected credit losses balances on trade receivables	The Company’s subsidiaries request guarantees related to trade receivables and other receivables in specific situations to customers. The Company’s subsidiaries maintained the following allowance for expected credit losses from its trade receivables and reseller financing: 12/31/2023 12/31/2022 Ipiranga 350,375 373,514 Ultragaz 116,583 120,076 Ultracargo 1,301 2,450 Others 591 ‐ Total 468,850 496,040
Credit risk exposure	The table below presents information on credit risk exposure, resulting from balances of trade receivables and reseller financing: 12/31/2023 12/31/2022 Weighted average rate of losses Accounting balance Allowance for expected credit losses Weighted average rate of losses Accounting balance Allowance for expected credit losses Current 0.5% 4,412,278 24,131 0.5% 4,756,388 22,752 Less than 30 17.6% 61,451 4,683 7.5% 29,817 2,230 31 60 4.9% 57,753 2,841 11.1% 22,633 2,516 61 90 15.3% 23,845 3,646 26.5% 32,522 8,617 91 180 32.9% 47,430 15,609 34.4% 58,529 20,159 More than 180 48.8% 856,602 417,940 50.7% 868,072 439,766 5,459,359 468,850 5,767,961 496,040
Summary of loss allowance for expected credit losses balances by geographic area	The information on allowance for expected credit losses balances by geographic area is as follows: 12/31/2023 12/31/2022 Brazil 467,545 495,929 United States of America and Canada 9 61 Other Latin American countries 40 31 Europe 425 5 Others 831 14 468,850 496,040
Positions of derivative financial instruments to hedge commodity price risk	The table below shows the sensitivity analysis and positions of derivative financial instruments to hedge commodity price risk as of December 31, 2023 and December 31, 2022: Derivative Contract Notional amount (m 3 Notional amount (USD thousand) Fair value (R$ thousand) Possible scenario (∆ of 10 Position Product Maturity 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Commodity Forward Sold Heating Oil Feb-24 189,113 158,828 131,473 150,498 21,918 (52,214 ) (2,308 ) (124,293 ) Commodity Forward Sold RBOB Feb-24 6,677 52,466 3,807 31,382 440 (15,481 ) (11 ) (33,404 ) Commodity Forward Sold Soybean Oil Mar-24 1,951 - 2,977 - (52 ) - 22 - Commodity Forward Sold Sea Freight Jan-24 40,000 - 1,533 - (1,505 ) - 3,428 - Commodity Forward Sold Marine Fuel Mar-24 1,727 - 8,231 - (99 ) - 1,532 - 20,702 (67,695 ) 2,663 (157,697 )
Contractual undiscounted cash outflows	The table below presents a summary of financial liabilities and leases payable as of December 31, 2023 by the Company and its subsidiaries, listed by maturity. The amounts disclosed in this table are the contractual undiscounted cash flows, and, therefore, these amounts may be different from the amounts disclosed in the statement of financial position. Total Less than 1 Between 1 3 Between 3 5 More than 5 Loans, including future contractual interest ( 1 2 13,410,042 2,363,334 4,870,579 3,257,994 2,918,135 Derivative financial instruments ( 3 1,874,134 673,031 752,126 387,637 61,340 Trade payables 4,682,671 4,682,671 ‐ ‐ ‐ Trade payables - reverse factoring 1,039,366 1,039,366 - - - Leases payable 2,309,776 418,450 549,950 337,721 1,003,655 Financial liabilities of customers 362,581 18,670 343,911 - ‐ Contingent consideration 112,196 ‐ ‐ 112,196 ‐ Other payables 190,090 176,813 11,409 1,868 - ( 1 ) The interest on loans was estimated based on the US dollar futures contracts, Yen futures contracts, Euro futures contracts and on the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B 3 as of December 31, 2023. ( 2 ) Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date. ( 3 ) The derivative financial instruments were estimated based on the US dollar futures contracts and the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B 3
Schedule of leverage ratio at the end of the year	The leverage ratio at the end of the year is as follows: 12/31/2023 12/31/2022 Gross debt (a) 13,291,951 13,274,130 Cash, cash equivalents, and short-term investments (b) 7,170,563 6,584,962 Net debt = (a) - (b) 6,121,388 6,689,168 Equity 14,029,826 12,174,968 Net debt-to-equity ratio 43.63% 54.94%
Position of hedging instruments	The table below summarizes the gross balance of the position of hedging instruments contracted as well as of the gains (losses) that affect the equity and the statement of income of the Company and its subsidiaries: Derivatives designated as hedge accounting Product Hedged object Contracted rates Maturity Note Notional amount 1 Fair value as of 12/31/2023 Gains (losses) as of 12/31/2023 Assets Liabilities 12/31/2023 Assets Liabilities Income Statement Equity Foreign exchange swap Financing USD + 0.00% 53.60% of DI Oct-26 26 .2 USD 234,000 - (106,657 ) (145,949 ) (10,857 ) Foreign exchange swap Financing USD + 5.47% 110.02% of DI Sept-25 26 .1 USD 206,067 - (119,094 ) (223,555 ) - Foreign exchange swap Financing EUR + 5.12% 111.93% of DI Jan-24 26 .1 EUR 22,480 - (22,529 ) (23,304 ) - Foreign exchange swap Financing JPY + 1.50% 109.40% of DI Mar-25 26 .1 JPY12,564,393 - (120,746 ) (130,726 ) - Interest rate swap Financing IPCA + 5.03% 102.87% of DI Jun-32 26 .1 BRL 3,226,054 598,311 - 260,301 - Interest rate swap Financing 10.48% 103.64% of DI Jun-27 26 .1 BRL 615,791 12,515 (3,182 ) 10,694 - Commodity Forward Firm commitments BRL Heating Oil/ RBOB Jan-24 26 .1 USD 129,894 22,343 (854 ) (50,977 ) - NDF Firm commitments BRL USD Feb-24 26 .1 USD 211,179 3,959 (833 ) 19,012 - 637,128 (373,895 ) (284,504 ) (10,857 ) Product Hedged object Contracted rates Maturity Note Notional amount 1 Fair value as of 12/31/2022 Gains (losses) as of 12/31/2022 Assets Liabilities 12/31/2022 Assets Liabilities Income Statement Equity Foreign exchange swap Financing USD + 4.95% 106.67% of DI Sept-25 26 .1 USD 221,339 106,550 (9,243 ) (121,296 ) - Foreign exchange swap Financing EUR + 3.42% 111.60% of DI Mar-23 26 .1 EUR 9,709 1,954 - 2,573 - Foreign exchange swap Financing USD + LIBOR-3M + 1.14% 105.00% of DI - 26 .1 - - - (21,566 ) - Interest rate swap Financing IPCA + 5.03% 102.87% of DI Jun-32 26 .1 BRL 3,226,054 173,741 (59,789 ) (143,762 ) - Interest rate swap Financing 6.47% 99.94% of DI Nov-24 26 .1 BRL 90,000 - (9,513 ) (5,069 ) - Commodity Forward Firm commitments BRL Heating Oil/ RBOB Jul-23 26 .1 USD 181,880 2,936 (70,630 ) (944,896 ) - NDF Firm commitments BRL USD Jan-23 26 .1 USD 127,233 4,712 (3,074 ) 53,672 - 289,893 (152,249 ) (1,180,344 ) - Product Hedged object Contracted rates Maturity Note Notional amount 1 Gains (losses) as of 12/31/2021 Assets Liabilities 12/31/2021 Income Statement Equity Foreign exchange swap Financing USD + 4.65 104.87% DI Sept-23 26 .1 125,000 11,712 - Foreign exchange swap Financing USD + LIBOR-3M 105.00% DI Jun-22 26 .1 50,000 10,779 - Interest rate swap Financing 4.59% + IPCA 102.00% DI Sept-28 26 .1 2,226,054 (17,922 ) - Interest rate swap Financing 6.47% 99.94% DI Nov-24 26 .1 90,000 (10,088 ) - Term Firm commitments BRL Heating Oil/ RBOB Jan-22 26 .1 120,260 (130,773 ) - NDF Firm commitments BRL USD Jan-22 26 .1 68,361 813 - (135,479 ) - Derivatives not designated as hedge accounting Product Hedged object Contracted rates Maturity Notional amount 1 Fair value as of 12/31/2023 Gains (losses) as of 12/31/2023 Assets Liabilities 12/31/2023 Assets Liabilities Income Statement Equity Foreign exchange swap Financing USD + 0.00% 52.99% of CDI Jun-29 USD 375,000 186,925 (45,877 ) (188,395 ) - NDF Firm commitments USD BRL Mar-24 USD 457,099 1,468 (8,409 ) (105,597 ) - Commodity forward Firm commitments BRL Heating Oil/ Marine Fuel/Others Mar-24 USD 18,127 1,524 (2,310 ) 5,489 - Interest rate swap Financing USD + 5.25% 1.36% of CDI Jun-29 USD 300,000 - (196,243 ) 9,257 - 189,917 (252,839 ) (279,246 ) - Product Hedged object Contracted rates Maturity Notional amount 1 Fair value as of 12/31/2022 Gains (losses) as of 12/31/2022 Assets Liabilities 12/31/2022 Assets Liabilities Income Statement Equity Foreign exchange swap Financing 0.00% 53.0% of CDI Jun-29 USD 375,000 230,145 (9,174 ) (85,474 ) - NDF Financing USD BRL Jul-23 USD1,116,702 36,472 (54,067 ) (440,359 ) - Interest rate swap Financing USD + 5.25% CDI - 1.36% Jun-29 USD 300,000 - (308,821 ) (266,445 ) - 266,617 (372,062 ) (792,278 ) - Product Hedged object Contracted rates Maturity Notional amount 1 Gains (losses) as of 12/31/2021 Assets Liabilities 12/31/2021 Income Statement Equity NDF Firm commitments USD BRL Jun-22 625,762 54,743 - Interest rate swap Financing 5.25% DI - 1.36% Jun-29 300,000 (109,081 ) - Foreign exchange swap Financing 2.67% 100.00% May-21 - 17 - (54,321 ) - 1 Currency as indicated. 2 Amounts, net of income tax.
Summary of foreign exchange hedging instruments designated as fair value hedge	The foreign exchange hedging instruments designated as fair value hedge are: In thousands, except the DI % 12/31/2023 12/31/2022 12/31/2021 Notional amount – US$ 206,067 221,339 175,000 Result of hedging instruments - gain/(loss) - R$ (223,555 ) (142,863 ) 21,812 Fair value adjustment of debt - R$ (3,768 ) 28,000 47,064 Financial result of the debt - R$ 117,983 28,291 (105,059 ) Average effective cost - DI % 110 107 105 Notional amount – EUR 22,480 9,709 - Result of hedging instruments - gain/(loss) - R$ (23,304 ) 2,573 - Fair value adjustment of debt - R$ 230 (8 ) - Financial result of the debt - R$ 2,756 ‐ - Average effective cost - DI % 112 112 - Notional amount – JPY 12,564,393 - - Result of hedging instruments - gain/(loss) - R$ (130,726 ) - - Fair value adjustment of debt - R$ (4,775 ) - - Financial result of the debt - R$ 63,670 - - Average effective cost - DI % 109 - - The interest rate hedging instruments designated as fair value hedge are: In thousands, except the DI % 12/31/2023 12/31/2022 12/31/2021 Notional amount – R$ 3,226,054 3,226,054 2,226,054 Result of hedging instruments - gain/(loss) - R$ 262,920 (143,762 ) (17,922 ) Fair value adjustment of debt - R$ (313,641 ) (44,312 ) 166,374 Financial result of the debt - R$ (353,080 ) (293,955 ) (245,710 ) Average effective cost - DI % 102.9 102.9 102.0 In thousands, except the DI % 12/31/2023 12/31/2022 12/31/2021 Notional amount – R$ 615,791 90,000 90,000 Result of hedging instruments - gain/(loss) - R$ 8,074 (5,069 ) (10,088 ) Fair value adjustment of debt - R$ (10,163 ) (486 ) 11,756 Financial result of the debt - R$ (16,637 ) (6,330 ) (5,914 ) Average effective cost - DI % 103.6 99.9 99.9 The foreign exchange hedging instruments and commodities designated as fair value hedge are as described below and are concentrated in subsidiary IPP. The objective of this relationship is to transform the cost of the imported product from fixed to variable until fuel blending, as occurs with the price adopted in its sales. IPP carries out these operations with over-the-counter derivatives that are designated in a hedge accounting relationship, as a fair value hedge in an amount equivalent to the inventories of imported product. In thousands 12/31/2023 12/31/2022 12/31/2021 Notional amount – US$ 341,074 309,113 188,621 Result of hedging instruments - gain/(loss) - R$ (62,064 ) (891,223 ) (129,670 ) Notional amount – US$ 61,625 34,126 (4,352 )
Fair values and the carrying values of the financial instruments	The fair values and the carrying amounts of the financial instruments, including derivative instruments and the hierarchy of fair value for each class of financial instruments, are stated below: Carrying value Fair value 12/31/2023 Note Measured at fair value through profit or loss Measured at fair value through other comprehensive income Measured at amortized cost Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents Cash and banks 4 - - 125,152 - - - Securities and funds in local currency 4 - - 5,476,726 - - - Securities and funds in foreign currency 4 - - 323,810 - - - Financial investments Securities and funds in local currency 4 82,592 - - - 82,592 - Derivative financial instruments and other financial assets 4 1,162,283 - - - 1,162,283 - Trade receivables 5 - - 4,269,473 - - - Reseller financing 5 - - 1,189,886 - - - Trade receivables - sale of subsidiaries 5 - - 924,364 - - - Other receivables - - 393,036 - - - Total 1,244,875 - 12,702,447 - 1,244,875 - Financial liabilities: Financing 15 1,584,452 - 4,449,857 - 1,584,452 - Debentures 15 4,618,704 - 488,269 - 4,618,704 - Foreign exchange, interest rate and commodity hedging instruments 15 626,735 - - - 626,735 - Trade payables 16 - - 4,682,671 - - - Trade payables - reverse factoring 16 - - 1,039,366 - - - Subscription warrants – indemnification 19 87,299 - - - 87,299 - Financial liabilities of customers - - 308,934 - - - Contingent consideration 28 112,196 - - - - 112,196 Other payables - - 190,090 - - - Total 7,029,386 - 11,159,187 - 6,917,190 112,196 Carrying value Fair value 12/31/2022 Note Measured at fair value through profit or loss Measured at fair value through other comprehensive income Measured at amortized cost Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents Cash and banks 4 - - 111,797 - - - Securities and funds in local currency 4 - - 5,204,766 - - - Securities and funds in foreign currency 4 - - 305,206 - - - Financial investments - - - - - - Securities and funds in local currency 4 406,683 - - - 406,683 - Derivative financial instruments and other financial assets 4 556,510 - - - 556,510 - Trade receivables 5 - - 4,533,327 - - - Reseller financing 5 - - 1,234,634 - - - Trade receivables - sale of subsidiaries 5 - - 1,096,565 - - - Other receivables - - 235,586 - - - Total 963,193 - 12,721,881 - 963,193 - Financial liabilities: Financing 15 1,216,341 - 3,973,816 - 1,216,341 - Debentures 15 3,575,195 - 2,460,698 - 5,949,028 - Foreign exchange, interest rate and commodity hedging instruments 15 524,311 - - - 524,312 - Trade payables 16 - - 4,710,952 - - - Trade payables - reverse factoring 16 - - 2,666,894 - - - Subscription warrants – indemnification 19 42,776 - - - 42,776 - Financial liabilities of customers 450,586 - - 450,586 - - Contingent consideration 28 89,640 - - - - 89,640 Total 5,898,849 - 13,812,360 450,586 7,732,457 89,640

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments
Contracts	Port Minimum movement per year Maturity Aratu (*) 900,000 ton. 2022 Suape 250,000 ton. 2027 Suape 400,000 ton. 2029 Aratu 465,403 ton. 2031 Itaqui 1,468,105 m 3 2049 (*) Contract in the process of being renewed with the appropriate body, being by favorable decision, until the public entity completes the analysis so that the new amendment is signed. In a decision by the Ministry of Infrastructure, the investment plans presented by were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project.

Acquisition of Interest and C_2

Acquisition of Interest and Control (Tables)	12 Months Ended
	Dec. 31, 2023
Stella GD Intermediação de Geração Distribuída de Energia Ltda [member]
Acquisition of Interest and Control
Schedule of the provisional balances of assets acquired and liabilities assumed on the acquisition date	The table below summarizes the balances of assets acquired and liabilities assumed on the acquisition date, including goodwill determination: Assets Cash and cash equivalents 1,586 Receivables 17 Other receivables 119 Property, plant and equipment 515 Intangible assets 1,024 Liabilities Trade payables 14 Salaries and related charges 217 Taxes payable 9 Other payables 5,378 Goodwill based on expected future profitability 103,051 Acquisition value 100,694 Comprised by Cash 7,560 Contingent consideration to be settled in cash 93,134 Total consideration 100,694 Net cash outflow resulting from acquisition Consideration in cash 7,560 Cash and cash equivalents acquired (1,586 ) Net cash consumed on investments acquisition 5,974
Schedule of earnout sensitivity analysis	The following table shows information on how the fair value of the contingent consideration was determined considering the basic assumptions used to define earnout. The sensitivity analyses as of December 31, 2023, as shown below, were determined based on possible changes of assumptions, keeping all other assumptions constant. Goals Changes in goals Increase in liabilities in R$ Changes in goals Decrease in liabilities in R$ Accounting net cash flow and net revenue increase by 25.0 p.p. 29,545 decrease by 25.0 p.p 27,353
NEOgás do Brasil Gás Natural Comprimido S.A. ("NEOgás") [member]
Acquisition of Interest and Control
Schedule of the provisional balances of assets acquired and liabilities assumed on the acquisition date	The following table summarizes the balances of assets acquired and liabilities assumed on the acquisition date, including goodwill determination: Assets Cash and cash equivalents 16,807 Receivables 14,999 Inventories 6,626 Recoverable taxes 5,384 Judicial deposits 131 Other receivables 707 Right-of-use assets, net 5,117 Property, plant and equipment, net 104,700 Intangible assets, net 52,604 Liabilities Loans and financing 93,991 Trade payables 17,600 Salaries and related charges 2,341 Taxes payable 860 Provisions for tax, civil and labor risks 1,247 Leases payable 5,191 Other payables 3,884 Goodwill based on expected future profitability 7,761 Acquisition value 89,722 Comprised by Cash 68,935 Contingent consideration to be settled 20,787 Total consideration 89,722 Net cash outflow resulting from acquisition Initial consideration in cash 64,263 Subsequent consideration in cash 4,672 Cash and cash equivalents acquired (16,807 ) Total 52,128
Schedule of breakdown of the acquisition value, considering the working capital and net debt adjustments and primary contribution	The breakdown of the acquisition value, considering the working capital and net debt adjustments and primary contribution is shown below: Amount of NEOgás’ purchase and sale agreement 165,000 Working capital and net debt estimated adjustments 10,012 Primary contribution (85,290 ) Net cash consumed on investments acquisition 89,722
Schedule of acquired intangible assets that were not recognized in the books of the acquired entity	In the process of identifying assets and liabilities, intangible assets that were not recognized in the books of the acquired entity were also considered, as shown below: R$ Useful life Amortization method Trademark rights 5,069 5 years Straight line Licenses 14,952 3 years Straight line Software 2,418 5 years Straight line Customer list and relationship 26,453 16 years Straight line Total 48,892
Terminal de Combustíveis Paulínia S.A. (“Opla”) [member]
Acquisition of Interest and Control
Schedule of breakdown of the acquisition value, considering the working capital and net debt adjustments and primary contribution	The breakdown of the acquisition value, considering the working capital and net debt adjustments and the goodwill on the transaction is shown below: Equity of the acquired investee 51,462 Goodwill on the transaction 158,634 Acquisition value 210,096
Serra Diesel Transportador Revendedor Retalhista Ltda. [member]
Acquisition of Interest and Control
Schedule of the provisional balances of assets acquired and liabilities assumed on the acquisition date	The table below summarizes the provisional balances of assets acquired and liabilities assumed on the acquisition date recognized at fair value, subject to adjustment for purchase price allocation and goodwill determination: Assets Cash and cash equivalents 1,719 Receivables 28,475 Inventories 9,128 Recoverable taxes 2,551 Other receivables 55 Other investments 298 Right-of-use assets, net 25,500 Property, plant and equipment, net 21,235 Intangible assets, net 11,619 Liabilities Loans and financing 17,337 Trade payables 26,965 Salaries and related charges 1,933 Taxes payable, income and social contribution taxes payable 376 Leases payable 25,500 Other payables 8,194 Goodwill based on expected future profitability 14,217 Non-controlling interests 8,110 Assets and liabilities consolidated in the opening balance 26,382 Assets acquired 60,348 Liabilities assumed (48,183 ) Goodwill based on expected future profitability 14,217 Acquisition value 26,382 Comprised by Cash 5,000 Acquisition of ownership interest via capital contribution (as non-controlling interests) 16,193 Contingent consideration to be settled 5,189 Total consideration 26,382 Net cash outflow resulting from acquisition Initial consideration in cash 5,000 Cash and cash equivalents acquired (1,719 ) Net cash consumed on investments acquisition 3,281

Discontinued operations (Tables

Discontinued operations (Tables)	12 Months Ended
	Dec. 31, 2023
Discontinued operations
Schedule of profit (loss) for the year and cash flows from discontinued operations	a. The results and cash flows from discontinued operations for the year ended December 31, 2022, are shown below: Oxiteno Extrafarma Eliminations (*) Ultrapar 12/31/2022 Net revenue from sales and services 2,039,287 1,235,487 (7,241 ) - 3,267,533 Cost of products and services sold (1,580,000 ) (912,310 ) 7,241 - (2,485,069 ) Gross profit 459,287 323,177 - - 782,464 Selling, marketing and administrative (201,365 ) (438,601 ) - - (639,966 ) Other operating income (expenses), net 10,736 (5,951 ) - 241,325 246,110 Operating income (loss) 268,658 (121,375 ) - 241,325 388,608 Share of profit (loss) of subsidiaries, joint ventures and associates (231 ) - - - (231 ) Income (loss) before financial result and income and social contribution taxes 268,427 (121,375 ) - 241,325 388,377 Financial result, net 23,153 (25,059 ) 54,431 - 52,525 Income (loss) before income and social contribution taxes 291,580 (146,434 ) 54,431 241,325 440,902 Income and social contribution taxes (16,924 ) 20,826 (18,507 ) (202,895 ) (217,500 ) Net effect of cessation of depreciation (i) 51,372 27,084 - - 78,456 Net income (loss) for the year 326,028 (98,524 ) 35,924 38,430 301,858 (*) Elimination between continuing and discontinued operations related to the intercompany loan between Ultrapar International and Oxiteno. (i) As of January 1, 2022, the depreciation and amortization of assets classified as held for sale ceased, in compliance with item 25 5 Oxiteno Extrafarma Eliminations 12/31/2022 Net cash (consumed) provided by operating activities (81,558 ) (68,370 ) 180,478 30,550 Net cash (consumed) provided by investing activities 1,011,736 (25,323 ) (1,206,603 ) (220,190 ) Net cash (consumed) provided by financing activities (1,245,754 ) 40,585 1,026,144 (179,025 ) Effect of exchange rate variation on cash and cash equivalents in foreign currency (19,316 ) - - (19,316 ) Increase (decrease) in cash and cash equivalents (334,892 ) (53,108 ) 19 (387,981 ) b. Oxiteno Extrafarma Eliminations(*) Total Net revenue from sales and services 7,102,771 1,986,932 (23,908 ) 9,065,795 Cost of products and services sold (5,540,773 ) (1,384,316 ) 23,908 (6,901,181 ) Gross profit 1,561,998 602,616 - 2,164,614 Operating income (expenses) Selling, marketing and administrative (978,221 ) (685,794 ) - (1,664,015 ) Impairment - (427,529 ) - (427,529 ) Other operating income (expenses), net 26,924 (1,109 ) - 25,815 Operating income (loss) 610,701 (511,816 ) - 98,885 Share of profit (loss) of subsidiaries, joint ventures and associates 48 - - 48 Income (loss) before financial result and income and social contribution taxes 610,749 (511,816 ) - 98,933 Financial result, net (431,441 ) (45,265 ) 329,736 (146,970 ) Income (loss) before income and social contribution taxes 179,308 (557,081 ) 329,736 (48,037 ) Income and social contribution taxes 69,995 155,416 (112,110 ) 113,301 Net income (loss) for the year 249,303 (401,665 ) 217,626 65,264 Depreciation and amortization for the year (i) 308,564 154,850 - 463,414 (*) Elimination between the continued operations and discontinued operations related to loan between International and . (i) Balances included for a complete breakdown of segment information. Oxiteno Extrafarma Eliminations Total Net cash provided by (used in) operating activities 1,016,580 (33,273 ) (788 ) 982,519 Net cash used in investing activities (122,363 ) (35,072 ) (1,298 ) (158,733 ) Net cash (used in) provided by financing activities (1,054,930 ) 35,286 466,677 (552,967 ) Effect of exchange rate changes on cash and cash equivalents in foreign currency 56,553 - - 56,553 (Decrease) increase in cash and cash equivalents (104,160 ) (33,059 ) 464,591 327,372

Operations (Detail)

Operations (Detail)		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
IPP [member]
Disclosure of subsidiaries [line items]
Subsidiary		Ipiranga Produtos de Petróleo S.A.
Location		Brazil
Segment		Ipiranga
Direct control		100%		100%		100%
Indirect control		0%		0%		0%
am/pm Comestveis Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		am/pm Comestíveis Ltda.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Icorban Correspondente Bancrio Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Icorban - Correspondente Bancário Ltda.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Ipiranga Trading Limited [member]
Disclosure of subsidiaries [line items]
Subsidiary		Ipiranga Trading Limited
Location		British Virgin Islands
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Tropical Transportes Ipiranga Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Tropical Transportes Ipiranga Ltda.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Ipiranga Imobiliria Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Ipiranga Imobiliária Ltda.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Ipiranga Logstica Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Ipiranga Logística Ltda.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Oil Trading Importadora e Exportadora Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oil Trading Importadora e Exportadora Ltda.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Iconic Lubrificantes S.A [member]
Disclosure of subsidiaries [line items]
Subsidiary		Iconic Lubrificantes S.A.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		56%		56%		56%
Integra Frotas Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Integra Frotas Ltda.
Location		Brazil
Segment		Ipiranga
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
Irupé Biocombustíveis Ltda.
Disclosure of subsidiaries [line items]
Subsidiary	[1]	Irupé Biocombustíveis Ltda.
Location	[1]	Brazil
Segment	[1]	Ipiranga
Direct control	[1]	0%		0%		0%
Indirect control	[1]	100%		0%		0%
Imaven Imoveis Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary	[2]	Imaven Imóveis Ltda.
Location	[2]	Brazil
Segment	[2]	Others
Direct control		100%	[2]	0%		0%
Indirect control		0%	[2]	100%		100%
Imifarma Produtos Farmaceuticos e Cosmeticos S A [member]
Disclosure of subsidiaries [line items]
Subsidiary	[3]	Imifarma Produtos Farmacêuticos e Cosméticos S.A.
Location	[3]	Brazil
Segment	[3]	Extrafarma
Direct control	[3]	0%		0%		0%
Indirect control	[3]	0%		0%		100%
Ultragaz Participacoes Ltda. [Member]
Disclosure of subsidiaries [line items]
Subsidiary		Ultragaz Participações Ltda
Location		Brazil
Segment		Ultragaz
Direct control		100%		100%		0%
Indirect control		0%		0%		0%
Ultragaz Energia Ltda. and subsidiaries [Member]
Disclosure of subsidiaries [line items]
Subsidiary	[4]	Ultragaz Energia Ltda. and subsidiaries
Location	[4]	Brazil
Segment	[4]	Ultragaz
Direct control	[4]	0%		0%		0%
Indirect control	[4]	100%		100%		100%
Companhia Ultragaz S A [member]
Disclosure of subsidiaries [line items]
Subsidiary	[5]	Companhia Ultragaz S.A.
Location	[5]	Brazil
Segment	[5]	Ultragaz
Direct control	[5]	0%		0%		0%
Indirect control	[5]	99%		99%		99%
Nova Paraná Distribuidora de Gás Ltda. [member]
Disclosure of subsidiaries [line items]
Subsidiary	[6]	Nova Paraná Distribuidora de Gás Ltda.
Location	[6]	Brazil
Segment	[6]	Ultragaz
Direct control	[6]	0%		0%		0%
Indirect control	[6]	100%		100%		100%
Utingas Armazenadora S.A. [member]
Disclosure of subsidiaries [line items]
Subsidiary		Utingás Armazenadora S.A.
Location		Brazil
Segment		Ultragaz
Direct control		0%		0%		0%
Indirect control		57%		57%		57%
Bahiana Distribuidora De Gas Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Bahiana Distribuidora de Gás Ltda.
Location		Brazil
Segment		Ultragaz
Direct control		0%		0%		0%
Indirect control		100%		100%		100%
LPG International Inc. [member]
Disclosure of subsidiaries [line items]
Subsidiary	[7]	LPG International Inc.
Location	[7]	Cayman Islands
Segment	[7]	Ultragaz
Direct control	[7]	0%		0%		0%
Indirect control	[7]	0%		100%		100%
NEOgás do Brasil Gás Natural Comprimido S.A. ("NEOgás") [member]
Disclosure of subsidiaries [line items]
Subsidiary	[8]	NEOgás do Brasil Gas Natural Comprimido S.A.
Location	[8]	Brazil
Segment	[8]	Ultragaz
Direct control	[8]	0%		0%		0%
Indirect control	[8]	100%		0%		0%
UVC Investimentos Ltda. [Member]
Disclosure of subsidiaries [line items]
Subsidiary		UVC Investimentos Ltda
Location		Brazil
Segment		Others
Direct control		100%		100%		0%
Indirect control		0%		0%		99%
Centro de Conveniências Millennium Ltda. and subsidiaries [Member]
Disclosure of subsidiaries [line items]
Subsidiary	[9]	Centro de Conveniências Millennium Ltda. and subsidiaries
Location	[9]	Brazil
Segment	[9]	Others
Direct control		0%		100%	[9]	100%	[9]
Indirect control		100%		0%	[9]	0%	[9]
Ultracargo Operacoes Logisticas e Participacoes Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Ultracargo - Operações Logísticas e Participações Ltda.
Location		Brazil
Segment		Ultracargo
Direct control		100%		100%		100%
Indirect control		0%		0%		0%
Ultracargo Logística S.A.
Disclosure of subsidiaries [line items]
Subsidiary		Ultracargo Logística S.A.
Location		Brazil
Segment		Ultracargo
Direct control		0%		0%		0%
Indirect control		99%		99%		99%
TEAS Terminal Exportador de Alcool de Santos Ltda. [member]
Disclosure of subsidiaries [line items]
Subsidiary	[10]	TEAS – Terminal Exportador de Álcool de Santos Ltda.
Location	[10]	Brazil
Segment	[10]	Ultracargo
Direct control	[10]	0%		0%		0%
Indirect control	[10]	0%		100%		100%
Ultracargo Solucoes Logísticas S.A
Disclosure of subsidiaries [line items]
Subsidiary	[11]	Ultracargo Soluções Logísticas S.A.
Location	[11]	Brazil
Segment	[11]	Ultracargo
Direct control	[11]	0%		0%		0%
Indirect control	[11]	100%		100%		100%
Ultrapar International S.A. [member]
Disclosure of subsidiaries [line items]
Subsidiary		Ultrapar International S.A.
Location		Luxembourg
Segment		Others
Direct control		100%		100%		100%
Indirect control		0%		0%		0%
SERMA - Ass. dos usuários equip. proc. de dados [member]
Disclosure of subsidiaries [line items]
Subsidiary		SERMA - Ass. dos usuários equip. proc. de dados
Location		Brazil
Segment		Others
Direct control		0%		0%		0%
Indirect control		0%		100%		100%
UVC - Fundo de investimento em participações multiestratégia investimento no exterior [Member]
Disclosure of subsidiaries [line items]
Subsidiary		UVC - Fundo de investimento em participações multiestratégia investimento no exterior
Location		Brazil
Segment		Others
Direct control		100%		100%		100%
Indirect control		0%		0%		0%
Eaí Clube Automobilista S.A. [Member]
Disclosure of subsidiaries [line items]
Subsidiary		Eaí Clube Automobilista S.A.
Location		Brazil
Segment		Others
Direct control		100%		100%		100%
Indirect control		0%		0%		0%
Abastece Aí Participações S.A.
Disclosure of subsidiaries [line items]
Subsidiary	[12]	Abastece Aí Participações S.A.
Location	[12]	Brazil
Segment	[12]	Others
Direct control	[12]	0%		0%		0%
Indirect control	[12]	100%		0%		0%
Abastece Aí Clube Automobilista Instituição de Pagamento Ltda
Disclosure of subsidiaries [line items]
Subsidiary	[13]	Abastece Aí Clube Automobilista Instituição de Pagamento Ltda
Location	[13]	Brazil
Segment	[13]	Others
Direct control	[13]	0%		0%		0%
Indirect control	[13]	100%		0%		0%
Ultrapar Mobilidade Ltda.
Disclosure of subsidiaries [line items]
Subsidiary	[14]	Ultrapar Mobilidade Ltda.
Location	[14]	Brazil
Segment	[14]	Others
Direct control	[14]	100%		0%		0%
Indirect control	[14]	0%		0%		0%
Serra Diesel Transportador Revendedor Retalhista Ltda
Disclosure of subsidiaries [line items]
Subsidiary	[15]	Serra Diesel Transportador Revendedor Retalhista Ltda.
Location	[15]	Brazil
Segment	[15]	Others
Direct control	[15]	0%		0%		0%
Indirect control	[15]	60%		0%		0%
Oxiteno S. A. Industria e Comercio [member]
Disclosure of subsidiaries [line items]
Subsidiary	[16]	Oxiteno S.A. Indústria e Comércio
Location	[16]	Brazil
Segment	[16]	Oxiteno
Direct control	[16]	0%		0%		100%
Indirect control	[16]	0%		0%		0%
Oxiteno Argentina Sociedad de Responsabilidad Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno Argentina Sociedad de Responsabilidad Ltda.
Location		Argentina
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oleoquímica Industriae Comércio De Produtos Químicos Ltda [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oleoquímica Indústria e Comércio de Produtos Químicos Ltda.
Location		Brazil
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno Uruguay SA [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno Uruguay S.A.
Location		Uruguay
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno México S.A de C.V [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno México S.A. de C.V.
Location		Mexico
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno Servicios Corporativos SA de CV [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno Servicios Corporativos S.A. de C.V.
Location		Mexico
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno Servicios Industriales S.A. de C.V. [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno Servicios Industriales S.A. de C.V.
Location		Mexico
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno USA LLC [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno USA LLC
Location		United States
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno Europe SPRL [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno Europe SPRL
Location		Belgium
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno Colombia S A S [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno Colombia S.A.S.
Location		Colombia
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Oxiteno Shanghai LTD [member]
Disclosure of subsidiaries [line items]
Subsidiary		Oxiteno Shanghai LTD.
Location		China
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Empresa Carioca de Produtos Quimicos S A [member]
Disclosure of subsidiaries [line items]
Subsidiary		Empresa Carioca de Produtos Químicos S.A.
Location		Brazil
Segment		Oxiteno
Direct control		0%		0%		0%
Indirect control		0%		0%		100%
Global petroleum products trading corporation [member]
Disclosure of subsidiaries [line items]
Subsidiary	[17]	Global Petroleum Products Trading Corp.
Location	[17]	British Virgin Islands
Segment	[17]	Oxiteno
Direct control	[17]	0%		0%		0%
Indirect control	[17]	0%		0%		100%
[1] Company established on October 2, 2023, engaged in the production, sale, import and export of , fertilizers and other agricultural inputs. On April 28, 2023, . (“ ”), performed a partial spin-off of its assets, and the spin-off part was merged into the equity of the subsidiary de S.A. On May 1, became directly controlled by . The entire transaction was carried out under common control. On May 18, 2021, the Company announced the signing of an agreement for the sale of all shares of to . As of December 31, 2021, the Company reclassified the subsidiary’s balances to “assets and liabilities held for sale”, being the transaction closed on August 1, 2022 after the fulfillment of all conditions precedent. For further details, see note 29. On November 18, 2022, the name of subsidiary . was changed to . On August 1, 2022, the subsidiary S.A. (“ ”) became directly controlled by . In November 2022, became an of . Non-operating company in closing phase. On June 30, 2023, the Company was dissolved. On November 21, 2022, through its subsidiary S.A., signed an agreement for the acquisition of all shares of do Natural S.A. The closing of the acquisition occurred on February 1, 2023. On October 2, 2023, de Millennium . and subsidiaries became directly controlled by . On April 27, 2023, the Company was merged into S.A. On June 16, 2023, the name of subsidiary Vila do Conde S.A. was changed to S.A. Company established on June 1, 2023 with the purpose of holding interests in other companies. On April 13, 2023, the company was acquired by S.A. The acquisition was made at book value. Company established on February 28, 2023, with the purpose of holding interests in other companies. On October 2, 2023, the name of subsidiary . was changed to . On May 21, 2023, the Company, through its subsidiary ., signed an agreement for the acquisition of a 60% interest in Serra Diesel . The closing of the transaction occurred on September 1, 2023. On August 16, 2021, the Company announced the signing of an agreement for the sale of its interest in S.A. to . As of December 31, 2021, the Company reclassified the subsidiary’s balances to “assets and liabilities held for sale”. On April 1, 2022, the transaction was consummated. For further details, see note 29. On January 27, 2022, the subsidiary Global Petroleum Products Trading Corp (“GPPT”) was dissolved.

Operations - Operational impact

Operations - Operational impacts (Details Textuals) $ in Millions		12 Months Ended
	Oct. 01, 2022 BRL (R$)	Dec. 31, 2023 USD ($) BRL (R$)
Disclosure of operating segments [line items]
Borrowings, interest rate basis		CDI rate + 0.5% p.a.
Brazilian real per US dollar [member]
Disclosure of operating segments [line items]
Closing foreign exchange rate (R$ / Per_USD)		4,841.3000
Oxiteno S. A. Industria e Comercio [member] | Discontinued operations [member] | Indorama Ventures PLC
Disclosure of operating segments [line items]
Final payment to be received in disposal group transaction | $		$ 150
Ultragaz Comercial Ltda [member] | Stella GD Intermediação de Geração Distribuída de Energia Ltda [member]
Disclosure of operating segments [line items]
Total minimum acquisition value	R$ 63000000
Consideration in cash	R$ 7560000

Operations - Main risks and ass

Operations - Main risks and associated measures (Details Textuals)	May 21, 2023
Ultrapar Empreendimentos Ltda. | Serra Diesel Transportador Revendedor Retalhista Ltda. [member]
Disclosure of detailed information about borrowings [line items]
Percentage of interest to be acquired	60%

Basis of preparation and pres_3

Basis of preparation and presentation of the consolidated financial statements and significant accounting policies - Additional Information (Detail) R$ in Thousands		12 Months Ended
	Mar. 06, 2024	Dec. 31, 2023 BRL (R$) Installments	Dec. 31, 2022 BRL (R$)	Dec. 31, 2021 BRL (R$)	Dec. 31, 2020 BRL (R$)
Basis Of Presentation And Summary Of Significant Accounting Policies [line items]
Cumulative translation adjustments | R$		R$ 0	R$ 0	R$ 304645	R$ 231596
Statutory tax rates in Brazil		34%	34%	34%
Borrowings, maturity date	March 6,2025
Average term of maturity of financial liabilities of customers | Installments		50
Average rate of financial liabilities of customers		13.70%
IRPJ [member]
Basis Of Presentation And Summary Of Significant Accounting Policies [line items]
Statutory tax rates in Brazil		25%
CSLL [member]
Basis Of Presentation And Summary Of Significant Accounting Policies [line items]
Statutory tax rates in Brazil		9%
Bottom of range [member]
Basis Of Presentation And Summary Of Significant Accounting Policies [line items]
Terms of reseller financing		12 months
Top of range [member]
Basis Of Presentation And Summary Of Significant Accounting Policies [line items]
Terms of reseller financing		60 months
Reseller financing rate per month		1%
Weighted average [member]
Basis Of Presentation And Summary Of Significant Accounting Policies [line items]
Terms of reseller financing		40 months

Cash and cash equivalents, fi_3

Cash and cash equivalents, financial investments and derivative financial instruments - Cash and cash equivalents (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents, financial investments and derivative financial instruments
Cash and bank deposits in local currency	R$ 77488	R$ 105986
Cash and bank deposits in foreign currency	47,664	5,811
Securities and funds in local currency	5,476,726	5,204,766
Securities and funds in foreign currency	323,810	305,206
Total cash and cash equivalents	R$ 5925688	R$ 5621769	R$ 2280074	R$ 2661494

Cash and cash equivalents, fi_4

Cash and cash equivalents, financial investments and derivative financial instruments - Financial investments (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents, financial investments and derivative financial instruments
Financial investments in local currency, fixed-income securities and funds	R$ 82592	R$ 406683
Derivative financial instruments and other financial assets at fair value (a)	1,162,283	556,510
Total financial investments and derivative financial instruments	1,244,875	963,193
Current	292,934	520,352
Non-current	R$ 951941	R$ 442841

Trade receivables, reseller f_3

Trade receivables, reseller financing and other receivables - Trade receivables (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	R$ 4269473	R$ 4533327
Loss allowance for expected credit losses	(134,383)	(173,287)
Current	3,921,790	4,149,111
Non-current	13,216	61,463
Trade receivables [member]
Summary of trade receivables [line items]
Loss allowance for expected credit losses	(334,467)	(322,753)
Trade receivables	3,935,006	4,210,574
Current	3,921,790	4,149,111
Non-current	13,216	61,463
Trade receivables [member] | Domestic customers [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	4,183,696	4,527,167
Related parties	78	64
Trade receivables [member] | foreign customers [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	82,634	3,401
Related parties	R$ 3065	R$ 2695

Trade receivables, reseller f_4

Trade receivables, reseller financing and other receivables - Summary of of Trade Receivables, Gross of Loss Allowance for Expected Credit Losses (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	R$ 4269473	R$ 4533327
Current [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	3,538,087	3,930,178
Less than 30 days [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	52,561	20,873
31 to 60 days [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	52,089	18,741
61-90 days [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	15,976	21,482
91-180 days [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	34,157	46,586
More than 180 days [member]
Summary of trade receivables [line items]
Trade receivables, gross of allowance for expected credit losses	R$ 576603	R$ 495467

Trade receivables, reseller f_5

Trade receivables, reseller financing and other receivables - Breakdown of Loss Allowance for Expected Credit Losses (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of trade receivables [line items]
Allowance for expected credit losses	R$ 134383	R$ 173287
Trade receivables [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	334,467	322,753	R$ 374355	R$ 382096
Trade receivables [member] | Current [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	15,866	21,425
Trade receivables [member] | Less than 30 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	3,088	1,747
Trade receivables [member] | 31 to 60 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	1,984	1,384
Trade receivables [member] | 61-90 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	1,851	4,913
Trade receivables [member] | 91-180 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	11,088	15,222
Trade receivables [member] | More than 180 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	R$ 300590	R$ 278062

Trade receivables, reseller f_6

Trade receivables, reseller financing and other receivables - Summary of Movements in the Allowance for Loss Allowance for Expected Credit Losses (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [line items]
Beginning balance	R$ 173287
Ending balance	134,383	R$ 173287
Trade receivables [member]
Disclosure of financial assets [line items]
Beginning balance	322,753	374,355	R$ 382096
Additions	115,090	143,828	177,872
Reversals	(76,762)	(130,385)	(150,160)
Write-offs	(26,614)	(65,045)	(18,646)
Reclassification to assets held for sale			(16,807)
Ending balance	334,467	322,753	374,355
Reseller Financing - Ipiranga [member]
Disclosure of financial assets [line items]
Beginning balance	173,287	185,278	197,011
Additions	28,472	45,987	65,536
Reversals	(59,436)	(52,695)	(68,982)
Write-offs	(7,940)	(5,283)	(8,287)
Ending balance	R$ 134383	R$ 173287	R$ 185278

Trade receivables, reseller f_7

Trade receivables, reseller financing and other receivables - Composition of Reseller Financing (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Summary of trade receivables [line items]
Allowance for expected credit losses	R$ 134383	R$ 173287
Reseller financing	1,055,503	1,061,347
Current	504,862	559,825
Non-current	550,641	501,522
Reseller Financing - Ipiranga [member]
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	R$ 1189886	R$ 1234634

Trade receivables, reseller f_8

Trade receivables, reseller financing and other receivables - Breakdown of Reseller Financing, Gross of Loss Allowance for Expected Credit Losses (Detail) - Reseller Financing - Ipiranga [member] - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	R$ 1189886	R$ 1234634
Current [member]
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	874,191	826,210
Less than 30 days [member]
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	8,890	8,944
31 to 60 days [member]
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	5,664	3,892
61-90 days [member]
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	7,869	11,040
91-180 days [member]
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	13,273	11,943
More than 180 days [member]
Summary of trade receivables [line items]
Reseller financing, gross of loss allowance for expected credit losses	R$ 279999	R$ 372605

Trade receivables, reseller f_9

Trade receivables, reseller financing and other receivables - Breakdown of Expected Losses on Doubtful Accounts (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of trade receivables [line items]
Allowance for expected credit losses	R$ 134383	R$ 173287
Reseller Financing - Ipiranga [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	134,383	173,287	R$ 185278	R$ 197011
Reseller Financing - Ipiranga [member] | Current [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	8,265	1,327
Reseller Financing - Ipiranga [member] | Less than 30 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	1,595	483
Reseller Financing - Ipiranga [member] | 31 to 60 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	857	1,132
Reseller Financing - Ipiranga [member] | 61-90 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	1,795	3,704
Reseller Financing - Ipiranga [member] | 91-180 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	4,521	4,937
Reseller Financing - Ipiranga [member] | More than 180 days [member]
Summary of trade receivables [line items]
Allowance for expected credit losses	R$ 117350	R$ 161704

Trade receivables, reseller _10

Trade receivables, reseller financing and other receivables - sale of subsidiaries (Detail) R$ in Thousands, $ in Millions		12 Months Ended
		Dec. 31, 2023 BRL (R$) Installments	Dec. 31, 2023 USD ($)	Dec. 31, 2022 BRL (R$)
Summary of trade receivables [line items]
Total sale of investments		R$ 924364		R$ 1096565
Current		924,364		184,754
Non-current		R$ 0		911,811
Borrowings, interest rate basis		CDI rate + 0.5% p.a.
Oxiteno S. A. Industria e Comercio [member]
Summary of trade receivables [line items]
Receivables from sale of investments	[1]	R$ 726195		782,655
Adjustment to present value - sale of investments	[2]	R$ 10318		(55,598)
Discount rate		6.1741%
Oxiteno S. A. Industria e Comercio [member] | Discontinued operations [member] | Indorama Ventures PLC
Summary of trade receivables [line items]
Final payment to be received in disposal group transaction | $			$ 150
Extrafarma [member]
Summary of trade receivables [line items]
Receivables from sale of investments	[3]	R$ 208487		R$ 369508
Number of installments in disposal group transaction | Installments		2
[1] Refers to the final installment of the sale of Oxiteno , in the amount of USD 150 Oxiteno to Ultrapar International. Oxiteno was recognized at present value using a discount rate of 6.1741%. The amount as of December 31, 2023 includes present value realization and exchange variation of transaction closing date until December 31, 2023. Extrafarma sale transaction, in two installments of equal value, being the first settled in August 2023, and the second maturing in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a. Extrafarma to parent Ultrapar.

Inventories - Breakdown of Inve

Inventories - Breakdown of Inventories (Detail) - BRL (R$) R$ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Summary of inventories [line items]
Inventories		R$ 4291431	R$ 4906083
Fuels, lubricants, and greases [member]
Summary of inventories [line items]
Inventories		3,367,094	3,782,522
Raw materials [member]
Summary of inventories [line items]
Inventories		282,197	380,993
Liquified petroleum gas [member]
Summary of inventories [line items]
Inventories		112,100	143,516
Consumable materials and other items for resale [member]
Summary of inventories [line items]
Inventories		121,537	125,239
Purchase for future delivery [member]
Summary of inventories [line items]
Inventories	[1]	386,281	453,817
Properties for resale [member]
Summary of inventories [line items]
Inventories		R$ 22222	R$ 19996
[1] Refers substantially to ethanol, biodiesel, and advances for fuel acquisition.

Inventories - Movements in the

Inventories - Movements in the Provision for Losses (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Classes of current inventories [abstract]
Provisions for losses, beginning	R$ 21926	R$ 13078	R$ 40993
Addition to provision for adjustment to realizable value		10,028	5,974
Reversal of provision for adjustment to realizable value	(6,594)
Reversal of provision for obsolescence and other losses	(8,301)	(1,180)	(5,184)
Reclassification to assets held for sale			(28,705)
Provisions for losses, ending	R$ 7031	R$ 21926	R$ 13078

Recoverable taxes - Summary of

Recoverable taxes - Summary of Recoverable Taxes (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Summary of recoverable taxes [line items]
Recoverable taxes	R$ 4203639	R$ 3783271
Current	1,462,269	1,610,312
Non-current	2,741,370	2,172,959
ICMS - State VAT [member]
Summary of recoverable taxes [line items]
Recoverable taxes	1,365,128	1,312,990
PIS and COFINS - Federal VAT [member]
Summary of recoverable taxes [line items]
Recoverable taxes	2,761,262	2,410,736
Others [member]
Summary of recoverable taxes [line items]
Recoverable taxes	R$ 77249	R$ 59545

Recoverable taxes - Schedule of

Recoverable taxes - Schedule of estimated recovery of ICMS credits (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable ICMS, net of provision	R$ 4203639	R$ 3783271
ICMS [member]
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable ICMS, net of provision	1,365,128	R$ 1312990
ICMS [member] | Up to 1 year
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable ICMS, net of provision	508,145
ICMS [member] | 1 to 2 years
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable ICMS, net of provision	381,560
ICMS [member] | 2 to 3 years
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable ICMS, net of provision	238,701
ICMS [member] | From 3 to 5 Years
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable ICMS, net of provision	R$ 236722

Recoverable taxes - Schedule _2

Recoverable taxes - Schedule of estimated recovery of PIS and COFINS credits (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable PIS and COFINS	R$ 4203639	R$ 3783271
PIS and COFINS - Federal VAT [member]
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable PIS and COFINS	2,761,262	R$ 2410736
PIS and COFINS - Federal VAT [member] | Up to 1 year
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable PIS and COFINS	876,876
PIS and COFINS - Federal VAT [member] | 1 to 2 years
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable PIS and COFINS	565,008
PIS and COFINS - Federal VAT [member] | 2 to 3 years
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable PIS and COFINS	640,791
PIS and COFINS - Federal VAT [member] | 3 to 4 years
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable PIS and COFINS	350,942
PIS and COFINS - Federal VAT [member] | 4 to 5 years
Disclosure of estimated recovery of ICMS credits [line items]
Total recoverable PIS and COFINS	R$ 327645

Recoverable taxes - Summary o_2

Recoverable taxes - Summary of Recoverable Income Tax and Social Contribution Taxes (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Current	R$ 171051	R$ 96134
Non-current	225,354	403,383
IRPJ and CSLL [member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Recoverable income and social contribution taxes	396,405	499,517
Current	171,051	96,134
Non-current	R$ 225354	R$ 403383

Recoverable taxes - Additional

Recoverable taxes - Additional Information (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Recoverable taxes	R$ 4203639	R$ 3783271
IRPJ and CSLL [member] | Top of range [member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Realization of tax credit period	5 years
ICMS State vat [Member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Recoverable taxes	R$ 1365128	1,312,990
ICMS State vat [Member] | Top of range [member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Realization of tax credit period	5 years
PIS and COFINS (State VAT) [member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Recoverable taxes	R$ 2761262	2,410,736
Subsidiaries Ipiranga Produtos de Petróleo S.A. (“IPP”), Tropical Transportes Ipiranga Ltda (“Tropical”), AMPM, Iconic and Ultragaz [member] | PIS and COFINS (State VAT) [member] | Top of range [member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Realization of tax credit period	5 years
Subsidiaries [member] | ICMS State vat [Member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Recoverable taxes reclassified to assets held for sale, net of provision for impairment losses	R$ 49732	59,868
Subsidiaries Ipiranga and Ultragaz [member] | PIS and COFINS (State VAT) [member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Recoverable taxes	1,088,303	R$ 971373
Ipiranga [member]
Disclosure Of Recoverable Income Tax and Social Contribution Taxes [line items]
Tax credits received for recoverable taxes	R$ 563000

Related Parties - Summary of Su

Related Parties - Summary of Subsidiaries and Other Related Parties (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Loans, Assets		R$ 31892	[1]	R$ 0	[2]
Loans, Liabilities		3,118	[1]	3,492	[2]
Commercial transactions, Receivables		3,143		2,759
Commercial transactions, Trade payables		147,452		259,644
Trading transactions, Sales and services provided		14,779		16,090		R$ 28080
Trading transactions, Purchases		1,083,065		1,211,826		1,568,707
Quimica da Bahia Industria e Comercio S.A. [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1]	0	[2]
Loans, Liabilities		2,875	[1]	2,875	[2]
Commercial transactions, Receivables		0		0
Commercial transactions, Trade payables		0		0
Trading transactions, Sales and services provided		0		0
Trading transactions, Purchases		0		0
Refinaria De Petroleo Rigrandense S.A. [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1]	0	[2]
Loans, Liabilities		0	[1]	0	[2]
Commercial transactions, Receivables		0		0
Commercial transactions, Trade payables		29,278		26,062
Trading transactions, Sales and services provided		0		0		0
Trading transactions, Purchases		510,510		336,781		619,785
União Vopak Armazéns Gerais Ltda. [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1]	0	[2]
Loans, Liabilities		0	[1]	0	[2]
Commercial transactions, Receivables		32		61
Commercial transactions, Trade payables		0		0
Trading transactions, Sales and services provided		571		784		1,402
Trading transactions, Purchases		0		0		0
Latitude Logística Portuária S.A [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		11,393	[1]	0	[2]
Loans, Liabilities		0	[1]	0	[2]
Commercial transactions, Receivables		0		3
Commercial transactions, Trade payables		20		346
Trading transactions, Sales and services provided		0		0
Trading transactions, Purchases		0		0
Nordeste Logística I S.A. [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		6,842	[1]	0	[2]
Loans, Liabilities		0	[1]	0	[2]
Commercial transactions, Receivables		0		0
Commercial transactions, Trade payables		24		22
Trading transactions, Sales and services provided		0		0
Trading transactions, Purchases		0		0
Nordeste Logística III S.A. [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1]	0	[2]
Loans, Liabilities		0	[1]	0	[2]
Commercial transactions, Receivables		0		0
Commercial transactions, Trade payables		18		17
Trading transactions, Sales and services provided		0		0
Trading transactions, Purchases		0		0
Chevron (Thailand) Limited [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		0	[3]	0	[4]
Commercial transactions, Trade payables		0	[3]	113	[4]
Trading transactions, Sales and services provided		483	[3]	0	[4]	675	[5]
Trading transactions, Purchases		0	[3]	832	[4]	1,072	[5]
Chevron Latin America Marketing LLC [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		73	[3]	34	[4]
Commercial transactions, Trade payables		0	[3]	0	[4]
Trading transactions, Sales and services provided		0	[3]	0	[4]
Trading transactions, Purchases		0	[3]	0	[4]
Chevron Lubricants Oils S.A. [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		353	[3]	403	[4]
Commercial transactions, Trade payables		0	[3]	0	[4]
Trading transactions, Sales and services provided		353	[3]	930	[4]	786	[5]
Trading transactions, Purchases		0	[3]	0	[4]	0	[5]
Chevron Marine Products [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		2,495	[3]	1,950	[4]
Commercial transactions, Trade payables		0	[3]	0	[4]
Trading transactions, Sales and services provided		13,228	[3]	14,068	[4]	24,583	[5]
Trading transactions, Purchases		0	[3]	0	[4]	0	[5]
Chevron Oronite Brasil Ltda. [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		0	[3]	0	[4]
Commercial transactions, Trade payables		53,466	[3]	53,912	[4]
Trading transactions, Sales and services provided		0	[3]	0	[4]	78	[5]
Trading transactions, Purchases		175,053	[3]	162,006	[4]	150,878	[5]
Chevron Products Company [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		0	[3]	0	[4]
Commercial transactions, Trade payables		63,263	[3]	178,846	[4]
Trading transactions, Sales and services provided		0	[3]	0	[4]	0	[5]
Trading transactions, Purchases		370,137	[3]	699,154	[4]	789,452	[5]
Chevron Belgium NV [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		0	[3]	0	[4]
Commercial transactions, Trade payables		1,346	[3]	326	[4]
Trading transactions, Sales and services provided		0	[3]	0	[4]	0	[5]
Trading transactions, Purchases		27,306	[3]	13,053	[4]	7,520	[5]
Chevron Petroleum CO Colombia [member]
Disclosure of transactions between related parties [line items]
Loans, Assets	[2],[4]			0
Loans, Liabilities	[2],[4]			0
Commercial transactions, Receivables	[4]			220
Commercial transactions, Trade payables	[4]			0
Trading transactions, Sales and services provided				220	[4]	392	[5]
Trading transactions, Purchases				0	[4]	0	[5]
Chevron Lubricants Lanka PLC [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1],[3]	0	[2],[4]
Loans, Liabilities		0	[1],[3]	0	[2],[4]
Commercial transactions, Receivables		144	[3]	88	[4]
Commercial transactions, Trade payables		0	[3]	0	[4]
Trading transactions, Sales and services provided		144	[3]	88	[4]	164	[5]
Trading transactions, Purchases		0	[3]	0	[4]	R$ 0	[5]
Others [member]
Disclosure of transactions between related parties [line items]
Loans, Assets		0	[1]	0	[2]
Loans, Liabilities		243	[1]	617	[2]
Commercial transactions, Receivables		0		0
Commercial transactions, Trade payables		0		0
Trading transactions, Sales and services provided		0		0
Trading transactions, Purchases		0		R$ 0
Navegantes Logística Portuária S.A.
Disclosure of transactions between related parties [line items]
Loans, Assets	[1]	13,657
Loans, Liabilities	[1]	0
Commercial transactions, Receivables		46
Commercial transactions, Trade payables		0
Trading transactions, Sales and services provided		0
Trading transactions, Purchases		0
Chevron Brasil Óleo e Gás Ltda.
Disclosure of transactions between related parties [line items]
Loans, Assets	[1],[3]	0
Loans, Liabilities	[1],[3]	0
Commercial transactions, Receivables	[3]	0
Commercial transactions, Trade payables	[3]	37
Trading transactions, Sales and services provided	[3]	0
Trading transactions, Purchases	[3]	0
MLF Holding Ltda.
Disclosure of transactions between related parties [line items]
Loans, Assets	[1],[6]	0
Loans, Liabilities	[1],[6]	0
Commercial transactions, Receivables	[6]	0
Commercial transactions, Trade payables	[6]	0
Trading transactions, Sales and services provided	[6]	0
Trading transactions, Purchases	[6]	R$ 59
[1]Loans contracted have indefinite terms and do not contain remuneration clauses.[2]Loans contracted have indefinite terms and do not contain remuneration clauses.[3]Non-controlling shareholders and other related parties of Iconic.[4]Non-controlling shareholders and other related parties of Iconic.[5]Non-controlling shareholders and other related parties of Iconic.[6]Non-controlling shareholders and other related parties of Serra Diesel.

Related Parties - Summary of Ex

Related Parties - Summary of Expenses for Compensation of Its Key Executives (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [abstract]
Short-term compensation	R$ 54396	R$ 62285	R$ 47003
Stock compensation	35,165	18,424	15,778
Post-employment benefits	4,206	4,035	2,737
Termination benefits	1,007	0	5,637
Total	R$ 94774	R$ 84744	R$ 71155

Related Parties - Additional In

Related Parties - Additional Information (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
	Apr. 19, 2017	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Provision for expected losses on accounts receivable or guarantees		R$ 0
Common shares approved as incentive ownership plan	11,128,102	55,760,215
General and administrative expense		R$ 2018159	R$ 1534481	R$ 1466551
Deferred stock plan [member] | Management
Disclosure of transactions between related parties [line items]
Amortization (reversal of amortization) of share based plans recognized as general and administrative		R$ 88	(1,204)	(1,902)
Percentage of Common shares may deliver to participants to company's share capital	1%	5%
Deferred stock plan [member] | Management | Discontinued operations [member]
Disclosure of transactions between related parties [line items]
Amortization (reversal of amortization) of share based plans recognized as general and administrative				R$ 1325
Restricted and Performance Stock [member]
Disclosure of transactions between related parties [line items]
General and administrative expense		R$ 70770	R$ 38204
Bottom of range [member] | Deferred stock plan [member]
Disclosure of transactions between related parties [line items]
Period of amortization from grant date		5 years
Bottom of range [member] | Deferred stock plan [member] | Management
Disclosure of transactions between related parties [line items]
Period of transfter of ownership shares		5 years
Top of range [member]
Disclosure of transactions between related parties [line items]
Percentage of Common shares may deliver to participants to company's share capital		1%
Top of range [member] | Deferred stock plan [member]
Disclosure of transactions between related parties [line items]
Period of amortization from grant date		7 years
Top of range [member] | Deferred stock plan [member] | Management
Disclosure of transactions between related parties [line items]
Period of transfter of ownership shares		7 years

Related Parties - Summary of Sh

Related Parties - Summary of Shares granted (Detail) R$ / shares in Units, R$ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$) shares R$ / shares
Disclosure of transactions between related parties [line items]
Number of shares granted (Quantity) | shares	14,834,595
Total grant costs, including taxes	R$ 433901
Accumulated recognized grant costs	(124,841)
Accumulated unrecognized grant costs	R$ 309060
Management
Disclosure of transactions between related parties [line items]
Number of shares granted (Quantity) | shares	0
Total grant costs, including taxes	R$ 9732
Accumulated recognized grant costs	(9,732)
Accumulated unrecognized grant costs	R$ 0
Deferred stock plan [member] | Grant Date March 4 2016 [member] | Management
Disclosure of transactions between related parties [line items]
Grant date	March 4, 2016
Number of shares granted (Quantity) | shares	0
Vesting period	2023
Fair value of shares on the grant date | R$ / shares	R$ 32.72
Total grant costs, including taxes	R$ 9732
Accumulated recognized grant costs	(9,732)
Accumulated unrecognized grant costs	R$ 0

Related Parties - Changes of Nu

Related Parties - Changes of Number of Shares Granted (Detail) - Deferred stock plan [member] - Management - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share granted, beginning	66,664	133,332	702,260
Shares transferred to executives	(66,664)	(66,668)	(448,930)
Reclassification to assets held for sale			(119,998)
Share granted, ending	0	66,664	133,332

Related Parties - Restricted St

Related Parties - Restricted Stock Program (Detail) - 12 months ended Dec. 31, 2023 R$ / shares in Units, R$ in Thousands	BRL (R$) shares R$ / shares	$ / shares
Disclosure of transactions between related parties [line items]
Number of shares granted (Quantity) | shares	14,834,595
Total exercisable grant costs, including taxes	R$ 433901
Accumulated recognized exercisable grant costs	(124,841)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 309060
Restricted Stock Award [Member] | Grant Date, September 19, 2018 [Member]
Disclosure of transactions between related parties [line items]
Grant date	September 19, 2018
Number of shares granted (Quantity) | shares	80,000
Vesting period	2024
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 19.58
Total exercisable grant costs, including taxes	R$ 2675
Accumulated recognized exercisable grant costs	(2,341)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 334
Restricted Stock Award [Member] | Grant Date, April 3, 2019 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 3, 2019
Number of shares granted (Quantity) | shares	25,996
Vesting period	2024
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 23.25
Total exercisable grant costs, including taxes	R$ 3083
Accumulated recognized exercisable grant costs	(3,027)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 56
Restricted Stock Award [Member] | Grant Date, September 2, 2019 [Member]
Disclosure of transactions between related parties [line items]
Grant date	September 2, 2019
Number of shares granted (Quantity) | shares	240,000
Vesting period	2025
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 16.42
Total exercisable grant costs, including taxes	R$ 6756
Accumulated recognized exercisable grant costs	(4,880)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 1876
Restricted Stock Award [Member] | Grant Date, April 1, 2020 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 1, 2020
Number of shares granted (Quantity) | shares	89,388
Vesting period	2024 to 2025
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 12.53
Total exercisable grant costs, including taxes	R$ 2107
Accumulated recognized exercisable grant costs	(1,781)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 326
Restricted Stock Award [Member] | Grant Date, September 16, 2020 [Member]
Disclosure of transactions between related parties [line items]
Grant date	September 16, 2020
Number of shares granted (Quantity) | shares	140,000
Vesting period	2026
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 23.03
Total exercisable grant costs, including taxes	R$ 5464
Accumulated recognized exercisable grant costs	(3,036)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 2428
Restricted Stock Award [Member] | Grant Date, April 7, 2021 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 7, 2021
Number of shares granted (Quantity) | shares	339,678
Vesting period	2024
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 21
Total exercisable grant costs, including taxes	R$ 13822
Accumulated recognized exercisable grant costs	(12,711)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 1111
Restricted Stock Award [Member] | Grant Date, September 22, 2021 [Member]
Disclosure of transactions between related parties [line items]
Grant date	September 22, 2021
Number of shares granted (Quantity) | shares	1,000,000
Vesting period	2027
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 14.17
Total exercisable grant costs, including taxes	R$ 24363
Accumulated recognized exercisable grant costs	(9,576)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 14787
Restricted Stock Award [Member] | Grant Date, April 6, 2022 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 6, 2022
Number of shares granted (Quantity) | shares	667,194
Vesting period	2025
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 14.16
Total exercisable grant costs, including taxes	R$ 18240
Accumulated recognized exercisable grant costs	(10,885)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 7355
Restricted Stock Award [Member] | Grant Date, September 21, 2022 [Member]
Disclosure of transactions between related parties [line items]
Grant date	September 21, 2022
Number of shares granted (Quantity) | shares	2,640,000
Vesting period	2032
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 12.98
Total exercisable grant costs, including taxes	R$ 64048
Accumulated recognized exercisable grant costs	(8,540)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 55508
Restricted Stock Award [Member] | Grant Date, December 7, 2022 [Member]
Disclosure of transactions between related parties [line items]
Grant date	December 7, 2022
Number of shares granted (Quantity) | shares	1,500,000
Vesting period	2032
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 13.47
Total exercisable grant costs, including taxes	R$ 37711
Accumulated recognized exercisable grant costs	(4,090)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 33621
Restricted Stock Award [Member] | Grant Date, April 20, 2023 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 20, 2023
Number of shares granted (Quantity) | shares	311,324
Vesting period	2025
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 14.5
Total exercisable grant costs, including taxes	R$ 7472
Accumulated recognized exercisable grant costs	(2,802)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 4670
Restricted Stock Award [Member] | Grant Date, April 20, 2023 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 20, 2023
Number of shares granted (Quantity) | shares	1,179,409
Vesting period	2026
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 14.5
Total exercisable grant costs, including taxes	R$ 32040
Accumulated recognized exercisable grant costs	(8,129)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 23911
Restricted Stock Award [Member] | Grant Date, September 20, 2023 [Member]
Disclosure of transactions between related parties [line items]
Grant date	September 20, 2023
Number of shares granted (Quantity) | shares	3,800,000
Vesting period	2033
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 18.75
Total exercisable grant costs, including taxes	R$ 132775
Accumulated recognized exercisable grant costs	(4,426)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 128349
Performance Stock Award [Member] | Grant Date, April 1, 2020 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 1, 2020
Number of shares granted (Quantity) | shares	144,202
Vesting period	2024 to 2025
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 12.53
Total exercisable grant costs, including taxes	R$ 3234
Accumulated recognized exercisable grant costs	(2,845)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 389
Performance Stock Award [Member] | Grant Date, April 7, 2021 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 7, 2021
Number of shares granted (Quantity) | shares	645,094
Vesting period	2024
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 21
Total exercisable grant costs, including taxes	R$ 25358
Accumulated recognized exercisable grant costs	(23,692)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 1666
Performance Stock Award [Member] | Grant Date, April 6, 2022 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 6, 2022
Number of shares granted (Quantity) | shares	847,990
Vesting period	2025
Fair value of shares on the grant date (in R$ per share) | R$ / shares	R$ 14.16
Total exercisable grant costs, including taxes	R$ 22694
Accumulated recognized exercisable grant costs	(13,931)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 8763
Performance Stock Award [Member] | Grant Date, April 20, 2023 [Member]
Disclosure of transactions between related parties [line items]
Grant date	April 20, 2023
Number of shares granted (Quantity) | shares	1,184,320
Vesting period	2026
Fair value of shares on the grant date (in R$ per share) | $ / shares		$ 14.5
Total exercisable grant costs, including taxes	R$ 32059
Accumulated recognized exercisable grant costs	(8,149)
Unrecognized exercisable grant costs (in R$ thousands)	R$ 23910

Related Parties - Summarized Ch

Related Parties - Summarized Changes of Number of Restricted and Performance Shares Granted (Detail)		12 Months Ended
		Dec. 31, 2023 shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares
Disclosure of transactions between related parties [line items]
Shares granted		14,834,595
Restricted and Performance Stock [member]
Disclosure of transactions between related parties [line items]
Share granted, beginning		8,934,704	4,415,294	2,910,162
Shares granted		6,930,871	5,702,027
Cancellation of granted shares due to termination of executive employment		(583,180)	(934,310)	(133,186)
Performance shares	[1]			(133,326)
Shares transferred (vesting)		(447,800)	(484,651)
Reclassification from assets held for sale			236,344
Reclassification to assets held for sale				(614,860)
Share granted, ending		14,834,595	8,934,704	4,415,294
Restricted and Performance Stock [member] | April 7, 2021 [member]
Disclosure of transactions between related parties [line items]
Shares granted				1,386,504
Restricted and Performance Stock [member] | September 22, 2021 [member]
Disclosure of transactions between related parties [line items]
Shares granted				1,000,000
[1]Refers to the reversal of the provision constituted in view of the significant probability that performance indicators will not be achieved.

Income and Social Contributio_3

Income and Social Contribution Taxes - Deferred Taxes (Detail) - BRL (R$) R$ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets - deferred income and social contribution taxes on:
Provision for losses with assets		R$ 46863	R$ 47436
Provision for tax, civil and labor risks		326,662	225,585
Provision for post-employment benefits		90,451	74,644
Provision for differences between cash and accrual basis		35,989	63,330
Goodwill		7,976	3,561
Business combination – tax basis vs. accounting basis of goodwill		0	17,575
Provision for asset retirement obligation		14,759	15,737
Operating provisions		299,609	132,657
Provision for profit sharing and bonus		91,883	69,588
Leases payable		518,138	518,081
Change in fair value of subscription warrants		3,566	9,224
Provision for deferred revenue		932	8,121
Other temporary differences		104,319	43,715
Tax losses and negative basis for social contribution carryforwards (10.d)		396,601	283,238
Total		1,937,748	1,512,492
Offsetting liability balance		(682,614)	(614,257)
Net balances of deferred tax assets		1,255,134	898,235
Liabilities - deferred income and social contribution taxes on:
Revaluation of property, plant and equipment		0	387
Leases payable		432,908	457,768
Provision for differences between cash and accrual basis	[1]	81,293	9,389
Goodwill		28,717	27,691
Business combination - fair value of assets		54,921	61,521
Other temporary differences		84,981	57,800
Total		682,820	614,556
Offsetting asset balance		(682,614)	(614,257)
Net balance of deferred tax liabilities		R$ 206	R$ 299
[1]Refers mainly to the income and social contribution taxes on the exchange variation of the derivative instruments.

Income and Social Contributio_4

Income and Social Contribution Taxes - Summary of Changes in Balances of Deferred Taxes (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income and social contribution taxes [abstract]
Initial balance	R$ 897936	R$ 571473	R$ 961979
Deferred IRPJ and CSLL recognized in income for the year	335,375	296,459	242,246
Deferred IRPJ and CSLL of subsidiaries classified as discontinued operations		31,138	110,821
Deferred IRPJ and CSLL recognized in other comprehensive income	21,474	(1,134)	(11,366)
Reclassification to assets held for sale			(728,986)
Others	143		(3,221)
Final balance	R$ 1254928	R$ 897936	R$ 571473

Income and Social Contributio_5

Income and Social Contribution Taxes - Summary of Reconciliation of Taxes (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income and social contribution taxes [abstract]
Income before taxes		R$ 3578695	R$ 1879725	R$ 1006648
Statutory tax rates - %		34%	34%	34%
Income and social contribution taxes at the statutory tax rates		R$ 1216756	R$ 639107	R$ 342260
Adjustment to the statutory income and social contribution taxes:
Nondeductible expenses	[1]	(11,535)	(11,006)	(45,569)
Nontaxable revenues	[2]	114,981	23,149	138,631
Adjustment to estimated income	[3]	2,173	10,136	3,901
Unrecorded deferred income and social contribution tax carryforwards	[4]	(36,227)	(4,602)	(5,285)
Share of profit (loss) of subsidiaries, joint ventures and associates		4,049	4,141	(5,995)
Interest on capital		0	153,004	0
Other adjustments		(26,666)	29,327	21,414
Income and social contribution taxes before tax incentives		(1,169,981)	(434,958)	(235,163)
Tax incentives – SUDENE (10.c)		109,039	93,444	47,129
Income and social contribution taxes in the statement of income		(1,060,942)	(341,514)	(188,034)
Current		(1,396,317)	(637,973)	(430,280)
Deferred		R$ 335375	R$ 296459	R$ 242246
Effective IRPJ and CSLL rates - %		(29.60%)	(18.20%)	(18.70%)
[1] Consist of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative results of foreign subsidiaries and certain provisions. Consist of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes, tax incentives, installments and the reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary adjustment (SELIC) in the repetition of undue tax lawsuits. Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form of taxation, whereby income and social contribution losses are calculated on a basis equal to 32 % of the operating revenues, as opposed to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents the difference between the taxation under this alternative method and the income and social contribution taxes that would have been paid based on the effective statutory rate applied to the taxable income of these subsidiaries. See Note 9 .d.

Income and Social Contributio_6

Income and Social Contribution Taxes - Summary of Tax Incentives (Detail)	12 Months Ended
	Dec. 31, 2023
Bahiana Distribuidora De Gas Ltda [member]
Summary of income and social contribution taxes [line items]
Subsidiary	Bahiana Distribuidora de Gás Ltda.
Bahiana Distribuidora De Gas Ltda [member] | Mataripe Base [member]
Summary of income and social contribution taxes [line items]
Business Units	Mataripe base
Incentive - %	75%
Expiration	2024
Bahiana Distribuidora De Gas Ltda [member] | Caucaia Base [member]
Summary of income and social contribution taxes [line items]
Business Units	Caucaia base
Incentive - %	75%
Expiration	2025
Bahiana Distribuidora De Gas Ltda [member] | Juazeiro base [member]
Summary of income and social contribution taxes [line items]
Business Units	Juazeiro base
Incentive - %	75%
Expiration	2026
Bahiana Distribuidora De Gas Ltda [member] | Aracaju Base [member]
Summary of income and social contribution taxes [line items]
Business Units	Aracaju base
Incentive - %	75%
Expiration	2027
Bahiana Distribuidora De Gas Ltda [member] | Suape Base [member]
Summary of income and social contribution taxes [line items]
Business Units	Suape base
Incentive - %	75%
Expiration	2027
Ultracargo Logística S.A. [member]
Summary of income and social contribution taxes [line items]
Subsidiary	Ultracargo Logística S.A.
Ultracargo Logística S.A. [member] | Aratu Terminal [member]
Summary of income and social contribution taxes [line items]
Business Units	Aratu Terminal	[1]
Incentive - %	75%
Expiration	2032
Renewal of concession term filed with Superintendence for the Development of the Northeast (“SUDENE”)	10 years
Ultracargo Logística S.A. [member] | Suape Terminal [Member]
Summary of income and social contribution taxes [line items]
Business Units	Suape Terminal
Incentive - %	75%
Expiration	2030
Ultracargo Logística S.A. [member] | Itaqui Terminal [member]
Summary of income and social contribution taxes [line items]
Business Units	Itaqui Terminal
Incentive - %	75%
Expiration	2030
[1] In December 2022, an application for renewal of Aratu Terminal concession term for an additional 10 years was filed with SUDENE, having been approved in accordance with Report 108/2023 and recognition by the Brazilian Federal Revenue with effect on January 1, 2023.

Income and Social Contributio_7

Income and Social Contribution Taxes - Summary of deferred income and social contribution tax assets (Detail) - BRL (R$) R$ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards		R$ 396601	R$ 283238
Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards		396,601	283,238
Tax losses and negative basis for social contribution carryforwards not constituted		76,302	19,545
Oil Trading Importadora e Exportadora Ltda [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards		84,372	93,627
Ultrapar [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards	[1]	77,453	65,505
Abastece Aí [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards		91,861	66,347
Ipiranga [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards		97,071	28,894
Ultracargo Vila do Conde [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards		30,652	22,313
Neogás [Member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards not constituted		45,333	0
Integra Frotas [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards not constituted		13,335	12,394
Millennium [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards not constituted		8,539	6,154
Others [member] | Onshore [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards		15,192	6,552
Tax losses and negative basis for social contribution carryforwards not constituted		R$ 9095	R$ 997
[1]Include the amount of R$ 25,884 of deferred taxes recognized on the tax loss of subsidiary Ultrapar International as of December 31, 2023 (R$ 33,663 as of December 31, 2022).

Income and Social Contributio_8

Income and Social Contribution Taxes - Additional Information (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred income and social contribution taxes	R$ 1937748	R$ 1512492
Threshold amount of gross revenue for calculation of alternative method of taxation for companies	R$ 78000
Percentage of operating revenues for calculation of alternative method of taxation for companies	32%
Threshold percentage of taxable income for indefinite expiration of tax loss carryforwards	30%
Tax losses and negative basis for social contribution carryforwards	R$ 396601	283,238
Income and social contribution tax benefit related to monetary variation (SELIC) on repetition of tax undue payments	143,147	128,420
Deferred income and social contribution taxes	1,255,134	898,235
Ultrapar International S.A. [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax losses and negative basis for social contribution carryforwards	R$ 25884	R$ 33663

Prepaid Expenses - Summary of P

Prepaid Expenses - Summary of Prepaid Expenses (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Prepayments and accrued income other than contract assets [abstract]
Current	R$ 99922	R$ 123699
Non-current	R$ 73387	R$ 74813

Contractual Assets with Custo_3

Contractual Assets with Customers - Exclusive Rights - Summary of Contractual Assets with Customers Exclusive Rights Balance and Changes (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Contract assets [abstract]
Initial balance	R$ 2205591	R$ 2079226	R$ 1706331
Additions	664,363	637,502	689,986
Amortization	(607,446)	(504,907)	(282,521)
Transfer		(6,230)	(34,570)
Final balance	2,262,508	2,205,591	R$ 2079226
Current	787,206	614,112
Non-current	R$ 1475302	R$ 1591479

Investments in subsidiaries, _3

Investments in subsidiaries, joint ventures and associates - Summary of the positions of equity and income (loss) for the year (Details) - BRL (R$) R$ in Thousands			12 Months Ended
		Feb. 01, 2022	Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of investments accounted for using equity method [line items]
Equity			R$ 14029826		R$ 12174968	R$ 10469240	R$ 9910265
Net income (loss) for the year			2,517,753		1,840,069	883,878
Total investments			318,356		111,384
Total provision for equity deficit			(256)		(157)
Total	[1]		318,100		111,227	78,593	R$ 162620
Share of profit (loss) of joint ventures and associates			11,908	[2]	12,181	(17,634)
Transportadora sulbrasileira de gas [member]
Disclosure of investments accounted for using equity method [line items]
Equity			15,912	[3]	15,593
Net income (loss) for the year			R$ 8253	[3]	R$ 10733	R$ 2209
Interest in share capital - % in associates			25%	[3]	25%	25%
Total investments	[3]		R$ 3978		R$ 3898
Share of profit (loss) of joint ventures and associates	[3]		2,043		2,771	R$ 552
Metalurgica plus [member]
Disclosure of investments accounted for using equity method [line items]
Equity			(769)	[4]	(471)
Net income (loss) for the year			R$ 298	[4]	R$ 314	R$ 300
Interest in share capital - % in associates			33%	[4]	33%	33%
Investments with negative equity	[4]		R$ 256		R$ 157
Share of profit (loss) of joint ventures and associates	[4]		(99)		(105)	R$ 100
Plenogas distribuidora de gas [member]
Disclosure of investments accounted for using equity method [line items]
Equity			1,489	[4]	1,844
Net income (loss) for the year			R$ 376	[4]	R$ 353	R$ 13
Interest in share capital - % in associates			33%	[4]	33%	33%
Total investments	[4]		R$ 497		R$ 615
Share of profit (loss) of joint ventures and associates	[4]		124		118	R$ 4
Other investments [member]
Disclosure of investments accounted for using equity method [line items]
Equity			0
Net income (loss) for the year			R$ 0
Interest in share capital - % in associates			0%
Total investments			R$ 33		28
Share of profit (loss) of joint ventures and associates			0		0	(14)
União Vopak – Armazéns Gerais Ltda [member]
Disclosure of investments accounted for using equity method [line items]
Equity			3,100	[5]	8,912
Net income (loss) for the year			R$ 15388	[5]	R$ 7760	R$ 1204
Interest in share capital - % in joint ventures			50%	[5]	50%	50%
Total investments	[5]		R$ 1550		R$ 4456
Share of profit (loss) of joint ventures and associates	[5]		7,694		(3,880)	R$ 602
Refinaria de Petróleo Riograndense S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Equity			127,033		75,850
Net income (loss) for the year			R$ 20899		R$ 78599	R$ 2477
Interest in share capital - % in joint ventures			33%		33%	33%
Share of profit (loss) of joint ventures and associates	[6]					R$ 823
ConectCar Soluções de Mobilidade Eletrônica S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Equity			R$ 0
Net income (loss) for the year			R$ 0
Interest in share capital - % in joint ventures			0%
Investments with negative equity			R$ 0		R$ 0
Share of profit (loss) of joint ventures and associates			0		0	(18,081)
Latitude Logística Portuária S.A [member]
Disclosure of investments accounted for using equity method [line items]
Equity			12,004	[7]	15,276
Net income (loss) for the year			R$ 4068	[7]	R$ 1716	R$ 1186
Interest in share capital - % in joint ventures			50%	[7]	50%	50%
Total investments	[7]		R$ 6002		R$ 7638
Share of profit (loss) of joint ventures and associates	[7]		(1,636)		(2,339)	R$ 593
Navegantes Logística Portuária S.A [member]
Disclosure of investments accounted for using equity method [line items]
Equity			47,510	[7]	69,749
Net income (loss) for the year			R$ 22820	[7]	R$ 19768	R$ 9096
Interest in share capital - % in joint ventures			33%	[7]	33%	33%
Total investments	[7]		R$ 15836		R$ 23250
Share of profit (loss) of joint ventures and associates	[7]		(7,413)		(11,040)	R$ 3032
Nordeste Logística I S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Equity			21,212	[7]	19,021
Net income (loss) for the year			R$ 6305	[7]	R$ 9098	R$ 4776
Interest in share capital - % in joint ventures			33%	[7]	33%	33%
Total investments	[7]		R$ 7071		R$ 6340
Share of profit (loss) of joint ventures and associates	[7]		730		2,591	R$ 1592
Nordeste Logística II S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Equity			51,649	[7]	58,246
Net income (loss) for the year			R$ 5553	[7]	R$ 3631	R$ 2458
Interest in share capital - % in joint ventures			33%	[7]	33%	33%
Total investments	[7]		R$ 17216		R$ 19415
Share of profit (loss) of joint ventures and associates	[7]		(2,199)		(2,007)	R$ 819
Nordeste Logística III S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Equity			54,013	[7]	51,112
Net income (loss) for the year			R$ 3933	[7]	R$ 798	R$ 766
Interest in share capital - % in joint ventures			33%	[7]	33%	33%
Total investments	[7]		R$ 18004		R$ 17038
Share of profit (loss) of joint ventures and associates	[7]		967		(30)	R$ 255
Quimica da Bahia Industria e Comercio S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Equity			6,956	[8]	7,040
Net income (loss) for the year			R$ 84	[8]	R$ 15
Interest in share capital - % in joint ventures		50%	50%	[8]	50%
Total investments	[8]		R$ 3478		R$ 3520
Share of profit (loss) of joint ventures and associates	[8]		(42)		(8)	0
Terminal de Combustíveis Paulínia S.A. ("Opla")
Disclosure of investments accounted for using equity method [line items]
Equity	[9]		108,311
Net income (loss) for the year	[9]		R$ 8141
Interest in share capital - % in joint ventures	[9]		50%
Goodwill on investments	[9]		R$ 158634
Total investments	[9]		54,155		0
Share of profit (loss) of joint ventures and associates	[9]		4,071		0	0
Other investments [member]
Disclosure of investments accounted for using equity method [line items]
Equity			0
Net income (loss) for the year			R$ 0
Interest in share capital - % in joint ventures			0%
Total investments			R$ 349		0
Share of profit (loss) of joint ventures and associates			0		0	0
ConectCar Soluções de Mobilidade Eletrônica S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Net income (loss) for the year	[10]					R$ 36162
Interest in share capital - % in joint ventures	[10]					50%
Investments with positive equity [member] | Refinaria de Petróleo Riograndense S.A. [member]
Disclosure of investments accounted for using equity method [line items]
Equity	[6]		95,027
Net income (loss) for the year	[6]		R$ 23094
Interest in share capital - % in joint ventures	[6]		33%
Total investments	[6]		R$ 31553		25,186
Share of profit (loss) of joint ventures and associates	[6]		R$ 7668		R$ 26110
[1] Investments in subsidiaries, joint ventures and associates net of provision for equity deficit. Adjusted for unrealized profits between subsidiaries. The subsidiary IPP holds an interest in de S.A. (“TSB”), which is primarily engaged in natural gas transportation services. The subsidiary . holds an interest in Plus S.A. (“ ”), which is primarily engaged in the manufacture and trading of LPG containers and has interest in de S.A. (“ ”), which is primarily engaged in the marketing of LPG containers. Currently, the associates have their operational activities suspended. The subsidiary holds an interest in – . (“ ”), which is primarily engaged in liquid bulk storage at the port of . The Company holds an interest in de S.A. (“RPR”), which is primarily engaged in oil refining. The subsidiary IPP participates in the port concession BEL 02 (PA), through Latitude S.A. (“Latitude”); for the port of (ES), it participates through S.A. (“ ”); in (PB), it holds an interest in I S.A. (" I"), II S.A. (" II”) and III S.A. (“ III”). The Company acquired a 50% interest in da Bahia on February 1, 2022. Until January 31, 2022, da Bahia was an associate of S.A. The subsidiary acquired a 50% interest in on July 1, 2023. For more information, see Note 28 The balances presented refer to September 30, 2021, due to the completion of the sale of on October 1, 2021.

Investments in subsidiaries, _4

Investments in subsidiaries, joint ventures and associates - Summary of statements of financial position and statements of income of joint ventures (Detail) - BRL (R$) R$ in Thousands			12 Months Ended
		Feb. 01, 2022	Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of joint ventures [line items]
Current assets			R$ 18648895		R$ 18564600
Non-current assets			19,603,079		17,876,403
Current liabilities			11,229,658		12,766,252
Non-current liabilities			12,992,490		11,499,783
Equity			14,029,826		12,174,968	R$ 10469240	R$ 9910265
Net revenue			126,048,701		143,634,708	109,732,842
Costs, operating expenses and income			(602,865)		(514,522)	96,166
Net income (loss) for the year			2,517,753		1,840,069	883,878
Uniao vopak [member]
Disclosure of joint ventures [line items]
Current assets			7,256		3,164
Non-current assets			132		7,454
Current liabilities			92		1,378
Non-current liabilities			4,196		328
Equity			3,100	[1]	8,912
Net revenue			0		3,408	17,660
Costs, operating expenses and income			22,174		(13,412)	(16,144)
Finance income (costs), income and social contribution taxes			(6,786)		2,244	(312)
Net income (loss) for the year			R$ 15388	[1]	R$ 7760	R$ 1204
Number of shares or units held			5,599		29,995	29,995
Interest in share capital - % in joint ventures			50%	[1]	50%	50%
RPR [member]
Disclosure of joint ventures [line items]
Current assets			R$ 592237		R$ 615563
Non-current assets			252,722		156,788
Current liabilities			488,932		432,502
Non-current liabilities			228,994		263,999
Equity			127,033		75,850
Net revenue			2,954,931		3,215,987	R$ 2092786
Costs, operating expenses and income			(2,940,640)		(3,085,140)	(2,105,544)
Finance income (costs), income and social contribution taxes			6,608		(52,248)	15,235
Net income (loss) for the year			R$ 20899		R$ 78599	R$ 2477
Number of shares or units held			5,078,888		5,078,888	5,078,888
Interest in share capital - % in joint ventures			33%		33%	33%
Connect car [member]
Disclosure of joint ventures [line items]
Net revenue	[2]					R$ 60436
Costs, operating expenses and income	[2]					(97,095)
Finance income (costs), income and social contribution taxes	[2]					497
Net income (loss) for the year	[2]					R$ 36162
Number of shares or units held	[2]					263,768,000
Interest in share capital - % in joint ventures	[2]					50%
Química da Bahia [Member]
Disclosure of joint ventures [line items]
Current assets			R$ 331		R$ 382
Non-current assets			9,734		9,767
Current liabilities			0		0
Non-current liabilities			3,109		3,109
Equity			6,956	[3]	7,040
Net revenue			0		0
Costs, operating expenses and income			(51)		(15)
Finance income (costs), income and social contribution taxes			(33)		0
Net income (loss) for the year			R$ 84	[3]	R$ 15
Number of shares or units held			1,493,122		1,493,122
Interest in share capital - % in joint ventures		50%	50%	[3]	50%
Latitude Logística [member]
Disclosure of joint ventures [line items]
Current assets			R$ 6262		R$ 9526
Non-current assets			86,273		67,774
Current liabilities			27,309		13,112
Non-current liabilities			53,222		48,912
Equity			12,004	[4]	15,276
Net revenue			12,220		12,722	R$ 5895
Costs, operating expenses and income			(10,565)		(9,864)	(2,591)
Finance income (costs), income and social contribution taxes			(5,723)		(4,574)	(2,118)
Net income (loss) for the year			R$ 4068	[4]	R$ 1716	R$ 1186
Number of shares or units held			9,384,693		9,384,693	4,383,881
Interest in share capital - % in joint ventures			50%	[4]	50%	50%
Navegantes Logística [member]
Disclosure of joint ventures [line items]
Current assets			R$ 5376		R$ 4358
Non-current assets			166,000		179,377
Current liabilities			76,402		40,675
Non-current liabilities			47,464		73,311
Equity			47,510	[4]	69,749
Net revenue			0		0	R$ 0
Costs, operating expenses and income			(12,342)		(11,360)	(1,579)
Finance income (costs), income and social contribution taxes			(10,478)		(8,408)	(7,517)
Net income (loss) for the year			R$ 22820	[4]	R$ 19768	R$ 9096
Number of shares or units held			37,998,195		37,998,195	22,298,195
Interest in share capital - % in joint ventures			33%	[4]	33%	33%
Nordeste Logística I [Member]
Disclosure of joint ventures [line items]
Current assets			R$ 39078		R$ 20604
Non-current assets			49,869		23,146
Current liabilities			44,852		6,183
Non-current liabilities			22,883		18,546
Equity			21,212	[4]	19,021
Net revenue			16,895		20,631	R$ 11625
Costs, operating expenses and income			(8,742)		(7,901)	(3,260)
Finance income (costs), income and social contribution taxes			(1,848)		(3,632)	(3,589)
Net income (loss) for the year			R$ 6305	[4]	R$ 9098	R$ 4776
Number of shares or units held			2,317,921		984,587	681,637
Interest in share capital - % in joint ventures			33%	[4]	33%	33%
Nordeste Logística II [Member]
Disclosure of joint ventures [line items]
Current assets			R$ 19425		R$ 38951
Non-current assets			46,165		40,806
Current liabilities			1,183		10,915
Non-current liabilities			12,758		10,596
Equity			51,649	[4]	58,246
Net revenue			5,264		3,205	R$ 2016
Costs, operating expenses and income			(9,732)		(7,367)	(3,980)
Finance income (costs), income and social contribution taxes			(1,085)		531	(494)
Net income (loss) for the year			R$ 5553	[4]	R$ 3631	R$ 2458
Number of shares or units held			22,393,571		22,393,571	3,933,265
Interest in share capital - % in joint ventures			33%	[4]	33%	33%
Nordeste Logística III [Member]
Disclosure of joint ventures [line items]
Current assets			R$ 23566		R$ 25598
Non-current assets			52,299		49,800
Current liabilities			2,384		7,871
Non-current liabilities			19,468		16,415
Equity			54,013	[4]	51,112
Net revenue			13,324		12,798	R$ 7561
Costs, operating expenses and income			(10,354)		(10,720)	(5,030)
Finance income (costs), income and social contribution taxes			963		(1,280)	(1,765)
Net income (loss) for the year			R$ 3933	[4]	R$ 798	R$ 766
Number of shares or units held			16,977,737		16,977,737	4,871,241
Interest in share capital - % in joint ventures			33%	[4]	33%	33%
Opla
Disclosure of joint ventures [line items]
Current assets			R$ 12844
Non-current assets			177,782
Current liabilities			58,308
Non-current liabilities			24,007
Equity	[5]		108,311
Net revenue			35,117
Costs, operating expenses and income			(20,415)
Finance income (costs), income and social contribution taxes			(6,561)
Net income (loss) for the year	[5]		R$ 8141
Number of shares or units held			33,915,815
Interest in share capital - % in joint ventures	[5]		50%
[1] The subsidiary holds an interest in – . (“ ”), which is primarily engaged in liquid bulk storage at the port of . The balances presented refer to September 30, 2021, due to the completion of the sale of on October 1, 2021. The Company acquired a 50% interest in da Bahia on February 1, 2022. Until January 31, 2022, da Bahia was an associate of S.A. The subsidiary IPP participates in the port concession BEL 02 (PA), through Latitude S.A. (“Latitude”); for the port of (ES), it participates through S.A. (“ ”); in (PB), it holds an interest in I S.A. (" I"), II S.A. (" II”) and III S.A. (“ III”). The subsidiary acquired a 50% interest in on July 1, 2023. For more information, see Note 28

Investments in subsidiaries, _5

Investments in subsidiaries, joint ventures and associates - Summary of Amounts of Balance Sheets and Income Statements of Associates (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of associates [line items]
Current assets	R$ 18648895		R$ 18564600
Non-current assets	19,603,079		17,876,403
Current liabilities	11,229,658		12,766,252
Non-current liabilities	12,992,490		11,499,783
Equity	14,029,826		12,174,968	R$ 10469240	R$ 9910265
Net revenue	126,048,701		143,634,708	109,732,842
Costs, operating expenses and income	(602,865)		(514,522)	96,166
Net income (loss) for the year	2,517,753		1,840,069	883,878
Transportadora sulbrasileira de gas [member]
Disclosure of associates [line items]
Current assets	10,827		8,598
Non-current assets	9,329		10,420
Current liabilities	3,642		2,824
Non-current liabilities	602		601
Equity	15,912	[1]	15,593
Net revenue	16,212		18,250	15,126
Costs, operating expenses and income	(8,145)		(7,593)	(12,691)
Net finance income and income and social contribution taxes	186		76	(226)
Net income (loss) for the year	R$ 8253	[1]	R$ 10733	R$ 2209
Number of shares or units held	20,124,996		20,124,996	20,124,996
Interest in share capital - % in associates	25%	[1]	25%	25%
Oxicap Industria de Gases [member]
Disclosure of associates [line items]
Net revenue				R$ 69611
Costs, operating expenses and income				(68,390)
Net finance income and income and social contribution taxes				(904)
Net income (loss) for the year				R$ 317
Number of shares or units held				1,987
Interest in share capital - % in associates				15%
Quimica da Bahia Industria e Comercio S.A. [member]
Disclosure of associates [line items]
Net revenue				R$ 0
Costs, operating expenses and income				(28)
Net finance income and income and social contribution taxes				0
Net income (loss) for the year				R$ 28
Number of shares or units held				1,493,120
Interest in share capital - % in associates				50%
Metalurgica plus [member]
Disclosure of associates [line items]
Current assets	R$ 5		R$ 6
Non-current assets	0		0
Current liabilities	32		29
Non-current liabilities	742		448
Equity	(769)	[2]	(471)
Net revenue	0		0	R$ 0
Costs, operating expenses and income	(263)		(245)	(239)
Net finance income and income and social contribution taxes	(35)		(69)	(61)
Net income (loss) for the year	R$ 298	[2]	R$ 314	R$ 300
Number of shares or units held	3,000		3,000	3,000
Interest in share capital - % in associates	33%	[2]	33%	33%
Plenogas distribuidora de gas [member]
Disclosure of associates [line items]
Current assets	R$ 828		R$ 617
Non-current assets	1,269		1,949
Current liabilities	218		167
Non-current liabilities	390		555
Equity	1,489	[2]	1,844
Net revenue	0		0	R$ 0
Costs, operating expenses and income	378		356	18
Net finance income and income and social contribution taxes	(2)		(3)	(31)
Net income (loss) for the year	R$ 376	[2]	R$ 353	R$ 13
Number of shares or units held	1,384,308		1,384,308	1,384,308
Interest in share capital - % in associates	33%	[2]	33%	33%
[1] The subsidiary IPP holds an interest in de S.A. (“TSB”), which is primarily engaged in natural gas transportation services. The subsidiary . holds an interest in Plus S.A. (“ ”), which is primarily engaged in the manufacture and trading of LPG containers and has interest in de S.A. (“ ”), which is primarily engaged in the marketing of LPG containers. Currently, the associates have their operational activities suspended.

Investments in subsidiaries, _6

Investments in subsidiaries, joint ventures and associates - Summary of balances and changes in investments in joint ventures and associates (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
Investments in joint ventures and associates at beginning of period	[1]	R$ 111227		R$ 78593	R$ 162620
Share of profit (loss) of subsidiaries, joint ventures and associates		11,908	[2]	12,181	(17,634)
Share of profit (loss) of associates - discontinued operations					48
Equity instrument granted (ii)		899	[3]	0
Accumulated other comprehensive income				267
Dividends		(13,272)		(6,374)	(998)
Valuation adjustments					99
Actuarial gain (loss) of post-employment benefits of subsidiaries, net of income and social contribution taxes				(1,440)	5,723
Capital increase in cash				28,000	30,697
Capital decrease		(3,100)			(6,501)
Other movements		342
Shareholder transactions - changes of interest				0	(966)
Write-off of investment					(78,099)
Reclassification to assets held for sale					(16,396)
Investments in joint ventures and associates at end of period	[1]	318,100		111,227	78,593
Terminal De Combustiveis Paulinia SA Opla Member
Disclosure of associates [line items]
Acquisition of Subsidiary		210,096
Joint ventures [member]
Disclosure of associates [line items]
Investments in joint ventures and associates at beginning of period	[1]	106,843		71,389	137,004
Share of profit (loss) of subsidiaries, joint ventures and associates		9,840	[2]	9,397	(18,068)
Share of profit (loss) of associates - discontinued operations					0
Equity instrument granted (ii)		899	[3]	0
Accumulated other comprehensive income				267
Dividends		(11,072)		(4,298)	0
Valuation adjustments					99
Actuarial gain (loss) of post-employment benefits of subsidiaries, net of income and social contribution taxes				(1,440)	5,723
Capital increase in cash				28,000	30,697
Capital decrease		(3,100)			(5,001)
Other movements		342
Shareholder transactions - changes of interest				3,528	(966)
Write-off of investment					(78,099)
Reclassification to assets held for sale					0
Investments in joint ventures and associates at end of period	[1]	313,848		106,843	71,389
Joint ventures [member] | Terminal De Combustiveis Paulinia SA Opla Member
Disclosure of associates [line items]
Acquisition of Subsidiary		210,096
Associates [member]
Disclosure of associates [line items]
Investments in joint ventures and associates at beginning of period	[1]	4,384		7,204	25,616
Share of profit (loss) of subsidiaries, joint ventures and associates		2,068	[2]	2,784	434
Share of profit (loss) of associates - discontinued operations					48
Equity instrument granted (ii)		0		0
Accumulated other comprehensive income				0
Dividends		(2,200)		(2,076)	(998)
Valuation adjustments					0
Actuarial gain (loss) of post-employment benefits of subsidiaries, net of income and social contribution taxes				0	0
Capital increase in cash				0	0
Capital decrease		0			(1,500)
Other movements		0
Shareholder transactions - changes of interest				(3,528)	0
Write-off of investment					0
Reclassification to assets held for sale					(16,396)
Investments in joint ventures and associates at end of period	[1]	4,252		R$ 4384	R$ 7204
Associates [member] | Terminal De Combustiveis Paulinia SA Opla Member
Disclosure of associates [line items]
Acquisition of Subsidiary		R$ 0
[1] Investments in subsidiaries, joint ventures and associates net of provision for equity deficit. Adjusted for unrealized profits between subsidiaries.

Investments in subsidiaries, _7

Investments in subsidiaries, joint ventures and associates (Details - Textuals) - BRL (R$) R$ in Thousands			12 Months Ended
		Feb. 01, 2022	Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
Disclosure of joint ventures [line items]
Sale value of joint venture after adjustments resulting from changes in working capital and net debt position			R$ 0		R$ 220190	R$ 158733
Quimica da Bahia Industria e Comercio S.A. [member]
Disclosure of joint ventures [line items]
Proportion of ownership interest in joint venture		50%	50%	[1]	50%
Connect car [member]
Disclosure of joint ventures [line items]
Proportion of ownership interest in joint venture	[2]					50%
Opla
Disclosure of joint ventures [line items]
Proportion of ownership interest in joint venture	[3]		50%
Opla | Ultracargo Logística S.A.
Disclosure of joint ventures [line items]
Percentage of equity interest acquired			50%
[1] The Company acquired a 50% interest in da Bahia on February 1, 2022. Until January 31, 2022, da Bahia was an associate of S.A. The balances presented refer to September 30, 2021, due to the completion of the sale of on October 1, 2021. The subsidiary acquired a 50% interest in on July 1, 2023. For more information, see Note 28

Investments in subsidiaries, _8

Investments in subsidiaries, joint ventures and associates - Summary of financial position and income of subsidiaries which have relevant non-controlling interests (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financial position and income of subsidiaries which have relevant non-controlling interests
Equity attributed to non-controlling participation	R$ 523331	R$ 466227
Income allocated to non-controlling participation for the year	R$ 77958	R$ 39230	R$ 33415
Iconic Lubrificantes S.A.
Financial position and income of subsidiaries which have relevant non-controlling interests
Proportion of interest in share capital and right votes detained by non-controlling participation	44%	44%
Equity attributed to non-controlling participation	R$ 477710	R$ 446707
Income allocated to non-controlling participation for the year	R$ 72505	R$ 34955
Other investiments
Financial position and income of subsidiaries which have relevant non-controlling interests
Proportion of interest in share capital and right votes detained by non-controlling participation	0%	0%
Equity attributed to non-controlling participation	R$ 45621	R$ 19520
Income allocated to non-controlling participation for the year	R$ 5453	R$ 4275

Right-of-use assets and lease_3

Right-of-use assets and leases payable - Summary of Information About Right of Use Assets (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		R$ 1791377
Amortization of right-of-use assets		305,899		R$ 288419	R$ 260716
Balance at end of period		R$ 1711526		R$ 1791377
Vehicles [member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Weighted average useful life		8 years		9 years	8 years
Equipment [member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Weighted average useful life		11 years		12 years	12 years
Right-of-use assets [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		R$ 1791377		R$ 1651295	R$ 2150286
Additions and remeasurement		277,650	[1]	504,297	296,402
Write-offs		(77,727)		(70,485)	(75,735)
Transfer		(4,491)	[2]	(5,311)	(11,935)
Exchange rate variation					1,837
Amortization of right-of-use assets		(305,900)		(288,419)	(359,506)
Acquisition of subsidiary (iii)	[3]	30,617
Reclassification to assets held for sale					(350,054)
Balance at end of period		1,711,526		1,791,377	1,651,295
Right-of-use assets [member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		2,571,718		2,283,862	2,735,591
Additions and remeasurement		277,650	[1]	504,297	335,359
Write-offs		(239,305)		(216,441)	(166,204)
Transfer		0	[2]	0	0
Exchange rate variation					3,318
Amortization of right-of-use assets		0		0	0
Acquisition of subsidiary (iii)	[3]	40,279
Reclassification to assets held for sale					(624,202)
Balance at end of period		2,650,342		2,571,718	2,283,862
Right-of-use assets [member] | Accumulated amortization [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		(780,341)		(632,567)	(585,305)
Additions and remeasurement		0	[1]	0	0
Write-offs		161,578		145,956	90,469
Transfer		(4,491)	[2]	(5,311)	(11,935)
Exchange rate variation					(1,481)
Amortization of right-of-use assets		(305,900)		(288,419)	(359,506)
Acquisition of subsidiary (iii)	[3]	(9,662)
Reclassification to assets held for sale					235,191
Balance at end of period		R$ 938816		(780,341)	(632,567)
Right-of-use assets [member] | Provision for impairment losses [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period				R$ 0	0
Additions and remeasurement					(38,957)
Write-offs					0
Transfer					0
Exchange rate variation					0
Amortization of right-of-use assets					0
Reclassification to assets held for sale					38,957
Balance at end of period					R$ 0
Right-of-use assets [member] | Real Estate Property [Member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Weighted average useful life		10 years		10 years	10 years
Balance at beginning of period		R$ 2019898		R$ 1793473	R$ 2254432
Additions and remeasurement		140,245	[1]	366,805	257,787
Write-offs		(165,551)		(140,380)	(150,718)
Transfer		0	[2]	0	0
Exchange rate variation					1,295
Amortization of right-of-use assets		0		0	0
Acquisition of subsidiary (iii)	[3]	4,274
Reclassification to assets held for sale					(569,323)
Balance at end of period		1,998,866		2,019,898	1,793,473
Right-of-use assets [member] | Real Estate Property [Member] | Accumulated amortization [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		(634,688)		(489,470)	(481,975)
Additions and remeasurement		0	[1]	0	0
Write-offs		95,896		79,003	76,954
Transfer		(4,491)	[2]	(5,311)	0
Exchange rate variation					(530)
Amortization of right-of-use assets		(209,522)		(218,910)	(283,882)
Acquisition of subsidiary (iii)	[3]	(393)
Reclassification to assets held for sale					199,963
Balance at end of period		R$ 753198		(634,688)	(489,470)
Right-of-use assets [member] | Real Estate Property [Member] | Provision for impairment losses [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period				R$ 0	0
Additions and remeasurement					(38,957)
Write-offs					0
Transfer					0
Exchange rate variation					0
Amortization of right-of-use assets					0
Reclassification to assets held for sale					38,957
Balance at end of period					R$ 0
Right-of-use assets [member] | Port Areas [Member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Weighted average useful life		29 years		29 years	20 years
Balance at beginning of period		R$ 311174		R$ 299630	R$ 268534
Additions and remeasurement		3,790	[1]	11,868	31,096
Write-offs		0		(324)	0
Transfer		0	[2]	0	0
Exchange rate variation					0
Amortization of right-of-use assets		0		0	0
Acquisition of subsidiary (iii)	[3]	0
Reclassification to assets held for sale					0
Balance at end of period		314,964		311,174	299,630
Right-of-use assets [member] | Port Areas [Member] | Accumulated amortization [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		(36,773)		(23,526)	(3,962)
Additions and remeasurement		0	[1]	0	0
Write-offs		0		0	0
Transfer		0	[2]	0	(11,935)
Exchange rate variation					0
Amortization of right-of-use assets		(7,847)		(13,247)	(7,629)
Acquisition of subsidiary (iii)	[3]	0
Reclassification to assets held for sale					0
Balance at end of period		R$ 44620		R$ 36773	R$ 23526
Right-of-use assets [member] | Vehicles [member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Weighted average useful life		4 years		4 years	4 years
Balance at beginning of period		R$ 186455		R$ 146173	R$ 139843
Additions and remeasurement		120,705	[1]	115,666	26,589
Write-offs		(71,781)		(75,384)	(9,315)
Transfer		0	[2]	0	0
Exchange rate variation					103
Amortization of right-of-use assets		0		0	0
Acquisition of subsidiary (iii)	[3]	35,009
Reclassification to assets held for sale					(11,047)
Balance at end of period		270,388		186,455	146,173
Right-of-use assets [member] | Vehicles [member] | Accumulated amortization [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		(83,902)		(98,867)	(63,091)
Additions and remeasurement		0	[1]	0	0
Write-offs		63,708		66,554	7,032
Transfer		0	[2]	0	0
Exchange rate variation					(54)
Amortization of right-of-use assets		(80,661)		(51,589)	(48,146)
Acquisition of subsidiary (iii)	[3]	(9,112)
Reclassification to assets held for sale					5,392
Balance at end of period		R$ 109967		R$ 83902	R$ 98867
Right-of-use assets [member] | Equipment [member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Weighted average useful life		5 years		5 years	6 years
Balance at beginning of period		R$ 26345		R$ 16740	R$ 44936
Additions and remeasurement		12,910	[1]	9,958	19,887
Write-offs		(1,973)		(353)	(6,171)
Transfer		0	[2]	0	0
Exchange rate variation					1,920
Amortization of right-of-use assets		0		0	0
Acquisition of subsidiary (iii)	[3]	996
Reclassification to assets held for sale					(43,832)
Balance at end of period		38,278		26,345	16,740
Right-of-use assets [member] | Equipment [member] | Accumulated amortization [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		(2,850)		(1,834)	(19,619)
Additions and remeasurement		0	[1]	0	0
Write-offs		1,974		399	6,483
Transfer		0	[2]	0	0
Exchange rate variation					(897)
Amortization of right-of-use assets		(4,151)		(1,415)	(17,637)
Acquisition of subsidiary (iii)	[3]	(157)
Reclassification to assets held for sale					29,836
Balance at end of period		R$ 5184		R$ 2850	R$ 1834
Right-of-use assets [member] | Other assets [member] | Cost [member]
Disclosure of quantitative information about right-of-use assets [line items]
Weighted average useful life		20 years		20 years	20 years
Balance at beginning of period		R$ 27846		R$ 27846	R$ 27846
Additions and remeasurement		0	[1]	0	0
Write-offs		0		0	0
Transfer		0	[2]	0	0
Exchange rate variation					0
Amortization of right-of-use assets		0		0	0
Acquisition of subsidiary (iii)	[3]	0
Reclassification to assets held for sale					0
Balance at end of period		27,846		27,846	27,846
Right-of-use assets [member] | Other assets [member] | Accumulated amortization [member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance at beginning of period		(22,128)		(18,870)	(16,658)
Additions and remeasurement		0	[1]	0	0
Write-offs		0		0	0
Transfer		0	[2]	0	0
Exchange rate variation					0
Amortization of right-of-use assets		(3,719)		(3,258)	(2,212)
Acquisition of subsidiary (iii)	[3]	0
Reclassification to assets held for sale					0
Balance at end of period		R$ 25847		R$ 22128	R$ 18870
[1] Considers R$ 257,201 referring to additions and between right-of-use assets and leases payable. Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation. For further information, see Note 28

Right-of-use assets and lease_4

Right-of-use assets and leases payable - Summary of Changes in Lease Payables (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lease liabilities
Beginning balance	R$ 1523769	R$ 1348311	R$ 1833288
Interest accrued	143,005	128,069	147,494
Payments		(357,879)	(440,574)
Payments of lease	(213,527)	(351,011)	(304,975)
Principal payment			(2,922,214)
Interest payment	(742,724)	(914,979)	(749,043)
Interest payment	(145,586)	(6,868)	(15,267)
Additions and remeasurement	257,201	482,439	288,711
Write-offs	(71,569)	(77,171)	(83,157)
Acquisition of subsidiary	30,641
Effect of foreign currency exchange rate variation			16,264
Reclassification to liabilities held for sale			(413,715)
Ending balance	1,523,934	1,523,769	R$ 1348311
Current	311,426	225,034
Non-current	R$ 1212508	R$ 1298735

Right-of-use assets and lease_5

Right-of-use assets and leases payable - Summary of Maturities of Lease Payments of Operating Lease (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of maturity analysis of operating lease payments [line items]
Future disbursements	R$ 2309776	R$ 2404105
Up to 1 year
Disclosure of maturity analysis of operating lease payments [line items]
Future disbursements	418,450	343,792
1 to 2 years
Disclosure of maturity analysis of operating lease payments [line items]
Future disbursements	322,165	319,284
2 to 3 years
Disclosure of maturity analysis of operating lease payments [line items]
Future disbursements	227,785	277,318
3 to 4 years
Disclosure of maturity analysis of operating lease payments [line items]
Future disbursements	189,744	201,227
4 to 5 years
Disclosure of maturity analysis of operating lease payments [line items]
Future disbursements	147,977	173,229
More than 5 years
Disclosure of maturity analysis of operating lease payments [line items]
Future disbursements	R$ 1003655	R$ 1089255

Right-of-use assets and lease_6

Right-of-use assets and leases payable - Summary of weighted average discount rates for the lease payable (Detail)	Dec. 31, 2023
From 1 to 5 years
Disclosure of maturity analysis of operating lease payments [line items]
Weighted average discount rates (% p.a.)	9.40%
From 6 to 10 years [member]
Disclosure of maturity analysis of operating lease payments [line items]
Weighted average discount rates (% p.a.)	9.87%
From 11 to 15 years [member]
Disclosure of maturity analysis of operating lease payments [line items]
Weighted average discount rates (% p.a.)	10.28%
More than 15 years [member]
Disclosure of maturity analysis of operating lease payments [line items]
Weighted average discount rates (% p.a.)	10.42%

Right-of-use assets and lease_7

Right-of-use assets and leases payable - Details about lease contracts of low amount assets (Detail) R$ in Thousands	Dec. 31, 2023 BRL (R$)
Disclosure of maturity analysis of operating lease payments [line items]
Lease payments to be payable	R$ 9565
Up to 1 year
Disclosure of maturity analysis of operating lease payments [line items]
Lease payments to be payable	7,693
Between 1 and 5 years
Disclosure of maturity analysis of operating lease payments [line items]
Lease payments to be payable	1,872
More than 5 years [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Lease payments to be payable	R$ 0

Right-of-use assets and lease_8

Right-of-use assets and leases payable - Additional Information (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Right-of-use assets and leases payable
Expense relating to leases of low-value assets	R$ 7794	R$ 18466	R$ 13524
Additions and remeasurements between right-of-use assets and leases payable	R$ 257201	R$ 482439	R$ 227977

Property, Plant,and Equipment -

Property, Plant,and Equipment - Balances and changes in property, plant, and equipment beginning and ending (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		R$ 5862413		R$ 5534591		R$ 8005860
Property, plant, and equipment, additions		1,116,727		961,965		1,257,120
Property, plant, and equipment, depreciation		(644,238)		(580,835)		(829,804)
Property, plant, and equipment, transfer		3,405	[1]	6,381	[2]	11,766	[3],[4]
Property, plant, and equipment, write-offs and disposals		(76,664)		(60,202)		(67,833)
Property, plant, and equipment, exchange rate variation						99,386
Property, plant, and equipment, reclassified to assets held for sale	[3]					(2,941,904)
Property, plant, and equipment, Business acquisition		125,938		513
Property, plant, and equipment, ending		6,387,581		5,862,413		5,534,591
Right-of-use assets [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, transfer		4,491		5,311		11,935
Intangible assets
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, transfer		1,086		1,070		169
Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		12,184,709		11,517,704		16,197,396
Property, plant, and equipment, additions		1,116,816		962,004		1,318,332
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		3,405	[1]	6,381	[2]	11,554	[3],[4]
Property, plant, and equipment, write-offs and disposals		(316,761)		(301,944)		(225,285)
Property, plant, and equipment, exchange rate variation						129,266
Property, plant, and equipment, reclassified to assets held for sale	[3]					(5,913,559)
Property, plant, and equipment, Business acquisition		179,151		564
Property, plant, and equipment, ending		13,167,320		12,184,709		11,517,704
Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(6,320,532)		(5,981,614)		(8,188,289)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(644,238)		(580,835)		(829,804)
Property, plant, and equipment, transfer		0	[1]	0	[2]	212	[3],[4]
Property, plant, and equipment, write-offs and disposals		239,715		241,968		157,419
Property, plant, and equipment, exchange rate variation						(29,832)
Property, plant, and equipment, reclassified to assets held for sale	[3]					2,908,680
Property, plant, and equipment, Business acquisition		(53,213)		(51)
Property, plant, and equipment, ending		(6,778,268)		(6,320,532)		(5,981,614)
Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(1,764)		(1,499)		(3,247)
Property, plant, and equipment, additions		(89)		(39)		(61,212)
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		0	[1]	0	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		382		226		33
Property, plant, and equipment, exchange rate variation						(48)
Property, plant, and equipment, reclassified to assets held for sale	[3]					62,975
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		(1,471)		(1,764)		(1,499)
Land [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		619,116		610,294		687,108
Property, plant, and equipment, additions		1,053		0		2,424
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		3,316	[1]	23,539	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		(16,369)		(14,717)		(17,503)
Property, plant, and equipment, exchange rate variation						3,416
Property, plant, and equipment, reclassified to assets held for sale	[3]					(65,151)
Property, plant, and equipment, Business acquisition		36		0
Property, plant, and equipment, ending		607,152		619,116		610,294
Land [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(146)		(146)		(146)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		0	[1]	0	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		0		0		0
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					0
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		R$ 146		R$ 146		R$ 146
Buildings [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		36 years		32 years		33 years
Property, plant, and equipment, beginning		R$ 1532506		R$ 1486721		R$ 2154710
Property, plant, and equipment, additions		27,100		20,020		47,920
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		198,398	[1]	73,744	[2]	119,748	[3],[4]
Property, plant, and equipment, write-offs and disposals		(111,899)		(47,979)		(34,925)
Property, plant, and equipment, exchange rate variation						26,997
Property, plant, and equipment, reclassified to assets held for sale	[3]					(827,729)
Property, plant, and equipment, Business acquisition		891		0
Property, plant, and equipment, ending		1,646,996		1,532,506		1,486,721
Buildings [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(591,812)		(585,846)		(851,397)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(46,187)		(42,195)		(68,388)
Property, plant, and equipment, transfer		0	[1]	0	[2]	(94)	[3],[4]
Property, plant, and equipment, write-offs and disposals		101,919		36,229		23,031
Property, plant, and equipment, exchange rate variation						(6,872)
Property, plant, and equipment, reclassified to assets held for sale	[3]					317,874
Property, plant, and equipment, Business acquisition		(438)		0
Property, plant, and equipment, ending		(536,518)		(591,812)		R$ 585846
Buildings [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		0
Property, plant, and equipment, additions		(21)
Property, plant, and equipment, depreciation		0
Property, plant, and equipment, transfer	[1]	0
Property, plant, and equipment, write-offs and disposals		4
Property, plant, and equipment, Business acquisition		0
Property, plant, and equipment, ending		R$ 17		R$ 0
Leasehold improvements [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		11 years		13 years		10 years
Property, plant, and equipment, beginning		R$ 1169326		R$ 1056179		R$ 1222822
Property, plant, and equipment, additions		30,348		40,685		21,944
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		90,557	[1]	82,317	[2]	136,206	[3],[4]
Property, plant, and equipment, write-offs and disposals		(12,458)		(9,855)		(31,587)
Property, plant, and equipment, exchange rate variation						30
Property, plant, and equipment, reclassified to assets held for sale	[3]					(293,236)
Property, plant, and equipment, Business acquisition		15,225		0
Property, plant, and equipment, ending		1,292,998		1,169,326		1,056,179
Leasehold improvements [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(618,256)		(573,553)		(689,161)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(71,139)		(58,172)		(81,976)
Property, plant, and equipment, transfer		0	[1]	606	[2]	81	[3],[4]
Property, plant, and equipment, write-offs and disposals		8,858		12,863		27,519
Property, plant, and equipment, exchange rate variation						(37)
Property, plant, and equipment, reclassified to assets held for sale	[3]					170,021
Property, plant, and equipment, Business acquisition		(2,650)		0
Property, plant, and equipment, ending		(683,187)		(618,256)		(573,553)
Leasehold improvements [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(30)		(18)		(61)
Property, plant, and equipment, additions		(11)		(12)		(43,666)
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		0	[1]	0	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		30		0		0
Property, plant, and equipment, exchange rate variation						(3)
Property, plant, and equipment, reclassified to assets held for sale	[3]					43,712
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		R$ 11		R$ 30		R$ 18
Machinery [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		11 years		12 years		12 years
Property, plant, and equipment, beginning		R$ 3186759		R$ 3024577		R$ 6498362
Property, plant, and equipment, additions		111,726		99,477		161,071
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		133,554	[1]	70,150	[2]	558,197	[3],[4]
Property, plant, and equipment, write-offs and disposals		(14,634)		(7,518)		(13,811)
Property, plant, and equipment, exchange rate variation						93,412
Property, plant, and equipment, reclassified to assets held for sale	[3]					(4,272,654)
Property, plant, and equipment, Business acquisition		112,779		73
Property, plant, and equipment, ending		R$ 3530184		R$ 3186759		R$ 3024577
Machinery [member] | Gross carrying amount [member] | Right-of-use assets [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		5 years		5 years		6 years
Machinery [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		R$ 1926954		R$ 1758401		R$ 3598304
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(194,666)		(175,567)		(356,637)
Property, plant, and equipment, transfer		0	[1]	0	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		13,499		7,024		11,717
Property, plant, and equipment, exchange rate variation						(21,651)
Property, plant, and equipment, reclassified to assets held for sale	[3]					2,206,474
Property, plant, and equipment, Business acquisition		(39,721)		(10)
Property, plant, and equipment, ending		(2,147,842)		(1,926,954)		(1,758,401)
Machinery [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(1,566)		(1,289)		(2,857)
Property, plant, and equipment, additions		(57)		(27)		(839)
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		0	[1]	0	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		328		250		6
Property, plant, and equipment, exchange rate variation						(45)
Property, plant, and equipment, reclassified to assets held for sale	[3]					2,446
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		R$ 1295		R$ 1566		R$ 1289
Automotive fuel/lubricant distribution equipment and facilities [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		13 years		13 years		13 years
Property, plant, and equipment, beginning		R$ 3213123		R$ 3245586		R$ 3169320
Property, plant, and equipment, additions		86,714		96,208		88,112
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		143,010	[1]	12,680	[2]	33,794	[3],[4]
Property, plant, and equipment, write-offs and disposals		(92,744)		(141,351)		(45,640)
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					0
Property, plant, and equipment, Business acquisition		11,534		0
Property, plant, and equipment, ending		3,361,637		3,213,123		3,245,586
Automotive fuel/lubricant distribution equipment and facilities [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(2,113,657)		(2,050,533)		(1,906,953)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(181,233)		(175,899)		(178,110)
Property, plant, and equipment, transfer		0	[1]	(3)	[2]	(311)	[3],[4]
Property, plant, and equipment, write-offs and disposals		60,982		112,778		34,841
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					0
Property, plant, and equipment, Business acquisition		(4,935)		0
Property, plant, and equipment, ending		(2,238,843)		(2,113,657)		(2,050,533)
Automotive fuel/lubricant distribution equipment and facilities [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(22)		(46)		(73)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		0	[1]	0	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		20		24		27
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					0
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		R$ 2		R$ 22		R$ 46
LPG tanks and bottles [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		8 years		9 years		9 years
Property, plant, and equipment, beginning		R$ 920287		R$ 840931		R$ 776479
Property, plant, and equipment, additions		129,567		94,356		91,842
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		431	[1]	0	[2]	1,567	[3],[4]
Property, plant, and equipment, write-offs and disposals		(43,887)		(15,000)		(28,957)
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					0
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		1,006,398		920,287		840,931
LPG tanks and bottles [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(557,260)		(498,310)		(454,651)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(83,777)		(69,860)		(62,558)
Property, plant, and equipment, transfer		0	[1]	0	[2]	0	[3],[4]
Property, plant, and equipment, write-offs and disposals		35,739		10,910		18,899
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					0
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		R$ 605298		R$ 557260		R$ 498310
Vehicles [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		8 years		9 years		8 years
Property, plant, and equipment, beginning		R$ 325094		R$ 288239		R$ 310836
Property, plant, and equipment, additions		24,661		33,452		19,054
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		1,351	[1]	8,050	[2]	11,634	[3],[4]
Property, plant, and equipment, write-offs and disposals		(9,473)		(4,647)		(25,949)
Property, plant, and equipment, exchange rate variation						82
Property, plant, and equipment, reclassified to assets held for sale	[3]					(27,418)
Property, plant, and equipment, Business acquisition		29,801		0
Property, plant, and equipment, ending		R$ 371434		R$ 325094		R$ 288239
Vehicles [member] | Gross carrying amount [member] | Right-of-use assets [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		4 years		4 years		4 years
Vehicles [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		R$ 154177		R$ 133149		R$ 143854
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(29,483)		(23,713)		(22,927)
Property, plant, and equipment, transfer		0	[1]	0	[2]	195	[3],[4]
Property, plant, and equipment, write-offs and disposals		5,608		2,685		15,480
Property, plant, and equipment, exchange rate variation						(20)
Property, plant, and equipment, reclassified to assets held for sale	[3]					17,977
Property, plant, and equipment, Business acquisition		(3,459)		0
Property, plant, and equipment, ending		R$ 181511		(154,177)		(133,149)
Vehicles [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning				R$ 0		0
Property, plant, and equipment, additions						(160)
Property, plant, and equipment, depreciation						0
Property, plant, and equipment, transfer	[3],[4]					0
Property, plant, and equipment, write-offs and disposals						0
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					160
Property, plant, and equipment, ending						R$ 0
Furniture [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		9 years		9 years		8 years
Property, plant, and equipment, beginning		R$ 201708		R$ 168092		R$ 316712
Property, plant, and equipment, additions		12,326		34,905		33,644
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		1,649	[1]	5,140	[2]	2,277	[3],[4]
Property, plant, and equipment, write-offs and disposals		(4,547)		(6,531)		(14,614)
Property, plant, and equipment, exchange rate variation						1,296
Property, plant, and equipment, reclassified to assets held for sale	[3]					(171,223)
Property, plant, and equipment, Business acquisition		1,504		102
Property, plant, and equipment, ending		212,640		201,708		168,092
Furniture [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(118,438)		(112,288)		(191,713)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(14,032)		(11,496)		(23,594)
Property, plant, and equipment, transfer		0	[1]	(603)	[2]	24	[3],[4]
Property, plant, and equipment, write-offs and disposals		3,052		5,953		14,443
Property, plant, and equipment, exchange rate variation						(817)
Property, plant, and equipment, reclassified to assets held for sale	[3]					89,369
Property, plant, and equipment, Business acquisition		(699)		(4)
Property, plant, and equipment, ending		R$ 130117		(118,438)		(112,288)
Furniture [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning				R$ 0		0
Property, plant, and equipment, additions						(14,887)
Property, plant, and equipment, depreciation						0
Property, plant, and equipment, transfer	[3],[4]					0
Property, plant, and equipment, write-offs and disposals						0
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					14,887
Property, plant, and equipment, ending						R$ 0
IT equipment [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, weighted average useful life		5 years		5 years		5 years
Property, plant, and equipment, beginning		R$ 303023		R$ 330375		R$ 444844
Property, plant, and equipment, additions		19,787		24,069		28,350
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		4,516	[1]	2,053	[2]	901	[3],[4]
Property, plant, and equipment, write-offs and disposals		(10,750)		(53,863)		(11,998)
Property, plant, and equipment, exchange rate variation						705
Property, plant, and equipment, reclassified to assets held for sale	[3]					(132,427)
Property, plant, and equipment, Business acquisition		2,145		389
Property, plant, and equipment, ending		318,721		303,023		330,375
IT equipment [member] | Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		(239,978)		(269,534)		(352,256)
Property, plant, and equipment, additions		0		0		0
Property, plant, and equipment, depreciation		(23,721)		(23,933)		(35,614)
Property, plant, and equipment, transfer		0	[1]	0	[2]	317	[3],[4]
Property, plant, and equipment, write-offs and disposals		10,058		53,526		11,489
Property, plant, and equipment, exchange rate variation						(435)
Property, plant, and equipment, reclassified to assets held for sale	[3]					106,965
Property, plant, and equipment, Business acquisition		(1,311)		(37)
Property, plant, and equipment, ending		(254,952)		(239,978)		(269,534)
IT equipment [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning				0		0
Property, plant, and equipment, additions						(1,660)
Property, plant, and equipment, depreciation						0
Property, plant, and equipment, transfer	[3],[4]					0
Property, plant, and equipment, write-offs and disposals						0
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					1,660
Property, plant, and equipment, ending						0
Construction in progress [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		694,726		452,248	[5]	580,695	[5]
Property, plant, and equipment, additions		650,828		482,043		797,674	[5]
Property, plant, and equipment, depreciation		0		0		0	[5]
Property, plant, and equipment, transfer		(567,114)	[1]	(239,082)	[2]	(829,245)	[4],[5]
Property, plant, and equipment, write-offs and disposals		0		(483)		(301)	[5]
Property, plant, and equipment, exchange rate variation	[5]					3,290
Property, plant, and equipment, reclassified to assets held for sale	[3],[5]					(99,865)
Property, plant, and equipment, Business acquisition		5,056		0
Property, plant, and equipment, ending		783,496		694,726		452,248	[5]
Advances to suppliers [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		18,139		14,281		34,642
Property, plant, and equipment, additions		20,501		35,887		21,985
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		(6,263)	[1]	(32,029)	[2]	(18,894)	[3],[4]
Property, plant, and equipment, write-offs and disposals		0		0		0
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					(23,452)
Property, plant, and equipment, Business acquisition		180		0
Property, plant, and equipment, ending		32,557		18,139		14,281
Advances to suppliers [member] | Provision for losses and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning				0		(110)
Property, plant, and equipment, additions						0
Property, plant, and equipment, depreciation						0
Property, plant, and equipment, transfer	[3],[4]					0
Property, plant, and equipment, write-offs and disposals						0
Property, plant, and equipment, exchange rate variation						0
Property, plant, and equipment, reclassified to assets held for sale	[3]					110
Property, plant, and equipment, ending						0
Imports in progress [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant, and equipment, beginning		902		181		866
Property, plant, and equipment, additions		2,205		902		4,312
Property, plant, and equipment, depreciation		0		0		0
Property, plant, and equipment, transfer		0	[1]	(181)	[2]	(4,631)	[3],[4]
Property, plant, and equipment, write-offs and disposals		0		0		0
Property, plant, and equipment, exchange rate variation						38
Property, plant, and equipment, reclassified to assets held for sale	[3]					(404)
Property, plant, and equipment, Business acquisition		0		0
Property, plant, and equipment, ending		R$ 3107		R$ 902		R$ 181
[1]Refers to R$ 1,086 transferred to intangible assets and R$ 4,491 transferred from right-of-use assets.[2]Refers to R$ 1,070 transferred from intangible assets and R$ 5,311 transferred from right-of-use assets.[3]For further information, see Note 4

Intangible Assets - Balance and

Intangible Assets - Balance and changes in intangible assets (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		R$ 1918349		R$ 1471256		R$ 1782655
Intangible assets, additions		1,053,577		1,013,408		318,335
Intangible assets, amortization		(204,656)		(158,069)		(212,222)
Intangible assets, transfer		1,086	[1]	(1,070)	[2]	169	[3]
Intangible assets, write-offs and disposals		(300,669)		(403,625)		(177,334)
Intangible assets, exchange rate variation		(3,344)		(3,551)		4,923
Intangible assets, reclassification to assets held for sale	[4]					(245,270)
Intangible assets opening balance TEAS		89,574
Intangible assets, ending balance		2,553,917		1,918,349		1,471,256
Cost [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		2,744,377		2,264,080		3,388,802
Intangible assets, additions		1,053,577		1,013,408		462,826
Intangible assets, amortization		0		0		0
Intangible assets, transfer		1,086	[1]	(1,070)	[2]	372	[3]
Intangible assets, write-offs and disposals		(380,392)		(528,490)		(196,663)
Intangible assets, exchange rate variation		(3,344)		(3,551)		6,491
Intangible assets, reclassification to assets held for sale	[4]					(1,397,748)
Intangible assets opening balance TEAS		95,696
Intangible assets, ending balance		3,511,000		2,744,377		2,264,080
Cost [member] | Goodwill [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		917,775		818,096		1,525,088
Intangible assets, additions		0		99,679		0
Intangible assets, amortization		0		0		0
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		0		0		0
Intangible assets, exchange rate variation		0		0		0
Intangible assets, reclassification to assets held for sale	[4]					(706,992)
Intangible assets opening balance TEAS		25,350
Intangible assets, ending balance		R$ 943125		R$ 917775		R$ 818096
Cost [member] | Software [member]
Disclosure of detailed information about intangible assets [line items]
Weighted average useful life (years)		5 years		5 years		4 years
Intangible assets, beginning		R$ 1299088		R$ 1146980		R$ 1395046
Intangible assets, additions		273,310		277,600		284,311
Intangible assets, amortization		0		0		0
Intangible assets, transfer		1,086	[1]	173	[2]	372	[3]
Intangible assets, write-offs and disposals		(79,909)		(125,665)		(19,826)
Intangible assets, exchange rate variation		0		0		1,808
Intangible assets, reclassification to assets held for sale	[4]					(514,731)
Intangible assets opening balance TEAS		10,026
Intangible assets, ending balance		R$ 1503601		1,299,088		1,146,980
Cost [member] | Technology [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning				R$ 0		32,617
Intangible assets, additions						0
Intangible assets, amortization						0
Intangible assets, transfer	[3]					0
Intangible assets, write-offs and disposals						0
Intangible assets, exchange rate variation						0
Intangible assets, reclassification to assets held for sale	[4]					(32,617)
Intangible assets, ending balance						R$ 0
Cost [member] | Distribution rights asset [member]
Disclosure of detailed information about intangible assets [line items]
Weighted average useful life (years)		15 years		12 years		12 years
Intangible assets, beginning		R$ 114593		R$ 114593		R$ 133599
Intangible assets, additions		1,357		0		0
Intangible assets, amortization		0		0		0
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		0		0		0
Intangible assets, exchange rate variation		0		0		0
Intangible assets, reclassification to assets held for sale	[4]					(19,006)
Intangible assets opening balance TEAS		39,224
Intangible assets, ending balance		155,174		114,593		114,593
Cost [member] | Brands [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		65,647		69,198		136,962
Intangible assets, additions		0		0		0
Intangible assets, amortization		0		0		0
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		0		0		0
Intangible assets, exchange rate variation		(3,344)		(3,551)		4,759
Intangible assets, reclassification to assets held for sale	[4]					(72,523)
Intangible assets opening balance TEAS		0
Intangible assets, ending balance		R$ 62303		R$ 65647		R$ 69198
Cost [member] | Trademark rights [member]
Disclosure of detailed information about intangible assets [line items]
Weighted average useful life (years)		30 years		39 years		39 years
Intangible assets, beginning		R$ 114792		R$ 114792		R$ 114792
Intangible assets, additions		25		0		0
Intangible assets, amortization		0		0		0
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		0		0		0
Intangible assets, exchange rate variation		0		0		0
Intangible assets, reclassification to assets held for sale	[4]					0
Intangible assets opening balance TEAS		6,143
Intangible assets, ending balance		R$ 120960		R$ 114792		R$ 114792
Cost [member] | Others [member]
Disclosure of detailed information about intangible assets [line items]
Weighted average useful life (years)		3 years		10 years		10 years
Intangible assets, beginning		R$ 177		R$ 421		R$ 50698
Intangible assets, additions		0		999		1,678
Intangible assets, amortization		0		0		0
Intangible assets, transfer		0	[1]	(1,243)	[2]	0	[3]
Intangible assets, write-offs and disposals		(3)		0		0
Intangible assets, exchange rate variation		0		0		(76)
Intangible assets, reclassification to assets held for sale	[4]					(51,879)
Intangible assets opening balance TEAS		14,953
Intangible assets, ending balance		15,127		177		421
Cost [member] | Decarbonization credits (CBIO) [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		232,305		0		0
Intangible assets, additions		778,885		635,130		176,837
Intangible assets, amortization		0		0		0
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		(300,480)		(402,825)		(176,837)
Intangible assets, exchange rate variation		0		0		0
Intangible assets, reclassification to assets held for sale	[4]					0
Intangible assets opening balance TEAS		0
Intangible assets, ending balance		710,710		232,305		0
Accumulated amortization [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		(826,028)		(792,824)		(1,012,867)
Intangible assets, additions		0		0		0
Intangible assets, amortization		(204,656)		(158,069)		(212,222)
Intangible assets, transfer		0	[1]	0	[2]	(203)	[3]
Intangible assets, write-offs and disposals		79,723		124,865		19,329
Intangible assets, exchange rate variation		0		0		(1,568)
Intangible assets, reclassification to assets held for sale	[4]					414,707
Intangible assets opening balance TEAS		(6,122)
Intangible assets, ending balance		(957,083)		(826,028)		(792,824)
Accumulated amortization [member] | Software [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		(708,659)		(679,402)		(825,024)
Intangible assets, additions		0		0		0
Intangible assets, amortization		(192,976)		(154,122)		(206,025)
Intangible assets, transfer		0	[1]	0	[2]	(203)	[3]
Intangible assets, write-offs and disposals		79,720		124,865		19,329
Intangible assets, exchange rate variation		0		0		(1,566)
Intangible assets, reclassification to assets held for sale	[4]					334,087
Intangible assets opening balance TEAS		(4,858)
Intangible assets, ending balance		(826,773)		(708,659)		(679,402)
Accumulated amortization [member] | Technology [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		0		0		(32,616)
Intangible assets, additions				0		0
Intangible assets, amortization				0		0
Intangible assets, transfer				0	[2]	0	[3]
Intangible assets, write-offs and disposals				0		0
Intangible assets, exchange rate variation				0		0
Intangible assets, reclassification to assets held for sale	[4]					32,616
Intangible assets, ending balance				0		0
Accumulated amortization [member] | Distribution rights asset [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		(102,037)		(101,027)		(113,326)
Intangible assets, additions		0		0		0
Intangible assets, amortization		(2,956)		(1,010)		(3,093)
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		0		0		0
Intangible assets, exchange rate variation		0		0		0
Intangible assets, reclassification to assets held for sale	[4]					15,392
Intangible assets opening balance TEAS		(1,152)
Intangible assets, ending balance		(106,145)		(102,037)		(101,027)
Accumulated amortization [member] | Trademark rights [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		(14,930)		(11,993)		(9,056)
Intangible assets, additions		0		0		0
Intangible assets, amortization		(3,889)		(2,937)		(2,937)
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		0		0		0
Intangible assets, exchange rate variation		0		0		0
Intangible assets, reclassification to assets held for sale	[4]					0
Intangible assets opening balance TEAS		(112)
Intangible assets, ending balance		(18,931)		(14,930)		(11,993)
Accumulated amortization [member] | Others [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning		(402)		(402)		(32,845)
Intangible assets, additions		0		0		0
Intangible assets, amortization		(4,835)		0		(167)
Intangible assets, transfer		0	[1]	0	[2]	0	[3]
Intangible assets, write-offs and disposals		3		0		0
Intangible assets, exchange rate variation		0		0		(2)
Intangible assets, reclassification to assets held for sale	[4]					32,612
Intangible assets opening balance TEAS		0
Intangible assets, ending balance		R$ 5234		(402)		(402)
Provision for losses and impairment [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning				0		(593,280)
Intangible assets, additions						(144,491)
Intangible assets, amortization						0
Intangible assets, transfer	[3]					0
Intangible assets, write-offs and disposals						0
Intangible assets, exchange rate variation						0
Intangible assets, reclassification to assets held for sale	[4]					737,771
Intangible assets, ending balance						0
Provision for losses and impairment [member] | Goodwill [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning				0		(593,280)
Intangible assets, additions						(68,273)
Intangible assets, amortization						0
Intangible assets, transfer	[3]					0
Intangible assets, write-offs and disposals						0
Intangible assets, exchange rate variation						0
Intangible assets, reclassification to assets held for sale	[4]					661,553
Intangible assets, ending balance						0
Provision for losses and impairment [member] | Distribution rights asset [member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets, beginning				R$ 0		0
Intangible assets, additions						(76,218)
Intangible assets, amortization						0
Intangible assets, transfer	[3]					0
Intangible assets, write-offs and disposals						0
Intangible assets, exchange rate variation						0
Intangible assets, reclassification to assets held for sale	[4]					76,218
Intangible assets, ending balance						R$ 0
[1]Refers to R$ 1,086 transferred from property, plant and equipment.[2]Refers to R$ 1,070 transferred to property, plant and equipment[3]Refers to amounts transferred from property, plant and equipment.[4]For further information, see Note 29

Intangible Assets - Transfer to

Intangible Assets - Transfer to property, plant and equipment (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Intangible assets, transfer	R$ 1086	[1]	R$ 1070	[2]	R$ 169	[3]
[1]Refers to R$ 1,086 transferred from property, plant and equipment.[2]Refers to R$ 1,070 transferred to property, plant and equipment[3]Refers to amounts transferred from property, plant and equipment.

Intangible Assets - Balances of

Intangible Assets - Balances of goodwill (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill		R$ 943125	R$ 917775
Ipiranga [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment	[1]	Ipiranga
Goodwill	[1]	R$ 276724	276,724
Uniao Terminais [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ultracargo
Goodwill		R$ 211089	211,089
Texaco [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ipiranga
Goodwill		R$ 177759	177,759
Iconic (CBLSA)[member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ipiranga
Goodwill		R$ 69807	69,807
Temmar [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ultracargo
Goodwill		R$ 43781	43,781
DNP [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ipiranga
Goodwill		R$ 24736	24,736
Neogás [Member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ultragaz
Goodwill		R$ 7761	0
Repsol [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ultragaz
Goodwill		R$ 13403	13,403
Stella [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment	[2]	Ultragaz
Goodwill	[2]	R$ 103051	99,679
Serra Diesel
Disclosure of reconciliation of changes in goodwill [line items]
Segment		Ultrapar
Goodwill		R$ 14217	0
TEAS Terminal Exportador de Alcool de Santos Ltda. [member]
Disclosure of reconciliation of changes in goodwill [line items]
Segment	[3]	Ultracargo
Goodwill	[3]	R$ 797	R$ 797
[1]Including R$ 246,163 presented as goodwill at the Parent.[2]For further information, see Notes 28.a and 28.b[3]On April 27, 2023, the Company was merged into Ultracargo Logística S.A.

Intangible Assets - Balances _2

Intangible Assets - Balances of goodwill (Parenthetical) (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	R$ 943125	R$ 917775
Parent Company [Member]
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	R$ 246163

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Period of evaluation	5 years
Provision for decarbonization credit	R$ 741982	R$ 272969
Software [member]
Disclosure of detailed information about intangible assets [line items]
Software in progress	R$ 11200	R$ 18673	R$ 27672
Bottom of range [member]
Disclosure of detailed information about intangible assets [line items]
Nominal discount rate	10.10%
Real growth rate	0%
Top of range [member]
Disclosure of detailed information about intangible assets [line items]
Nominal discount rate	11.10%
Real growth rate	0.50%

Loans, financing, debentures _3

Loans, financing, debentures and derivative financial instruments - Summary of Compostion of loans (Detail) - BRL (R$) R$ in Thousands			12 Months Ended
		Mar. 06, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date		March 6,2025
Foreign currency - denominated loans			R$ 5278791	R$ 5190156
Brazilian Real - denominated loans			5,862,492	6,035,893
Total foreign currency and Brazilian Reais			11,141,283	11,226,049
Derivative financial instruments	[1]		626,734	524,312
Total			11,768,017	11,750,361	R$ 16377643	R$ 17376216
Current			1,993,254	3,360,677
Non-current			R$ 9774763	8,389,684
Loan 1 [member]
Disclosure of detailed information about borrowings [line items]
Description			Notes in the foreign market
Index/Currency			USD
Average financial charges			5.30%
Borrowings, maturity date			2026 and 2029
Foreign currency - denominated loans			R$ 3694339	3,973,816
Loan 2 [member]
Disclosure of detailed information about borrowings [line items]
Description			Foreign loan
Index/Currency			USD
Average financial charges			4.60%
Borrowings, maturity date			2024 and 2025
Foreign currency - denominated loans			R$ 1018429	1,161,798
Loan 3 [member]
Disclosure of detailed information about borrowings [line items]
Description			Foreign loan
Index/Currency			JPY
Average financial charges			1.30%
Borrowings, maturity date			2025
Foreign currency - denominated loans			R$ 439852	0
Loan 4 [member]
Disclosure of detailed information about borrowings [line items]
Description			Foreign loan
Index/Currency			EUR
Average financial charges			4.40%
Borrowings, maturity date			2024
Foreign currency - denominated loans			R$ 126171	54,542
Loan 5 [member]
Disclosure of detailed information about borrowings [line items]
Description			Debentures – CRA
Index/Currency			IPCA +
Average financial charges			5.10%
Borrowings, maturity date			2024 and 2032
Brazilian Real - denominated loans			R$ 3434287	3,011,462
Loan 6 [member]
Disclosure of detailed information about borrowings [line items]
Description			Debentures – CRA
Index/Currency			%DI
Average financial charges			97.50%
Borrowings, maturity date			2023
Brazilian Real - denominated loans			R$ 0	660,485
Loan 7 [member]
Disclosure of detailed information about borrowings [line items]
Description			Debentures - Ultracargo
Index/Currency			IPCA +
Average financial charges			4.10%
Borrowings, maturity date			2028
Brazilian Real - denominated loans			R$ 556677	482,185
Loan 8 [member]
Disclosure of detailed information about borrowings [line items]
Description			CCB
Index/Currency			%DI
Average financial charges			109.40%
Borrowings, maturity date			2025
Brazilian Real - denominated loans			R$ 552407	0
Loan 9 [member]
Disclosure of detailed information about borrowings [line items]
Description			Debentures – CRA
Index/Currency			Fixed rate
Average financial charges			11.20%
Borrowings, maturity date			2027
Brazilian Real - denominated loans			R$ 539914	0
Loan 10 [member]
Disclosure of detailed information about borrowings [line items]
Description			Debentures – CRA
Index/Currency			DI+
Average financial charges			0.70%
Borrowings, maturity date			2027
Brazilian Real - denominated loans			R$ 488269	0
Loan 11 [member]
Disclosure of detailed information about borrowings [line items]
Description			CDCA
Index/Currency			% DI
Average financial charges			108.60%
Borrowings, maturity date			2024
Brazilian Real - denominated loans			R$ 201848	0
Loan 12 [member]
Disclosure of detailed information about borrowings [line items]
Description			Debentures – Ultracargo Logística
Index/Currency			Fixed rate
Average financial charges			6.50%
Borrowings, maturity date			2024
Brazilian Real - denominated loans			R$ 87826	81,548
Loan 13 [member]
Disclosure of detailed information about borrowings [line items]
Description			FINEP
Index/Currency	[2]		TJLP
Average financial charges			1%
Borrowings, maturity date			2024 and 2026
Brazilian Real - denominated loans			R$ 1264	0
Loan 14 [member]
Disclosure of detailed information about borrowings [line items]
Description			Debentures - 6th issuance
Index/Currency			%DI
Average financial charges			0%
Borrowings, maturity date			2023
Brazilian Real - denominated loans			R$ 0	R$ 1800213
[1] Accumulated losses (see Note 26 .g). TJLP (Long-term Interest Rate) = set by the National Monetary Council, the TJLP is the basic financing cost of Banco de e Social (“BNDES”), the Brazilian Development Bank. On December 31, 2023, TJLP was fixed at % p.a. (7.20% p.a in 2022 and 5.32% p.a in 2021).

Loans, financing, debentures _4

Loans, financing, debentures and derivative financial instruments - Summary of Changes in Loans, Debentures and Finance Leases (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans, financing, debentures and derivative financial instruments
Loans, debentures and finance leases, beginning	R$ 11750361	R$ 16377643	R$ 17376216
New loans and debentures with cash effect	2,903,031	1,519,580	1,462,220
Interest accrued	761,052	945,023	801,102
Principal payment			(2,922,214)
Interest payment	(742,724)	(914,979)	(749,043)
Repayments	(3,149,525)	(5,848,611)	(2,426,222)
Balance of acquired company	111,328
Monetary and exchange rate variation	(319,488)	(587,064)	800,749
Change in fair value	351,560	(68,366)	(229,657)
Hedge result	102,422	327,135	80,018
Reclassification to liabilities held for sale			(241,748)
Loans, debentures and finance leases, ending	R$ 11768017	R$ 11750361	R$ 16377643

Loans, financing, debentures _5

Loans, financing, debentures and derivative financial instruments - Summary of Principal Maturity Schedule (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Long term debt	R$ 9774763	R$ 8389684
1 to 2 years [Member]
Disclosure of detailed information about borrowings [line items]
Long term debt	1,879,412	817,898
2 to 3 years [Member]
Disclosure of detailed information about borrowings [line items]
Long term debt	2,243,967	782,965
3 to 4 years [Member]
Disclosure of detailed information about borrowings [line items]
Long term debt	1,023,820	2,268,647
4 to 5 years [Member]
Disclosure of detailed information about borrowings [line items]
Long term debt	1,691,595	0
More than 5 years [Member]
Disclosure of detailed information about borrowings [line items]
Long term debt	R$ 2935969	R$ 4520174

Loans, financing, debentures _6

Loans, financing, debentures and derivative financial instruments - Summary of Transaction Costs (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debentures [member]
Disclosure of detailed information about borrowings [line items]
Transaction costs, beginning	R$ 68168	R$ 54490	R$ 28348
Incurred costs	23,569	30,420	40,953
Payments	(17,337)	(16,742)	(14,811)
Reclassification to liabilities held for sale			0
Transaction costs, ending	74,400	68,168	54,490
Notes in the foreign market [member]
Disclosure of detailed information about borrowings [line items]
Transaction costs, beginning	12,405	28,018	37,112
Incurred costs	0	0	0
Payments	(2,289)	(15,613)	(4,890)
Reclassification to liabilities held for sale			(4,204)
Transaction costs, ending	10,116	12,405	28,018
Banco do Brasil [member]
Disclosure of detailed information about borrowings [line items]
Transaction costs, beginning	0	76	332
Incurred costs	0	0	0
Payments	0	(76)	(256)
Reclassification to liabilities held for sale			0
Transaction costs, ending	0	0	76
Promissory notes [Member]
Disclosure of detailed information about borrowings [line items]
Transaction costs, beginning	0	0	1,318
Incurred costs	0	0	0
Payments	0	0	(1,318)
Reclassification to liabilities held for sale			0
Transaction costs, ending	R$ 0	R$ 0	R$ 0

Loans, financing, debentures _7

Loans, financing, debentures and derivative financial instruments - Summary of Appropriated Profit or Loss in The Future (Detail) R$ in Thousands	Dec. 31, 2023 BRL (R$)
Disclosure of detailed information about borrowings [line items]
Amount appropriated to profit or loss in the future	R$ 84516
Up to 1 year
Disclosure of detailed information about borrowings [line items]
Amount appropriated to profit or loss in the future	18,583
1 to 2 years
Disclosure of detailed information about borrowings [line items]
Amount appropriated to profit or loss in the future	17,685
2 to 3 years
Disclosure of detailed information about borrowings [line items]
Amount appropriated to profit or loss in the future	17,336
3 to 4 years
Disclosure of detailed information about borrowings [line items]
Amount appropriated to profit or loss in the future	13,624
4 to 5 years
Disclosure of detailed information about borrowings [line items]
Amount appropriated to profit or loss in the future	8,277
More than 5 years
Disclosure of detailed information about borrowings [line items]
Amount appropriated to profit or loss in the future	R$ 9011

Loans, financing, debentures _8

Loans, financing, debentures and derivative financial instruments - Summary of Debentures (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
	Mar. 06, 2024	Dec. 31, 2023
Summary of loans debentures and finance leases [line items]
Final maturity	March 6,2025
Original remuneration		CDI rate + 0.5% p.a.
Debenture one [member] | Debentures fifth issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Apr-24
Amount		R$ 352361
Original remuneration		IPCA + 4.68%
Hedge instrument/swap		93.90%
Remuneration payment		Annually
Payment of the face value		Lump sum at final maturity
Debenture two [member] | Debentures seventh issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Oct-24
Amount		R$ 213693
Original remuneration		IPCA + 4.34%
Hedge instrument/swap		97.30%
Remuneration payment		Annually
Payment of the face value		Lump sum at final maturity
Debenture three [member] | Debentures eighth issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Dec-25
Amount		R$ 240000
Original remuneration		IPCA + 4.61%
Hedge instrument/swap		97.10%
Remuneration payment		Annually
Payment of the face value		Lump sum at final maturity
Debenture four [member] | Debentures first issue [member] | Ultracargo Logística S.A.
Summary of loans debentures and finance leases [line items]
Final maturity		Nov-24
Amount		R$ 90000
Original remuneration		6.47%
Hedge instrument/swap		99.94%
Remuneration payment		Semiannually
Payment of the face value		Lump sum at final maturity
Debenture five [member] | Debentures first issue [member] | Ultracargo Solucoes Logística S.A.
Summary of loans debentures and finance leases [line items]
Final maturity		Mar-28
Amount		R$ 360000
Original remuneration		IPCA + 4.04%
Hedge instrument/swap		111.40%
Remuneration payment		Semiannually
Payment of the face value		Lump sum at final maturity
Debenture six [member] | Debentures second issue [member] | Ultracargo Logística S.A.
Summary of loans debentures and finance leases [line items]
Final maturity		Mar-28
Amount		R$ 100000
Original remuneration		IPCA + 4.37%
Hedge instrument/swap		111.40%
Remuneration payment		Semiannually
Payment of the face value		Lump sum at final maturity
Debenture seven [member] | Debentures tenth issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Sep-28
Amount		R$ 960000
Original remuneration		IPCA + 4.8287%
Hedge instrument/swap		102.75%
Remuneration payment		Semiannually
Payment of the face value		Lump sum at final maturity
Debenture eight [member] | Debentures eleventh issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Jun-32
Amount		R$ 1000000
Original remuneration		IPCA + 6.0053%
Hedge instrument/swap		104.80%
Remuneration payment		Semiannually
Payment of the face value		Anual from the 8th yearth
Debenture nine [member] | Debentures Twelth Issue [Member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Jun-27
Amount		R$ 325791
Original remuneration		11.17% p.a.
Hedge instrument/swap		105.10%
Remuneration payment		Quarterly
Payment of the face value		Lump sum at final maturity
Debenture ten [member] | Debentures Twelth Issue [Member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Jun-27
Amount		R$ 292209
Original remuneration		DI + 0.70% p.a
Hedge instrument/swap		0%
Remuneration payment		Quarterly
Payment of the face value		Lump sum at final maturity
Debenture eleven [member] | Debentures Thirteenth Issue [Member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Jul-27
Amount		R$ 200000
Original remuneration		11.17% p.a.
Hedge instrument/swap		102.90%
Remuneration payment		Quarterly
Payment of the face value		Lump sum at final maturity
Debenture twelve [member] | Debentures Thirteenth Issue [Member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Final maturity		Jul-27
Amount		R$ 200000
Original remuneration		DI + 0.70% p.a
Hedge instrument/swap		0%
Remuneration payment		Quarterly
Payment of the face value		Lump sum at final maturity

Loans, financing, debentures _9

Loans, financing, debentures and derivative financial instruments - Narrative of Debentures (Detail) - BRL (R$) R$ in Thousands	1 Months Ended				12 Months Ended
	Dec. 31, 2023	Mar. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Summary of loans debentures and finance leases [line items]
Amount of guarantees and promissory notes	R$ 10966890				R$ 10966890	R$ 9371295
Collateral guarantees to secure letters of credits	103,600				103,600	115,451
Amount of contract settled					3,149,525	5,848,611	R$ 2426222
IPP [member]
Summary of loans debentures and finance leases [line items]
Maximum amount of future payments related to these collaterals	397,152				R$ 397152	R$ 550908
Debentures fifth issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Amount of contract settled				R$ 660139
Debentures sixth issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Amount of contract settled		R$ 1725000
Debentures seventh issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Amount of contract settled			R$ 730384
Debentures eighth issue [member] | IPP [member]
Summary of loans debentures and finance leases [line items]
Amount of contract settled	R$ 660000

Loans, financing, debentures_10

Loans, financing, debentures and derivative financial instruments - Summary of Loan Maturity (Detail) R$ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$)
Disclosure of detailed information about borrowings [line items]
Debentures	R$ 5106973
Debentures [member]
Disclosure of detailed information about borrowings [line items]
Charges	191,959	[1]
Apr/2024
Disclosure of detailed information about borrowings [line items]
Debentures	491,882
Oct/2024
Disclosure of detailed information about borrowings [line items]
Debentures	295,933
Nov/2024
Disclosure of detailed information about borrowings [line items]
Debentures	90,000
Dec/2025
Disclosure of detailed information about borrowings [line items]
Debentures	317,934
Jun/2027
Disclosure of detailed information about borrowings [line items]
Debentures	618,000
Jul/2027
Disclosure of detailed information about borrowings [line items]
Debentures	400,000
Mar/2028
Disclosure of detailed information about borrowings [line items]
Debentures	550,621
Sep/2028
Disclosure of detailed information about borrowings [line items]
Debentures	1,101,274
Jun/2030
Disclosure of detailed information about borrowings [line items]
Debentures	349,790
Jun/2031
Disclosure of detailed information about borrowings [line items]
Debentures	349,790
Jun/2032
Disclosure of detailed information about borrowings [line items]
Debentures	R$ 349790
[1] Includes interest, transaction cost and mark to market.

Loans, financing, debentures_11

Loans, financing, debentures and derivative financial instruments - Summary of Foreign Loan Maturity (Detail) € in Thousands, ¥ in Thousands, R$ in Thousands, $ in Thousands			1 Months Ended	12 Months Ended
		Mar. 06, 2024	Sep. 30, 2023 USD ($)	Dec. 31, 2023 BRL (R$)	Dec. 31, 2022 BRL (R$)	Dec. 31, 2021 BRL (R$)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 JPY (¥)	Dec. 31, 2023 BRL (R$)	Dec. 31, 2023 USD ($)	Dec. 31, 2020 BRL (R$)
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date		March 6,2025
Loan maturity, amount | R$					R$ 11750361	R$ 16377643			R$ 11768017		R$ 17376216
Foreign currency - denominated loans | R$					5,190,156				5,278,791
Borrowings, interest rate basis				CDI rate + 0.5% p.a.
Amount of contract settled | R$				R$ 3149525	R$ 5848611	R$ 2426222
IPP [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Loan maturity, amount							€ 23,576	¥ 12,853,651	R$ 1584452	$ 210,363
Cost in percentage of DI							110%	110%	110%	110%
Charges [member] | IPP [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Loan maturity, amount	[1]						€ 1,138	¥ 149,726	R$ 30314	$ 3,945
Foreign loan one [member] | Cia Ultragaz [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Sep-25
Foreign currency - denominated loans										$ 96,339
Borrowings, interest rate basis				4.539%
Cost in percentage of DI							108.50%	108.50%	108.50%	108.50%
Foreign loan one [member] | IPP [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Jan/2024
Loan maturity, amount							€ 22,438	¥ 0	R$ 120080	$ 0
Cost in percentage of DI							111.90%	111.90%	111.90%	111.90%
Foreign loan two [member] | Iconic Lubrificantes S.A [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Jan-24
Foreign currency - denominated loans | €							€ 22,480
Borrowings, interest rate basis				EUR + 4.35%
Cost in percentage of DI							111.90%	111.90%	111.90%	111.90%
Foreign loan two [member] | IPP [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Apr/2024
Loan maturity, amount							€ 0	¥ 0	R$ 47387	$ 9,788
Cost in percentage of DI							116%	116%	116%	116%
Foreign loan three [member] | Cia Ultragaz [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Mar-25
Foreign currency - denominated loans | ¥								¥ 12,564,392
Borrowings, interest rate basis				JPY + 1.31%
Cost in percentage of DI							109.40%	109.40%	109.40%	109.40%
Foreign loan three [member] | IPP [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Jul/2024
Loan maturity, amount							€ 0	¥ 0	R$ 483757	$ 99,923
Cost in percentage of DI							110.90%	110.90%	110.90%	110.90%
Foreign loan four [member] | Cia Ultragaz [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Jul-24
Foreign currency - denominated loans										$ 100,000
Borrowings, interest rate basis				USD + 4.6%
Cost in percentage of DI							110.90%	110.90%	110.90%	110.90%
Foreign loan four [member] | IPP [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Mar/2025
Loan maturity, amount							€ 0	¥ 12,703,925	R$ 434728	$ 0
Cost in percentage of DI							109.40%	109.40%	109.40%	109.40%
Foreign loan five [member] | Iconic Lubrificantes S.A [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Apr-24
Foreign currency - denominated loans										$ 9,727
Borrowings, interest rate basis				USD + 6.4%
Cost in percentage of DI							116%	116%	116%	116%
Foreign loan five [member] | IPP [member] | Foreign loans [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, maturity date				Sept/2025
Loan maturity, amount							€ 0	¥ 0	R$ 468186	$ 96,707
Cost in percentage of DI							108.50%	108.50%	108.50%	108.50%
Foreign Loan Six [Member] | IPP [member]
Disclosure of detailed information about borrowings [line items]
Amount of contract settled			$ 60,000
Foreign Loan Seven [Member] | IPP [member]
Disclosure of detailed information about borrowings [line items]
Amount of contract settled			$ 65,000
[1] Considers interest, transaction cost and fair value adjustments.

Loans, financing, debentures_12

Loans, financing, debentures and derivative financial instruments - Additional Information (Detail) € in Thousands, ¥ in Thousands, R$ in Thousands

12 Months Ended

Mar. 06, 2024

Jun. 01, 2023 BRL (R$)

Mar. 30, 2023 BRL (R$)

Apr. 27, 2022 BRL (R$)

Apr. 18, 2022 USD ($)

Apr. 14, 2022 BRL (R$)

Apr. 07, 2022 USD ($)

Jul. 13, 2020 USD ($)

Jun. 21, 2019 USD ($)

Jun. 06, 2019 USD ($)

Oct. 06, 2016 USD ($)

Dec. 31, 2023 EUR (€)

Dec. 31, 2021 BRL (R$)

Dec. 31, 2023 JPY (¥)

Dec. 31, 2023 BRL (R$)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 BRL (R$)

Apr. 27, 2022 USD ($)

Apr. 14, 2022 USD ($)

Dec. 31, 2020 BRL (R$)

Disclosure of detailed information about borrowings [line items]

Notes to foreign market

R$ 5106973

Foreign currency - denominated loans

5,278,791

R$ 5190156

Loan received

11,141,283

11,226,049

Reclassification to liabilities held for sale

R$ 241748

Borrowings, maturity date

March 6,2025

Borrowings, interest rate basis

CDI rate + 0.5% p.a.

Loan maturity, amount

R$ 16377643

11,768,017

11,750,361

R$ 17376216

Restricted Assets [member]

Disclosure of detailed information about borrowings [line items]

Restriction on encumbrance of assets

726,195

$ 150,000,000

Percent restricted consolidated tangible assets

15%

Ultrapar International S.A. [member]

Disclosure of detailed information about borrowings [line items]

Interest rate

5.25%

5.25%

5.25%

Notes to foreign market

R$ 2351260

$ 200,000

R$ 552533

$ 350,000,000

$ 200,000,000

$ 500,000

$ 750,000,000

968

$ 485,667,000

$ 114,129,000

Borrowings, maturity date

June 2029

October 2026

October 2026

June 2029

October 2026

June 2029

October 2026

Issue percent of face value

99.994%

100%

98.097%

IPP [member]

Disclosure of detailed information about borrowings [line items]

Maximum amount of future payments related to these collaterals

R$ 397152

R$ 550908

Long term interest rate [member]

Disclosure of detailed information about borrowings [line items]

Interest rate

6.55%

5.32%

6.55%

6.55%

6.55%

7.20%

Foreign loans [member] | IPP [member]

Disclosure of detailed information about borrowings [line items]

Cost in percentage of DI

110%

110%

110%

110%

Loan maturity, amount

€ 23,576

¥ 12,853,651

R$ 1584452

$ 210,363,000

Notes in the foreign market [member] | Ultrapar International S.A. [member]

Disclosure of detailed information about borrowings [line items]

Maximum aggregate tender amount | $

$ 550,003,000

Maximum aggregate tender amount available for increase | $

$ 600,000,000

Notes in the foreign market [member] | Senior Notes due in 2026 (“Notes 2026”) | Ultrapar International S.A. [member]

Disclosure of detailed information about borrowings [line items]

Interest rate

5.25%

Borrowings, maturity date

due in 2026

Notes in the foreign market [member] | Senior Notes due in 2029 (“Notes 2029”) | Ultrapar International S.A. [member]

Disclosure of detailed information about borrowings [line items]

Interest rate

5.25%

Borrowings, maturity date

due in 2029

Bank Credit Note [Member] | IPP [member]

Disclosure of detailed information about borrowings [line items]

Borrowings, maturity date

April 2, 2025

Cost in percentage of DI

109.40%

Loan maturity, amount

R$ 500000

Agribusiness Credit Rights Certificate [Member] | IPP [member]

Disclosure of detailed information about borrowings [line items]

Borrowings, maturity date

June 3, 2024

Cost in percentage of DI

108.60%

Loan maturity, amount

R$ 200000

Trade Payables - Summary of Tra

Trade Payables - Summary of Trade Payables (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Summary of trade payables [line items]
Trade payables to related parties	R$ 147452	R$ 259644
Trade payables	4,682,671	4,710,952
Trade payables - reverse factoring	1,039,366	2,666,894
Domestic suppliers [member]
Summary of trade payables [line items]
Trade payables	2,842,433	2,777,021
Foreign suppliers [member]
Summary of trade payables [line items]
Trade payables	1,692,786	1,674,287
Domestic suppliers reverse factoring [member]
Summary of trade payables [line items]
Trade payables	1,039,366	2,429,497
Foreign suppliers reverse factoring [member]
Summary of trade payables [line items]
Trade payables	R$ 0	R$ 237397

Salaries and Related Charges -

Salaries and Related Charges - Summary of Salaries and Related Charges (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Short-term employee benefits expense [abstract]
Salaries and related charges	R$ 494771	R$ 460906

Taxes Payable - Summary of Taxe

Taxes Payable - Summary of Taxes Payable (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of taxes payable [line items]
Taxes payable	R$ 168730	R$ 192430

Employee Benefits and Private_3

Employee Benefits and Private Pension Plan - Additional information (Detail) R$ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$) Employees	Dec. 31, 2022 BRL (R$) Employees	Dec. 31, 2021 BRL (R$)
Disclosure of defined benefit plans [line items]
Maximum matching contribution percentage	11%
Defined contribution pension plan fund | R$	R$ 18271	R$ 18204
Contribution to Ultraprev | R$	R$ 22482	R$ 16368	R$ 16120
Number of active participating employees	4,053	4,097
Number of retired participating employees	298	286
Number of former employees receiving benefits	23	23
Demographic assumption percentage of reasonably possible decrease in mortality table for other benefits	10%
Bottom of range [member]
Disclosure of defined benefit plans [line items]
Monthly accumulated fund percentage	0.30%
Fixed monthly accumulated fund period	5 years
Top of range [member]
Disclosure of defined benefit plans [line items]
Monthly accumulated fund percentage	1%
Fixed monthly accumulated fund period	35 years
Average period	73 months

Employee Benefits and Private_4

Employee Benefits and Private Pension Plan - Post-employment Benefits (Detail) - BRL (R$) R$ in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of defined benefit plans [line items]
Total		R$ 264823	R$ 215556	R$ 215719	R$ 284724
Current		23,612	21,809
Non-current		241,211	193,747
Health and dental care plan [member]
Disclosure of defined benefit plans [line items]
Total	[1]	211,279	164,428
Indemnification of FGTS [member]
Disclosure of defined benefit plans [line items]
Total		38,456	36,357
Seniority bonus [member]
Disclosure of defined benefit plans [line items]
Total		2,026	2,156
Life insurance [member]
Disclosure of defined benefit plans [line items]
Total	[1]	R$ 13062	R$ 12615
[1]Applicable to IPP, Tropical and Iconic.

Employee Benefits and Private_5

Employee Benefits and Private Pension Plan - Changes in provision for post-employment benefits (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employee benefits and private pension plan
Provision for post-employment benefits, opening	R$ 215556	R$ 215719	R$ 284724
Expense for the year of continuing operations	17,521	20,944	15,585
Expense (revenue) for the year of discontinued operations	0	494	2,951
Actuarial (gains) losses from changes in actuarial assumptions	52,099	(2,589)	(58,954)
Benefits paid directly by Company and its subsidiaries	(20,353)	(19,012)	18,400
Exchange rates from post-employment benefits of foreign subsidiaries	0	0	217
Reclassification to liabilities held for sale	0	0	(10,404)
Provision for post-employment benefits, ending	R$ 264823	R$ 215556	R$ 215719

Employee Benefits and Private_6

Employee Benefits and Private Pension Plan - Post-employment benefit expense (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [line items]
Employee benefit expense	R$ 17521	R$ 20944	R$ 15585
Health and dental care plan [member]
Disclosure of defined benefit plans [line items]
Employee benefit expense	11,182	14,660	15,265
Indemnification of FGTS [member]
Disclosure of defined benefit plans [line items]
Employee benefit expense	4,909	4,766	4,409
Seniority bonus [member]
Disclosure of defined benefit plans [line items]
Employee benefit expense	286	563	(4,886)
Life insurance [member]
Disclosure of defined benefit plans [line items]
Employee benefit expense	R$ 1144	R$ 955	R$ 797

Employee Benefits and Private_7

Employee Benefits and Private Pension Plan - Significant actuarial assumptions adopted (Detail)	Dec. 31, 2023	Dec. 31, 2022
Employee benefits and private pension plan
Discount rate for the actuarial obligation at present value	9.41%	9.97%
Average projected salary growth rate	6.83%	6.98%
Average projected bonus growth rate	7.33%	7.07%
Inflation rate (long term)	3.50%	3.50%
Growth rate of medical services	7.64%	7.64%
Average discount rate of medical services	9.53%	10.01%

Employee Benefits and Private_8

Employee Benefits and Private Pension Plan - Sensitivity analysis (Detail) R$ in Thousands	Dec. 31, 2023 BRL (R$)
Discount rate [Member]
Disclosure of defined benefit plans [line items]
Change in assumptions	1%
Decrease in liability	R$ 26978
Change in assumptions	1%
Increase in liability	R$ 33577
Salary growth rate [member]
Disclosure of defined benefit plans [line items]
Change in assumptions	1%
Decrease in liability	R$ 399
Change in assumptions	1%
Increase in liability	R$ 432
Medical services growth rate [Member]
Disclosure of defined benefit plans [line items]
Change in assumptions	1%
Decrease in liability	R$ 24871
Change in assumptions	1%
Increase in liability	R$ 30738

Provisions and contingent lia_3

Provisions and contingent liabilities - Breakdown of provisions by nature (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of other provisions [line items]
Beginning balance		R$ 1040172	R$ 932185	R$ 898045
Additions		293,550	239,013	188,794
Reversals		(100,575)	(87,807)	(106,093)
Payments		(70,128)	(84,939)	(25,184)
Interest		139,864	41,720	15,608
Acquisition of subsidiary (i)	[1]	1,247
Reclassification to liabilities held for sale	[2]			(38,985)
Ending Balance		1,304,130	1,040,172	932,185
Current		45,828	22,837	119,942	R$ 43660
Non-current		1,258,302	1,017,335	812,243	R$ 854385
IRPJ and CSLL [member]
Disclosure of other provisions [line items]
Beginning balance		559,217	552,172	547,862
Additions		14,597	7,154	0
Reversals		(6,717)	(36,683)	(6,966)
Payments		0	0	0
Interest		69,070	36,574	11,276
Acquisition of subsidiary (i)	[1]	0
Reclassification to liabilities held for sale	[2]			0
Ending Balance		636,167	559,217	552,172
ICMS - State VAT [member]
Disclosure of other provisions [line items]
Beginning balance		68,434	84,155	108,568
Additions		46,743	35,238	58,839
Reversals		(21,148)	(14,907)	(83,536)
Payments		(14,747)	(38,097)	0
Interest		27,101	2,045	284
Acquisition of subsidiary (i)	[1]	789
Reclassification to liabilities held for sale	[2]			0
Ending Balance		107,172	68,434	84,155
Civil, environmental and regulatory claims [member]
Disclosure of other provisions [line items]
Beginning balance		93,416	108,761	57,772
Additions		124,857	18,326	87,066
Reversals		(29,402)	(9,980)	(9,702)
Payments		(39,071)	(23,700)	(8,116)
Interest		0	9	724
Acquisition of subsidiary (i)	[1]	458
Reclassification to liabilities held for sale	[2]			(18,983)
Ending Balance		150,258	93,416	108,761
Labor [member]
Disclosure of other provisions [line items]
Beginning balance		73,172	95,460	90,675
Additions		27,333	22,663	42,826
Reversals		(27,308)	(22,387)	(4,432)
Payments		(16,310)	(23,142)	(17,068)
Interest		2,257	578	2,620
Acquisition of subsidiary (i)	[1]	0
Reclassification to liabilities held for sale	[2]			(19,161)
Ending Balance		59,144	73,172	95,460
Provision for indemnities [member]
Disclosure of other provisions [line items]
Beginning balance		150,820	0
Additions		32,691	150,820
Reversals		(7,969)	0
Payments		0	0
Interest		28,238	0
Acquisition of subsidiary (i)	[1]	0
Ending Balance		203,780	150,820	0
Others [Member]
Disclosure of other provisions [line items]
Beginning balance		95,113	91,637	93,168
Additions		47,329	4,812	63
Reversals		(8,031)	(3,850)	(1,457)
Payments		0	0	0
Interest		13,198	2,514	704
Acquisition of subsidiary (i)	[1]	0
Reclassification to liabilities held for sale	[2]			(841)
Ending Balance		R$ 147609	R$ 95113	R$ 91637
[1]For further information, see Note 28

Provisions and contingent lia_4

Provisions and contingent liabilities - Balances of escrow deposits (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other provisions [line items]
Total - non-current assets	R$ 1032717	R$ 946383
Tax [member]
Disclosure of other provisions [line items]
Total - non-current assets	856,830	790,979
Labor [member]
Disclosure of other provisions [line items]
Total - non-current assets	37,715	42,624
Civil and other [member]
Disclosure of other provisions [line items]
Total - non-current assets	R$ 138172	R$ 112780

Provisions and contingent lia_5

Provisions and contingent liabilities - Additional information (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Aug. 01, 2022	Apr. 01, 2022	Dec. 01, 2017
Disclosure of contingent liabilities [line items]
Escrow deposits made under preliminary injunction	R$ 600259	R$ 569415
Possible contingency	4,013,392	3,601,865
Contingent liabilities for tax matters and social security	3,148,222	2,656,479
IPIContingency	185,388	182,446
Legal Proceedings Related To Icms	1,380,424	1,376,199
ICMS credits	149,061	201,408
Reversal of alleged non-payment	196,693	178,825
Reversal of inventory differences	282,254	302,143
Reversal of conditioned fruition of fiscal incentive	193,912	193,785
Offset claims and credit dis-allowances	1,394,010	759,469
Amortization of goodwill paid on acquisition of subsidiary	251,789	233,805
Contingent liabilities for civil, environmental and regulatory claims	624,653	690,052
Penalty on Ultragaz	36,935	35,617
Contingent liabilities for labor matters	240,515	255,334
Surcharge on non-essential products	271,518	246,336
Adjustment On Escrow Deposits	R$ 62217	R$ 26969
Subsidiary IPP [member]
Disclosure of contingent liabilities [line items]
Surcharge rate on non-essential products	2%	2%
Subsidiary IPP [member] | Receivables Investment Fund (“FIDC”)
Disclosure of contingent liabilities [line items]
Percentage of receivables from an action for damages as contingent asset		90%
Action for damages as a contingent asset, initial fixed amount recognized		R$ 140000
Action for damages as a contingent asset, amount received		60,000
Action for damages as contingent asset, remaining portion will be received		80,000
Cia Ultragaz [member]
Disclosure of contingent liabilities [line items]
Contingent liabilities for civil, environmental and regulatory claims	R$ 113756	255,290
Discontinued operations | Oxiteno S. A. Industria e Comercio [member]
Disclosure of contingent liabilities [line items]
Provision for indemnities				R$ 168568
Provision for indemnities related to labor claims				92,823
Provision for indemnities related to civil claims				17,584
Provision for indemnities related to tax claims				R$ 58160
Discontinued operations | Extrafarma [member]
Disclosure of contingent liabilities [line items]
Provision for indemnities			R$ 35075
Provision for indemnities related to labor claims			16,259
Provision for indemnities related to civil claims			6,420
Provision for indemnities related to tax claims			R$ 12395
Chevron and subsidiary IPP [member]
Disclosure of contingent liabilities [line items]
Liability provisions	29,022	26,010
Contingent liabilities for labor matters	3,030
Contingent liabilities for tax assessments on sales	25,777
Chevron and subsidiary IPP [member] | Subsidiary IPP [member]
Disclosure of contingent liabilities [line items]
Liability provisions	R$ 95905	R$ 100548			R$ 198900

Subscription warrants - indem_2

Subscription warrants - indemnification - Additional information (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
	Jan. 31, 2014	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Aug. 09, 2023	Feb. 15, 2023	Aug. 03, 2022	Feb. 23, 2022	Aug. 11, 2021	Feb. 24, 2021
Disclosure of non-adjusting events after reporting period [line items]
Finance expenses		R$ 1880014	R$ 2175897	R$ 1222886
Finance income		R$ 880884	706,689	460,154
Extrafarma [member]
Disclosure of non-adjusting events after reporting period [line items]
Subscription warrants shares issued	7
Maximum number of shares to be issued - subscription warrants	6,411,244
Rights outstanding					8,199	31,211	21,472	43,925	31,032	70,939
Number of shares canceled and not issued which linked to subscription warrants – indemnification	715,871
Subscription warrants, shares		3,293,074
Subscription warrants - indemnification		R$ 87299	42,776
Finance expenses		R$ 45084
Finance income			R$ 5099	R$ 33180

Equity - Additional Information

Equity - Additional Information (Detail) - BRL (R$) R$ / shares in Units, R$ in Thousands						12 Months Ended
	Aug. 09, 2023	Apr. 19, 2023	Feb. 15, 2023	Aug. 03, 2022	Feb. 23, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [line items]
Rights, preferences and restrictions attaching to class of share capital						Each common share entitles its holder to vote at Shareholders’ Meetings.
Increase in capital reserves						R$ 24303
Treasury shares						(470,510)	R$ 479674
Dividends payable							R$ 109515
Dividends per share							R$ 0.1
Proposed dividends payable						R$ 439684	R$ 109515	R$ 185896
Proposed dividends payable per share						R$ 0.4	R$ 0.1	R$ 0.17
Legal reserve as percentage of net income						5%	5%	5%
Threshold Percentage of Share Capital for Legal Reserve Allocation						20%
Legal reserves						R$ 121990	R$ 882575
Investments statutory reserve as maximum percentage of net income						75%
Threshold percentage of share capital for investments reserve allocation						100%
Payment of interim interest on capital, attributed to the mandatory minimum dividend, including income tax	R$ 273798						R$ 450004
Payment of interim interest on capital, per share, attributed to the mandatory minimum dividend, including income tax,	R$ 0.25						R$ 0.41
Increase in Company's capital		R$ 1450000
Minimum mandatory dividends as percentage of net income						25%	25%	50%
Extrafarma [member]
Disclosure of classes of share capital [line items]
Increase in capital reserves	R$ 149		R$ 411	R$ 291	R$ 651
Incurred costs directly attributable to issuing new shares						R$ 2260
Treasury shares
Disclosure of classes of share capital [line items]
Shares held in treasury						16,195,439	19,974,556	23,756,393
Average cost						R$ 18.3
Treasury shares						R$ 470510	R$ 479674
Capital reserve | Extrafarma [member]
Disclosure of classes of share capital [line items]
Increase in capital reserves						498,812
Investments reserve
Disclosure of classes of share capital [line items]
Retention of profits and investments reserve						R$ 6267569	R$ 5228561
Increase in Company's capital		567,425
Legal Reserves
Disclosure of classes of share capital [line items]
Increase in Company's capital		R$ 882575
Common shares [member]
Disclosure of classes of share capital [line items]
Subscribed and paid-in capital stock						1,115,212,490	1,115,173,080
Par value per share						R$ 0
Common shares outstanding						52,197,033	58,895,761	50,374,275
Common shares [member] | Treasury shares
Disclosure of classes of share capital [line items]
Balance of treasury shares granted with right of use						9,515,384	6,184,427
Shares held in treasury						16,195,439	19,974,556

Equity - Balance of treasury sh

Equity - Balance of treasury shares (Detail) - Treasury shares [member] - shares	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates	16,195,439	19,974,556	23,756,393
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Number of shares in entity held by entity or by its subsidiaries or associates	16,195,439	19,974,556
Number of treasury shares granted with right of use	9,515,384	6,184,427
Number of treasury shares outstanding	25,710,823	26,158,983

Equity - Balance of Other Compr

Equity - Balance of Other Comprehensive Income (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Valuation Adjustments
Disclosure of classes of share capital [line items]
Beginning balance	R$ 179974	R$ 422138	R$ 464990
Changes in fair value of financial instruments	(11,091)	911,954	11,364
IRPJ and CSLL on fair value	3,691	(309,503)	(4,060)
Actuarial gain (loss) of post-employment benefits	(28,710)	(610)	49,550
IRPJ and CSLL on actuarial gains	10,244	271	(14,002)
Ending balance	154,108	179,974	(422,138)
Fair value of cash flow hedging instruments [member]
Disclosure of classes of share capital [line items]
Beginning balance	0	(601,301)	(609,277)
Changes in fair value of financial instruments	(11,375)	910,804	12,036
IRPJ and CSLL on fair value	3,691	(309,503)	(4,060)
Actuarial gain (loss) of post-employment benefits	0	0	0
IRPJ and CSLL on actuarial gains	0	0	0
Ending balance	(7,684)	0	(601,301)
Fair value of financial instruments [member]
Disclosure of classes of share capital [line items]
Beginning balance	0	(403)	269
Changes in fair value of financial instruments	0	403	(672)
IRPJ and CSLL on fair value	0	0	0
Actuarial gain (loss) of post-employment benefits	0	0	0
IRPJ and CSLL on actuarial gains	0	0	0
Ending balance	0	0	(403)
Actuarial gains (losses) of post-employment benefits [member]
Disclosure of classes of share capital [line items]
Beginning balance	(18,142)	(17,803)	(53,351)
Changes in fair value of financial instruments	0	0	0
IRPJ and CSLL on fair value	0	0	0
Actuarial gain (loss) of post-employment benefits	(28,710)	(610)	49,550
IRPJ and CSLL on actuarial gains	10,244	271	(14,002)
Ending balance	(36,608)	(18,142)	(17,803)
Non-controlling shareholders interest change [member]
Disclosure of classes of share capital [line items]
Beginning balance	197,369	197,369	197,369
Changes in fair value of financial instruments	0	0	0
IRPJ and CSLL on fair value	0	0	0
Actuarial gain (loss) of post-employment benefits	0	0	0
IRPJ and CSLL on actuarial gains	0	0	0
Ending balance	197,369	197,369	197,369
Others
Disclosure of classes of share capital [line items]
Beginning balance	747	0	0
Changes in fair value of financial instruments	284	747	0
IRPJ and CSLL on fair value	0	0	0
Actuarial gain (loss) of post-employment benefits	0	0	0
IRPJ and CSLL on actuarial gains	0	0	0
Ending balance	R$ 1031	R$ 747	R$ 0

Equity - Balance and Changes in

Equity - Balance and Changes in Cumulative Translation Adjustments (Detail) - BRL (R$) R$ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [abstract]
Beginning balance		R$ 304645	R$ 231596
Currency translation adjustment of foreign subsidiaries	R$ 0	(269,482)	97,113
Effect of foreign currency exchange rate variation on notes in the foreign market	0	80,057	(36,461)
IRPJ and CSLL on foreign currency exchange rate variation on notes in the foreign market	0	(27,219)	12,397
Reclassification to income due to sale of investment	0	(88,001)	0
Ending Balance	R$ 0	R$ 0	R$ 304645

Equity - Dividends and Allocati

Equity - Dividends and Allocation of Net Income (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Allocation of net income
Net income for the year attributable to shareholders of Ultrapar	R$ 2439795	R$ 1800839		R$ 850463
Legal reserve (5% of the net income)	(121,990)	(90,042)		(42,523)
Adjusted net income (basis for dividends)	2,317,805	1,710,797		807,940
Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022, and 50% of the adjusted net income in 2021)	579,451	427,699		403,970
Total distribution	579,451	427,699		403,970
Interim dividends already distributed (R$ 0.25 per share in 2023 and R$ 0.20 per share in 2021)	(273,798)	0		(218,074)
Interest on capital, net of income tax, already paid (R$ 0.35 per share in 2022)	0	(396,314)	[1]	0
Additional dividends to the minimum mandatory dividends	134,031	78,130		185,896
Balance of proposed dividends payable (R$ 0.40 per share in 2023, and R$ 0.10 per share in 2022, and R$ 0.17 per share in 2021)	439,684	109,515		185,896
Allocation of dividends
Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022, and 50% of the adjusted net income in 2021)	579,451	427,699		403,970
Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022, and 50% of the adjusted net income in 2021)				185,896
Balance of proposed dividends	134,031	78,130		185,896
Legal reserve (5% of the net income)	121,990	90,042		42,523
Statutory reserve	1,604,323	1,204,968		403,970
Interim dividends	273,798	0		218,074
Interest on capital, net of income tax, already paid (R$ 0.35 per share)	0	396,314	[1]	0
Complementary minimum mandatory dividends for the year (25% of the adjusted net income (-) interim dividends)	305,653	31,385		403,970
Additional dividends to the minimum mandatory dividends	134,031	78,130		185,896
Total distribution of net income for the year attributable to shareholders of Ultrapar	R$ 2439795	R$ 1800839		R$ 850463
[1]The gross amount of interest on capital was R$ 450,004

Equity - Dividends and Alloca_2

Equity - Dividends and Allocation of Net Income (Parenthetical) (Detail) - BRL (R$) R$ / shares in Units, R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [abstract]
Legal reserve as percentage of net income	5%	5%	5%
Statutory reserve as percentage of net income	25%	25%	50%
Interim dividends per share	R$ 0.25		R$ 0.2
Interest on capital paid, net of income tax, per share		R$ 0.35
Proposed dividends payable per share	R$ 0.4	R$ 0.1	R$ 0.17
Minimum mandatory dividends as percentage of net income	25%	25%	50%
Gross amount of interest on capital		R$ 450004

Equity - Summary of Balances an

Equity - Summary of Balances and Changes in Dividends Payable (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [abstract]
Beginning balance	R$ 48525	R$ 202860	R$ 442133
Provisions	688,189	429,964	478,366
Prescribed dividends	(2,048)	(2,948)	(11,816)
Payments	(400,025)	(581,351)	(705,753)
Reclassification to liabilities of subsidiaries held for sale			(70)
Ending balance	R$ 334641	R$ 48525	R$ 202860

Costs and expenses by nature -

Costs and expenses by nature - Costs and expenses by nature (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Expenses by nature [abstract]
Raw materials and materials for use and consumption	[1]	R$ 114657376	R$ 135651809	R$ 104233143
Personnel expenses		(2,335,738)	(1,657,783)	(1,575,066)
Freight and storage		(1,378,054)	(1,033,718)	(899,188)
Decarbonization obligation	[2]	(740,298)	(638,542)	(161,281)
Services provided by third parties		(662,542)	(442,379)	(399,904)
Depreciation and amortization		(840,377)	(732,241)	(653,118)
Amortization of right-of-use assets		(305,899)	(288,419)	(260,716)
Advertising and marketing		(235,167)	(102,205)	(106,352)
Extemporaneous tax credits	[3]	19,527	34,247	213,183
Other expenses and income, net	[4]	(468,795)	45,604	(54,432)
Total		(121,604,719)	(140,467,245)	(108,130,017)
Classified as:
Cost of products and services sold		(116,730,469)	(136,276,257)	(104,827,966)
Selling and marketing		(2,253,226)	(2,141,985)	(1,931,666)
General and administrative expenses		(2,018,159)	(1,534,481)	(1,466,551)
Other operating income (expenses), net		(602,865)	(514,522)	96,166
Total		R$ 121604719	R$ 140467245	R$ 108130017
[1] Includes credits of PIS and COFINS that refers to Law 192 7 Refers to the obligation adopted by to meet targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note 14 Refers substantially to PIS and COFINS credits recorded in 2022 2023 Includes gains from receipt of asset insurance claims in the amount of R$ 49,355.

Costs and expenses by nature _2

Costs and expenses by nature - Additional information (Details) R$ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$)
Expenses by nature [abstract]
Gain On Insurance Claim	R$ 49355

Gain (loss) on disposal of pr_2

Gain (loss) on disposal of property, plant and equipment and intangible assets - Additional information (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Gain (loss) on disposal of property, plant and equipment and intangible assets
Gain (loss) on disposal of property, plant and equipment and intangible assets	R$ 121935	R$ 169289	R$ 184189

Other operating income, net - O

Other operating income, net - Other operating income, net (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other operating expenses, net:
Decarbonization obligation	[1]	R$ 740298	R$ 638542	R$ 161281
Other operating income, net		R$ 602865	R$ 514522	R$ 96166
[1] Refers to the obligation adopted by to meet targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note 14

Financial result, net- Financia

Financial result, net- Financial result, net (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Finance Income (Expense) [Abstract]
Interest on financial investments	R$ 518607	R$ 388675	R$ 101326
Interest from customers	127,562	128,052	109,999
Update of subscription warrants (see Note 19)	0	5,099	33,180
Selic interest on PIS/COFINS credits	132,257	35,268	201,795
Update of provisions and other income	102,458	149,595	13,854
Finance income	880,884	706,689	460,154
Interest on loans	(1,482,183)	(1,465,259)	(716,969)
Interest on leases payable	(143,005)	(128,069)	(110,878)
Update of subscription warrants (see Note 19)	(45,084)	0	0
Bank charges, financial transactions tax, and other taxes	(156,481)	(119,828)	(70,801)
Exchange variations, net of gain (loss) on hedging instruments	38,161	(458,032)	(239,106)
Update of provisions, net, and other expenses	(91,422)	(4,709)	(85,132)
Finance expenses	(1,880,014)	(2,175,897)	(1,222,886)
Financial result, net	R$ 999130	R$ 1469208	R$ 762732

Earnings per share - Basic and

Earnings per share - Basic and Diluted Earnings per Share (Detail) R$ / shares in Units, shares in Thousands, R$ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$) R$ / shares shares	Dec. 31, 2023 $ / shares	Dec. 31, 2022 BRL (R$) R$ / shares shares	Dec. 31, 2021 BRL (R$) R$ / shares shares
Earnings per share
Net income for the year of the Company, Continuing operations | R$			R$ 1498981	R$ 785199
Net income for the year of the Company, Discontinued operations | R$			301,858	65,264	[1]
Net income for the year of the Company | R$	R$ 2439795		R$ 1800839	R$ 850463
Weighted average number of shares outstanding (in thousands), Continuing operations			1,091,990	1,090,500
Weighted average number of shares outstanding (in thousands), Discontinued operations			1,091,990	1,090,500	[1]
Weighted average number of shares outstanding (in thousands)	1,095,469		1,091,990	1,090,500
Basic earnings per share – R$, Continuing operations | R$ / shares	R$ 2.2272		R$ 1.3727	R$ 0.72
Basic earnings per share – R$, Discontinued operations | (per share)		$ 0	0.2764	0.0598	[1]
Basic earnings per share -R$ | R$ / shares	R$ 2.2272		R$ 1.6491	R$ 0.7799
Diluted earnings per share
Net income for the year of the Company, Continuing operations | R$			R$ 1498981	R$ 785199
Net income for the year of the Company, Discontinued operations | R$			301,858	65,264	[1]
Net income for the year of the Company | R$	R$ 2439795		R$ 1800839	R$ 850463
Weighted average number of outstanding shares (in thousands), including dilution effects, Continuing operations			1,098,692	1,096,962
Weighted average number of outstanding shares (in thousands), including dilution effects, Discontinued operations			1,098,692	1,096,962	[1]
Weighted average number of outstanding shares (in thousands), including dilution effects	1,104,942		1,098,692	1,096,962
Diluted earnings per share – R$, Continuing operations | R$ / shares	R$ 2.2081		R$ 1.3643	R$ 0.7158
Diluted earnings per share – R$, Discontinued operations | (per share)		$ 0	0.2747	0.0595	[1]
Diluted earnings per share -R$ | R$ / shares	R$ 2.2081		R$ 1.6391	R$ 0.7753
Weighted average number of shares (in thousands)
Weighted average number of shares for basic earnings per share	1,095,469		1,091,990	1,090,500
Subscription warrants	3,334		3,445	3,548
Stock plan	6,139		3,257	2,914
Weighted average number of shares for diluted earnings per share	1,104,942		1,098,692	1,096,962
[1]For further details, see Note 29.

Earnings per share - Additional

Earnings per share - Additional Information (Detail)	Dec. 31, 2023 shares
Major ordinary share transactions [member]
Disclosure of non-adjusting events after reporting period [line items]
Rights outstanding	2,613,452

Segment information - Financial

Segment information - Financial Information of Segments (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income
Net revenue from sales and services	R$ 126048701	R$ 143634708	R$ 109732842
Transactions with third parties	126,048,701	143,634,708	109,732,842
Cost of products and services sold	(116,730,469)	(136,276,257)	(104,827,966)
Gross profit	9,318,232	7,358,451	4,904,876
Operating revenues (expenses)
Selling and marketing expenses	2,253,226	2,141,985	1,934,789
Loss allowance (reversion) for expected credit losses			3,123
General and administrative expenses	(2,018,159)	(1,534,481)	(1,466,551)
Gain (loss) on disposal of property, plant and equipment and intangible assets	121,935	169,289	184,189
Other operating income (expenses), net	(602,865)	(514,522)	96,166
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	4,565,917	3,336,752	1,787,014
Share of profit (loss) of subsidiaries, joint ventures and associates	11,908	12,181	(17,634)
Income before financial result and income and social contribution taxes	4,577,825	3,348,933	1,769,380
Depreciation of PP&E and amortization of intangible assets charges	840,377	732,241	653,118
Amortization of contractual assets with customers – exclusivity rights	607,446	504,907	282,521
Amortization of right-of-use assets	305,899	288,419	260,716
Total of depreciation and amortization	1,753,722	1,525,567	1,196,355
Expenses related to restructuring activities	167,929	157,621	154,640
Elimination of intersegment amounts [member]
Income
Net revenue from sales and services	(491,271)	(272,574)	(214,715)
Transactions with third parties	(491,271)	(272,574)	(214,715)
Cost of products and services sold	466,532	266,122	194,118
Gross profit	(24,739)	(6,452)	(20,597)
Operating revenues (expenses)
Selling and marketing expenses	0	0	0
Loss allowance (reversion) for expected credit losses			0
General and administrative expenses	24,739	6,452	20,597
Gain (loss) on disposal of property, plant and equipment and intangible assets	(59,056)	0	0
Other operating income (expenses), net	0	0	0
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	(59,056)	0	0
Share of profit (loss) of subsidiaries, joint ventures and associates	0	0	0
Income before financial result and income and social contribution taxes	(59,056)	0	0
Depreciation of PP&E and amortization of intangible assets charges	(492)	0	0
Amortization of contractual assets with customers – exclusivity rights	0	(346)	0
Amortization of right-of-use assets	0	0	0
Total of depreciation and amortization	(492)	(346)	0
Ipiranga [member]
Income
Net revenue from sales and services	114,374,621	131,337,966	99,382,617
Transactions with third parties	114,087,604	131,253,637	99,382,547
Cost of products and services sold	(107,929,732)	(126,569,490)	(96,110,408)
Gross profit	6,444,889	4,768,476	3,272,209
Operating revenues (expenses)
Selling and marketing expenses	1,606,134	1,552,636	1,409,350
Loss allowance (reversion) for expected credit losses			23,536
General and administrative expenses	(1,208,306)	(828,753)	(846,441)
Gain (loss) on disposal of property, plant and equipment and intangible assets	169,276	168,709	183,862
Other operating income (expenses), net	(658,614)	(525,966)	74,574
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	3,141,111	2,029,830	1,298,390
Share of profit (loss) of subsidiaries, joint ventures and associates	(7,508)	(10,052)	(859)
Income before financial result and income and social contribution taxes	3,133,603	2,019,778	1,297,531
Depreciation of PP&E and amortization of intangible assets charges	404,831	353,962	325,942
Amortization of contractual assets with customers – exclusivity rights	606,036	503,751	280,975
Amortization of right-of-use assets	209,994	191,178	182,245
Total of depreciation and amortization	1,220,861	1,048,891	789,162
Ipiranga [member] | Elimination of intersegment amounts [member]
Income
Transactions with third parties	287,017	84,329	70
Ultragaz [member]
Income
Net revenue from sales and services	10,670,793	11,483,398	9,744,659
Transactions with third parties	10,669,365	11,480,697	9,740,657
Cost of products and services sold	(8,485,215)	(9,446,354)	(8,626,340)
Gross profit	2,185,578	2,037,044	1,118,319
Operating revenues (expenses)
Selling and marketing expenses	626,554	576,087	438,697
Loss allowance (reversion) for expected credit losses			(20,482)
General and administrative expenses	(298,171)	(257,315)	(202,002)
Gain (loss) on disposal of property, plant and equipment and intangible assets	13,199	(1,381)	2,138
Other operating income (expenses), net	20,191	6,235	10,976
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	1,294,243	1,208,496	470,252
Share of profit (loss) of subsidiaries, joint ventures and associates	26	13	(104)
Income before financial result and income and social contribution taxes	1,294,269	1,208,509	470,148
Depreciation of PP&E and amortization of intangible assets charges	291,462	239,204	211,014
Amortization of contractual assets with customers – exclusivity rights	1,410	1,502	1,546
Amortization of right-of-use assets	61,124	56,177	46,579
Total of depreciation and amortization	353,996	296,883	259,139
Ultragaz [member] | Elimination of intersegment amounts [member]
Income
Transactions with third parties	1,428	2,701	4,002
Ultracargo Vila do Conde [member]
Income
Net revenue from sales and services	1,015,564	867,148	713,096
Transactions with third parties	815,249	684,350	518,762
Cost of products and services sold	(355,798)	(340,621)	(285,406)
Gross profit	659,766	526,527	427,690
Operating revenues (expenses)
Selling and marketing expenses	11,395	12,701	9,213
Loss allowance (reversion) for expected credit losses			69
General and administrative expenses	(167,344)	(134,208)	(127,117)
Gain (loss) on disposal of property, plant and equipment and intangible assets	103	(887)	(1,754)
Other operating income (expenses), net	2,335	3,330	3,876
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	483,465	382,061	293,551
Share of profit (loss) of subsidiaries, joint ventures and associates	11,764	(3,880)	602
Income before financial result and income and social contribution taxes	495,229	378,181	294,153
Depreciation of PP&E and amortization of intangible assets charges	105,274	94,337	76,421
Amortization of contractual assets with customers – exclusivity rights	0	0	0
Amortization of right-of-use assets	30,454	37,124	25,440
Total of depreciation and amortization	135,728	131,461	101,861
Ultracargo Vila do Conde [member] | Elimination of intersegment amounts [member]
Income
Transactions with third parties	200,315	182,798	194,334
Others [member]
Income
Net revenue from sales and services	478,994	218,770	22,452
Transactions with third parties	476,483	216,024	6,143
Cost of products and services sold	(426,256)	(185,914)	70
Gross profit	52,738	32,856	22,522
Operating revenues (expenses)
Selling and marketing expenses	9,143	561	6,184
Loss allowance (reversion) for expected credit losses			0
General and administrative expenses	(369,077)	(320,657)	(198,044)
Gain (loss) on disposal of property, plant and equipment and intangible assets	(1,587)	2,848	(48)
Other operating income (expenses), net	33,223	1,879	1,581
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	(293,846)	(283,635)	(180,173)
Share of profit (loss) of subsidiaries, joint ventures and associates	7,626	26,100	(17,273)
Income before financial result and income and social contribution taxes	(286,220)	(257,535)	(197,446)
Depreciation of PP&E and amortization of intangible assets charges	39,302	44,738	25,376
Amortization of contractual assets with customers – exclusivity rights	0	0	0
Amortization of right-of-use assets	4,327	3,940	6,185
Total of depreciation and amortization	43,629	48,678	31,561
Others [member] | Elimination of intersegment amounts [member]
Income
Transactions with third parties	2,511	2,746	16,309
Reportable segments [member]
Income
Net revenue from sales and services	126,539,972	143,907,282	109,925,105
Transactions with third parties	126,048,701	143,634,708	109,726,699
Cost of products and services sold	(117,197,001)	(136,542,379)	(105,022,154)
Gross profit	9,342,971	7,364,903	4,902,951
Operating revenues (expenses)
Selling and marketing expenses	2,253,226	2,141,985	1,928,605
Loss allowance (reversion) for expected credit losses			3,123
General and administrative expenses	(2,042,898)	(1,540,933)	(1,289,104)
Gain (loss) on disposal of property, plant and equipment and intangible assets	180,991	169,289	184,237
Other operating income (expenses), net	(602,865)	(514,522)	94,585
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes	4,624,973	3,336,752	1,967,187
Share of profit (loss) of subsidiaries, joint ventures and associates	11,908	12,181	(361)
Income before financial result and income and social contribution taxes	4,636,881	3,348,933	1,966,826
Depreciation of PP&E and amortization of intangible assets charges	840,869	732,241	627,742
Amortization of contractual assets with customers – exclusivity rights	607,446	505,253	282,521
Amortization of right-of-use assets	305,899	288,419	254,531
Total of depreciation and amortization	1,754,214	1,525,913	1,164,794
Reportable segments [member] | Elimination of intersegment amounts [member]
Income
Transactions with third parties	R$ 491271	R$ 272574	198,406
Abastece Aí [member]
Income
Net revenue from sales and services			84,733
Transactions with third parties			84,733
Cost of products and services sold			0
Gross profit			84,733
Operating revenues (expenses)
Selling and marketing expenses			71,345
Loss allowance (reversion) for expected credit losses			0
General and administrative expenses			(113,544)
Gain (loss) on disposal of property, plant and equipment and intangible assets			(9)
Other operating income (expenses), net			5,159
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes			(95,006)
Share of profit (loss) of subsidiaries, joint ventures and associates			0
Income before financial result and income and social contribution taxes			(95,006)
Depreciation of PP&E and amortization of intangible assets charges			14,365
Amortization of contractual assets with customers – exclusivity rights			0
Amortization of right-of-use assets			267
Total of depreciation and amortization			14,632
Abastece Aí [member] | Elimination of intersegment amounts [member]
Income
Transactions with third parties			R$ 0

Segment Information - Cash flow

Segment Information - Cash flow transactions and Assets (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flow
Acquisition of property, plant, and equipment	R$ 1012639	R$ 929236	R$ 1028419
Capitalized interest and other items included in property, plant and equipment and provision for ARO	35,412	32,628	10,465
Acquisition of intangible assets	274,691	277,600	237,488
Payments of contractual assets with customers – exclusive rights	597,798	769,119	420,261
Decarbonization credits (see Note 16)	778,885	635,130	176,837
Assets
Total assets (excluding intersegment transactions)	38,251,974	36,441,003
Elimination of intersegment amounts [member]
Cash flow
Acquisition of property, plant, and equipment	(131,018)	0	0
Capitalized interest and other items included in property, plant and equipment and provision for ARO	0	0	0
Acquisition of intangible assets	(7,497)	0	0
Payments of contractual assets with customers – exclusive rights	0	0	0
Decarbonization credits (see Note 16)	0	0	0
Ipiranga [member]
Cash flow
Acquisition of property, plant, and equipment	459,558	427,861	386,693
Capitalized interest and other items included in property, plant and equipment and provision for ARO	35,412	32,628	7,683
Acquisition of intangible assets	168,547	194,385	156,498
Payments of contractual assets with customers – exclusive rights	597,798	769,119	420,261
Decarbonization credits (see Note 16)	778,496	635,130	176,837
Assets
Total assets (excluding intersegment transactions)	25,042,098	23,342,826
Ultragaz [member]
Cash flow
Acquisition of property, plant, and equipment	376,312	318,750	336,871
Capitalized interest and other items included in property, plant and equipment and provision for ARO	0	0	0
Acquisition of intangible assets	56,540	38,876	30,150
Payments of contractual assets with customers – exclusive rights	0	0	0
Decarbonization credits (see Note 16)	0	0	0
Assets
Total assets (excluding intersegment transactions)	4,144,983	4,281,857
Ultracargo Vila do Conde [member]
Cash flow
Acquisition of property, plant, and equipment	292,653	175,984	298,272
Capitalized interest and other items included in property, plant and equipment and provision for ARO	0	0	2,782
Acquisition of intangible assets	1,060	9,125	15,819
Payments of contractual assets with customers – exclusive rights	0	0	0
Decarbonization credits (see Note 16)	0	0	0
Assets
Total assets (excluding intersegment transactions)	3,233,270	3,045,407
Abastece Aí [member]
Cash flow
Acquisition of property, plant, and equipment			636
Acquisition of intangible assets			34,824
Others [member]
Cash flow
Acquisition of property, plant, and equipment	15,134	6,641	5,947
Capitalized interest and other items included in property, plant and equipment and provision for ARO	0	0	0
Acquisition of intangible assets	56,041	35,214	197
Payments of contractual assets with customers – exclusive rights	0	0	0
Decarbonization credits (see Note 16)	389	0	0
Assets
Total assets (excluding intersegment transactions)	5,831,623	5,770,913
Subtotal Segments [member]
Cash flow
Acquisition of property, plant, and equipment	1,143,657	929,236	1,028,419
Capitalized interest and other items included in property, plant and equipment and provision for ARO	35,412	32,628	10,465
Acquisition of intangible assets	282,188	277,600	237,488
Payments of contractual assets with customers – exclusive rights	597,798	769,119	420,261
Decarbonization credits (see Note 16)	778,885	635,130	R$ 176837
Assets
Total assets (excluding intersegment transactions)	R$ 38251974	R$ 36441003

Segment Information - Revenue f

Segment Information - Revenue from Operations Abroad (Detail) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Revenue	R$ 126048701	R$ 143634708	R$ 109732842
Brazil [member]
Disclosure of operating segments [line items]
Revenue	124,400,378	140,801,146	109,598,146
Europe [member]
Disclosure of operating segments [line items]
Revenue	202,665	607,416	18,876
United States of America and Canada [member]
Disclosure of operating segments [line items]
Revenue	1,084,594	1,785,413	35,279
Other Latin American countries [member]
Disclosure of operating segments [line items]
Revenue	204,306	73,351	69,523
Asia and Others [member]
Disclosure of operating segments [line items]
Revenue	R$ 156758	R$ 367382	R$ 11018

Risks and Financial Instrumen_3

Risks and Financial Instruments - Assets and liabilities in foreign currencies (Detail) - BRL (R$) R$ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets in foreign currency
Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)		R$ 371474	R$ 311017
Foreign trade receivables, net of allowance for expected credit losses		84,855	6,131
Other receivables		715,877	727,057
Other assets of foreign subsidiaries		152,393	280,738
Assets in foreign currency		1,324,599	1,324,943
Liabilities in foreign currency
Financing in foreign currency, gross of transaction costs and negative goodwill of notes in the foreign market	[1]	(5,297,013)	(5,213,100)
Payables arising from imports		(1,730,426)	(1,939,984)
Liabilities in foreign currency		(7,027,439)	(7,153,084)
Balance (gross) of foreign currency hedging instruments		5,309,125	5,274,302
Net liability position – total		(393,715)	(553,839)
Net liability position - effect on statement of income		(382,858)	(553,839)
Net liability position - effect on equity		R$ 10857	R$ 0
[1] As of December 31, 2023, the amount of negative goodwill of notes in the foreign market was R$ (R$ as of December 31, 2022).

Risks and Financial Instrumen_4

Risks and Financial Instruments - Additional Information (Detail) $ in Thousands		12 Months Ended
		Dec. 31, 2023 BRL (R$) Customers	Dec. 31, 2022 BRL (R$)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 BRL (R$)	Dec. 31, 2020 BRL (R$)
Disclosure of detailed information about financial instruments [line items]
Net liability position		R$ 393715000	R$ 553839000
Maximum percentage of identified risk to cover by derivative financial instruments		100%
Gross indebtedness		R$ 11768017000	11,750,361,000			R$ 16377643000	R$ 17376216000
Cash, cash equivalents, and short-term financial investments		6,218,622,000
Notional amount of foreign exchange hedging instruments for highly probable future transactions designated as cash flow hedge, related to notes in the foreign market | $				$ 234,000	$ 0
Unrealized gain (loss) of other comprehensive income, net of deferred income and social contribution taxes		7,166,000	0
Negative goodwill of notes in the foreign market		R$ 8107000	R$ 10968000
Customer concentrations risk | Customer one | Bottom of range [member]
Disclosure of detailed information about financial instruments [line items]
Number of customers | Customers		0
Percentage of entity's consolidated revenue		10%
Brazilian real per US dollar [member]
Disclosure of detailed information about financial instruments [line items]
Average foreign exchange rate	[1]	4,941.6000
Closing foreign exchange rate		4,841.3000
Later than one year [member]
Disclosure of detailed information about financial instruments [line items]
Gross indebtedness		R$ 2363334000
[1]Average US dollar on December 31, 2023, according to benchmark rates as published by B 3

Risks and Financial Instrumen_5

Risks and Financial Instruments - Sensitivity analysis of assets and liabilities in foreign currency (Detail) - Probable Scenario [member] R$ in Thousands	Dec. 31, 2023 BRL (R$)
Disclosure of detailed information about financial instruments [line items]
Effect on statement of income	R$ 7935
Effect on equity	(225)
Total	(8,160)
Effect on statement of income	7,935
Effect on equity	225
Total	R$ 8160

Risks and Financial Instrumen_6

Risks and Financial Instruments - Financial assets and liabilities exposed to floating interest rates (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Net liability position	R$ 4043659	R$ 2548218
DI [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	(4,042,395)	(2,548,218)
DI [member] | Cash equivalents [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	5,476,726	5,204,766
DI [member] | Financial investments [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	82,592	406,683
DI [member] | Trade receivables - sale of subsidiaries [Member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	208,487	369,508
DI [member] | Loans and debentures [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	(1,242,524)	(2,460,698)
DI [member] | Liability position foreign exchange hedging instruments [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	(4,629,475)	(2,651,609)
DI [member] | Liability position of fixed interest instruments + IPCA – DI [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	(3,938,201)	(3,416,868)
TJLP [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	(1,264)	0
TJLP [member] | Loans [member]
Disclosure of detailed information about financial instruments [line items]
Net liability position	R$ 1264	R$ 0

Risks and Financial Instrumen_7

Risks and Financial Instruments - Sensitivity analysis of floating interest rate risk (Detail) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Exposure of interest rate risk
Interest effect on debt		R$ 1482183	R$ 1465259	R$ 716969
DI [member]
Exposure of interest rate risk
Interest rate		13.04%
Probable Scenario [member] | DI [member]
Exposure of interest rate risk
Effect on interest of cash equivalents and financial investments	[1]	R$ 774
Interest effect on debt	[1]	17,516
Effect on income of short positions in DI of debt hedging instruments	[1]	123,687
Incremental expenses		R$ 140429
Interest rate		10.82%
Period for sensitivity analysis		12 months
Probable Scenario [member] | TJLP [member]
Exposure of interest rate risk
Interest effect on debt		R$ 7
Incremental expenses		R$ 7
[1] The annual base rate used was % and the sensitivity rate was % according to reference rates made available by B 3 , proportional to the 12 months period to sensitivity analysis.

Risks and Financial Instrumen_8

Risks and Financial Instruments - Summary of credit risk of financial institution and government of cash, cash equivalents and financial investments (Detail) - BRL (R$) R$ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Disclosure of external credit grades [line items]
Counterparty credit rating		R$ 7170563	R$ 6584962
AAA [member]
Disclosure of external credit grades [line items]
Counterparty credit rating		6,714,493	5,720,996
AA [member]
Disclosure of external credit grades [line items]
Counterparty credit rating		408,375	809,583
A [member]
Disclosure of external credit grades [line items]
Counterparty credit rating		464	3,457
Others [member]
Disclosure of external credit grades [line items]
Counterparty credit rating	[1]	R$ 47231	R$ 50926
[1]Refers substantially to investments as minority interest, which are classified as long term investments.

Risks and Financial Instrumen_9

Risks and Financial Instruments - Loss allowance for expected credit losses balances on trade receivables (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Allowances for doubful accounts on trade receivable	R$ 468850	R$ 496040
Ipiranga [member]
Disclosure of detailed information about financial instruments [line items]
Allowances for doubful accounts on trade receivable	350,375	373,514
Ultragaz [member]
Disclosure of detailed information about financial instruments [line items]
Allowances for doubful accounts on trade receivable	116,583	120,076
Ultracargo [member]
Disclosure of detailed information about financial instruments [line items]
Allowances for doubful accounts on trade receivable	1,301	2,450
Others [member]
Disclosure of detailed information about financial instruments [line items]
Allowances for doubful accounts on trade receivable	R$ 591	R$ 0

Risks and Financial Instrume_10

Risks and Financial Instruments - Credit risk exposure (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Accounting balance	R$ 5459359	R$ 5767961
Allowance for expected credit losses	468,850	496,040
Current [member]
Disclosure of detailed information about financial instruments [line items]
Accounting balance	4,412,278	4,756,388
Allowance for expected credit losses	24,131	22,752
Less than 30 days [member]
Disclosure of detailed information about financial instruments [line items]
Accounting balance	61,451	29,817
Allowance for expected credit losses	4,683	2,230
31 to 60 days [member]
Disclosure of detailed information about financial instruments [line items]
Accounting balance	57,753	22,633
Allowance for expected credit losses	2,841	2,516
61-90 days [member]
Disclosure of detailed information about financial instruments [line items]
Accounting balance	23,845	32,522
Allowance for expected credit losses	3,646	8,617
91-180 days [member]
Disclosure of detailed information about financial instruments [line items]
Accounting balance	47,430	58,529
Allowance for expected credit losses	15,609	20,159
More than 180 days [member]
Disclosure of detailed information about financial instruments [line items]
Accounting balance	856,602	868,072
Allowance for expected credit losses	R$ 417940	R$ 439766
Weighted average [member] | Current [member]
Disclosure of detailed information about financial instruments [line items]
Expected credit loss rate	0.50%	0.50%
Weighted average [member] | Less than 30 days [member]
Disclosure of detailed information about financial instruments [line items]
Expected credit loss rate	17.60%	7.50%
Weighted average [member] | 31 to 60 days [member]
Disclosure of detailed information about financial instruments [line items]
Expected credit loss rate	4.90%	11.10%
Weighted average [member] | 61-90 days [member]
Disclosure of detailed information about financial instruments [line items]
Expected credit loss rate	15.30%	26.50%
Weighted average [member] | 91-180 days [member]
Disclosure of detailed information about financial instruments [line items]
Expected credit loss rate	32.90%	34.40%
Weighted average [member] | More than 180 days [member]
Disclosure of detailed information about financial instruments [line items]
Expected credit loss rate	48.80%	50.70%

Risks and Financial Instrume_11

Risks and Financial Instruments - Summary of loss allowance for expected credit losses balances by geographic area (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Allowance for expected credit losses	R$ 468850	R$ 496040
Brazil [member]
Disclosure of detailed information about financial instruments [line items]
Allowance for expected credit losses	467,545	495,929
United States of America and Canada [member]
Disclosure of detailed information about financial instruments [line items]
Allowance for expected credit losses	9	61
Other Latin American countries [member]
Disclosure of detailed information about financial instruments [line items]
Allowance for expected credit losses	40	31
Europe [member]
Disclosure of detailed information about financial instruments [line items]
Allowance for expected credit losses	425	5
Others [member]
Disclosure of detailed information about financial instruments [line items]
Allowance for expected credit losses	R$ 831	R$ 14

Risks and Financial Instrume_12

Risks and Financial Instruments - Positions of derivative financial instruments to hedge commodity price risk (Detail) - Commodity price risk [member] R$ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$) m³	Dec. 31, 2022 BRL (R$) m³	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Disclosure of detailed information about financial instruments [line items]
Fair value	R$ 20702	R$ 67695
Probable Scenario [member]
Disclosure of detailed information about financial instruments [line items]
Fair value	R$ 2663	R$ 157697
Heating Oil [member] | Forward contract [member]
Disclosure of detailed information about financial instruments [line items]
Notional amount (m3) | m³	189,113	158,828
Notional amount (USD thousands) | $			$ 131,473	$ 150,498
Fair value	R$ 21918	R$ 52214
Heating Oil [member] | Forward contract [member] | Probable Scenario [member]
Disclosure of detailed information about financial instruments [line items]
Fair value	R$ 2308	R$ 124293
RBOB [member] | Forward contract [member]
Disclosure of detailed information about financial instruments [line items]
Notional amount (m3) | m³	6,677	52,466
Notional amount (USD thousands) | $			3,807	31,382
Fair value	R$ 440	R$ 15481
RBOB [member] | Forward contract [member] | Probable Scenario [member]
Disclosure of detailed information about financial instruments [line items]
Fair value	R$ 11	R$ 33404
Soybean Oil [Member] | Forward contract [member]
Disclosure of detailed information about financial instruments [line items]
Notional amount (m3) | m³	1,951	0
Notional amount (USD thousands) | $			2,977	0
Fair value	R$ 52	R$ 0
Soybean Oil [Member] | Forward contract [member] | Probable Scenario [member]
Disclosure of detailed information about financial instruments [line items]
Fair value	R$ 22	R$ 0
Sea Freight [Member] | Forward contract [member]
Disclosure of detailed information about financial instruments [line items]
Notional amount (m3) | m³	40,000	0
Notional amount (USD thousands) | $			1,533	0
Fair value	R$ 1505	R$ 0
Sea Freight [Member] | Forward contract [member] | Probable Scenario [member]
Disclosure of detailed information about financial instruments [line items]
Fair value	R$ 3428	R$ 0
Marine Fuel [Member] | Forward contract [member]
Disclosure of detailed information about financial instruments [line items]
Notional amount (m3) | m³	1,727	0
Notional amount (USD thousands) | $			$ 8,231	$ 0
Fair value	R$ 99	R$ 0
Marine Fuel [Member] | Forward contract [member] | Probable Scenario [member]
Disclosure of detailed information about financial instruments [line items]
Fair value	R$ 1532	R$ 0

Risks and Financial Instrume_13

Risks and Financial Instruments - Contractual undiscounted cash outflows (Detail) R$ in Thousands	Dec. 31, 2023 BRL (R$)
Disclosure of detailed information about financial instruments [line items]
Loans including future contractual interest	R$ 13410042	[1],[2]
Derivative instruments	1,874,134	[3]
Trade payables	4,682,671
Trade payables - reverse factoring	1,039,366
Leases payable	2,309,776
Financial liabilities of customers	362,581
Contingent consideration	112,196
Other payables	190,090
Less than 1 year [member]
Disclosure of detailed information about financial instruments [line items]
Loans including future contractual interest	2,363,334	[1],[2]
Derivative instruments	673,031	[3]
Trade payables	4,682,671
Trade payables - reverse factoring	1,039,366
Leases payable	418,450
Financial liabilities of customers	18,670
Contingent consideration	0
Other payables	176,813
Between 1 and 3 years [member]
Disclosure of detailed information about financial instruments [line items]
Loans including future contractual interest	4,870,579	[1],[2]
Derivative instruments	752,126	[3]
Trade payables	0
Trade payables - reverse factoring	0
Leases payable	549,950
Financial liabilities of customers	343,911
Contingent consideration	0
Other payables	11,409
Between 3 and 5 years [member]
Disclosure of detailed information about financial instruments [line items]
Loans including future contractual interest	3,257,994	[1],[2]
Derivative instruments	387,637	[3]
Trade payables	0
Trade payables - reverse factoring	0
Leases payable	337,721
Financial liabilities of customers	0
Contingent consideration	112,196
Other payables	1,868
More than 5 years [Member]
Disclosure of detailed information about financial instruments [line items]
Loans including future contractual interest	2,918,135	[1],[2]
Derivative instruments	61,340	[3]
Trade payables	0
Trade payables - reverse factoring	0
Leases payable	1,003,655
Financial liabilities of customers	0
Contingent consideration	0
Other payables	R$ 0
[1] Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date. The interest on loans was estimated based on the US dollar futures contracts, Yen futures contracts, Euro futures contracts and on the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B 3 as of December 31, 2023. The derivative financial instruments were estimated based on the US dollar futures contracts and the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B 3

Risks and Financial Instrume_14

Risks and Financial Instruments - Schedule of leverage ratio (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]
Gross debt	R$ 13291951	R$ 13274130
Cash, cash equivalents, and short-term investments	7,170,563	6,584,962
Net debt	6,121,388	6,689,168
Equity	R$ 14029826	R$ 12174968	R$ 10469240	R$ 9910265
Leverage ratio	43.63%	54.94%

Risks and Financial Instrume_15

Risks and Financial Instruments - Summary the position of hedging instruments (Detail) € in Thousands, ¥ in Thousands, R$ in Thousands, $ in Thousands

12 Months Ended

Mar. 06, 2024

Dec. 31, 2023 BRL (R$)

Dec. 31, 2022 BRL (R$)

Dec. 31, 2021 BRL (R$)

Dec. 31, 2023 EUR (€)

Dec. 31, 2023 JPY (¥)

Dec. 31, 2023 BRL (R$)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 EUR (€)

Dec. 31, 2022 BRL (R$)

Dec. 31, 2022 USD ($)

Disclosure of detailed information about financial instruments [line items]

Final maturity

March 6,2025

Derivatives designated as hedge accounting [member]

Disclosure of detailed information about financial instruments [line items]

Fair value, Assets

R$ 637128

R$ 289893

Fair value, Liabilities

(373,895)

(152,249)

Gains (losses), Results

R$ 284504

R$ 1180344

R$ 135479

Gains (losses) Equity

R$ 0

(10,857)

0

Derivatives designated as hedge accounting [member] | Foreign exchange swap [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

USD + 0.00%

USD + 4.95%

USD + 4.65

Contracted rates-liabilities

53.60% of DI

106.67% of DI

104.87% DI

Final maturity

Oct-26

Sept-25

Sept-23

Notional amount

[1]

R$ 125000

$ 234,000

$ 221,339

Fair value, Assets

0

106,550

Fair value, Liabilities

(106,657)

(9,243)

Gains (losses), Results

R$ 145949

R$ 121296

11,712

Gains (losses) Equity

R$ 0

(10,857)

0

Derivatives designated as hedge accounting [member] | Foreign exchange swap one [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

USD + 5.47%

EUR + 3.42%

USD + LIBOR-3M

Contracted rates-liabilities

110.02% of DI

111.60% of DI

105.00% DI

Final maturity

Sept-25

Mar-23

Jun-22

Notional amount

[1]

R$ 50000

206,067

€ 9,709

Fair value, Assets

0

1,954

Fair value, Liabilities

(119,094)

0

Gains (losses), Results

R$ 223555

R$ 2573

10,779

Gains (losses) Equity

R$ 0

0

0

Derivatives designated as hedge accounting [member] | Foreign exchange swap two [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

EUR + 5.12%

USD + LIBOR-3M + 1.14%

Contracted rates-liabilities

111.93% of DI

105.00% of DI

Final maturity

Jan-24

Notional amount

[1]

€ 22,480

0

Fair value, Assets

0

0

Fair value, Liabilities

(22,529)

0

Gains (losses), Results

R$ 23304

R$ 21566

Gains (losses) Equity

0

0

Derivatives designated as hedge accounting [member] | Foreign exchange swap three [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

JPY + 1.50%

Contracted rates-liabilities

109.40% of DI

Final maturity

Mar-25

Notional amount | ¥

[1]

¥ 12,564,393

Fair value, Assets

0

Fair value, Liabilities

(120,746)

Gains (losses), Results

R$ 130726

Gains (losses) Equity

0

Derivatives designated as hedge accounting [member] | Interest rate swap contract [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

IPCA + 5.03%

IPCA + 5.03%

4.59% + IPCA

Contracted rates-liabilities

102.87% of DI

102.87% of DI

102.00% DI

Final maturity

Jun-32

Jun-32

Sept-28

Notional amount

[1]

R$ 2226054

3,226,054

3,226,054

Fair value, Assets

598,311

173,741

Fair value, Liabilities

0

(59,789)

Gains (losses), Results

R$ 260301

R$ 143762

(17,922)

Gains (losses) Equity

R$ 0

0

0

Derivatives designated as hedge accounting [member] | Interest rate swap contract one [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

10.48%

6.47%

6.47%

Contracted rates-liabilities

103.64% of DI

99.94% of DI

99.94% DI

Final maturity

Jun-27

Nov-24

Nov-24

Notional amount

[1]

R$ 90000

615,791

90,000

Fair value, Assets

12,515

0

Fair value, Liabilities

(3,182)

(9,513)

Gains (losses), Results

R$ 10694

R$ 5069

(10,088)

Gains (losses) Equity

R$ 0

0

0

Derivatives designated as hedge accounting [member] | Commodity Forward [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

BRL

BRL

Contracted rates-liabilities

Heating Oil/ RBOB

Heating Oil/ RBOB

Final maturity

Jan-24

Jul-23

Notional amount | $

[1]

129,894

181,880

Fair value, Assets

22,343

2,936

Fair value, Liabilities

(854)

(70,630)

Gains (losses), Results

R$ 50977

R$ 944896

Gains (losses) Equity

0

0

Derivatives designated as hedge accounting [member] | NDF [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

BRL

BRL

BRL

Contracted rates-liabilities

USD

USD

USD

Final maturity

Feb-24

Jan-23

Jan-22

Notional amount

[1]

R$ 68361

211,179

127,233

Fair value, Assets

3,959

4,712

Fair value, Liabilities

(833)

(3,074)

Gains (losses), Results

R$ 19012

R$ 53672

813

Gains (losses) Equity

R$ 0

0

0

Derivatives designated as hedge accounting [member] | Term [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

BRL

Contracted rates-liabilities

Heating Oil/ RBOB

Final maturity

Jan-22

Notional amount

[1]

R$ 120260

Gains (losses), Results

(130,773)

Gains (losses) Equity

0

Derivatives not designated as hedge accounting

Disclosure of detailed information about financial instruments [line items]

Fair value, Assets

189,917

266,617

Fair value, Liabilities

(252,839)

(372,062)

Gains (losses), Results

R$ 279246

R$ 792278

(54,321)

Gains (losses) Equity

R$ 0

0

0

Derivatives not designated as hedge accounting | Foreign exchange swap [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

USD + 0.00%

0.00%

2.67%

Contracted rates-liabilities

52.99% of CDI

53.0% of CDI

100.00%

Final maturity

Jun-29

Jun-29

May-21

Notional amount

[1]

R$ 0

375,000

375,000

Fair value, Assets

186,925

230,145

Fair value, Liabilities

(45,877)

(9,174)

Gains (losses), Results

R$ 188395

R$ 85474

17

Gains (losses) Equity

R$ 0

0

0

Derivatives not designated as hedge accounting | Interest rate swap contract [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

USD + 5.25%

USD + 5.25%

5.25%

Contracted rates-liabilities

1.36% of CDI

CDI - 1.36%

DI - 1.36%

Final maturity

Jun-29

Jun-29

Jun-29

Notional amount

[1]

R$ 300000

300,000

300,000

Fair value, Assets

0

0

Fair value, Liabilities

(196,243)

(308,821)

Gains (losses), Results

R$ 9257

R$ 266445

(109,081)

Gains (losses) Equity

R$ 0

0

0

Derivatives not designated as hedge accounting | Commodity Forward [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

BRL

Contracted rates-liabilities

Heating Oil/ Marine Fuel/Others

Final maturity

Mar-24

Notional amount | $

[1]

18,127

Fair value, Assets

1,524

Fair value, Liabilities

(2,310)

Gains (losses), Results

R$ 5489

Gains (losses) Equity

0

Derivatives not designated as hedge accounting | NDF [member]

Disclosure of detailed information about financial instruments [line items]

Contracted rates-assets

USD

USD

USD

Contracted rates-liabilities

BRL

BRL

BRL

Final maturity

Mar-24

Jul-23

Jun-22

Notional amount

[1]

R$ 625762

$ 457,099

$ 1,116,702

Fair value, Assets

1,468

36,472

Fair value, Liabilities

(8,409)

(54,067)

Gains (losses), Results

R$ 105597

R$ 440359

54,743

Gains (losses) Equity

R$ 0

R$ 0

R$ 0

[1]Currency as indicated.

Risks and Financial Instrume_16

Risks and Financial Instruments - Summary of foreign exchange hedging instruments designated as fair value hedge (Detail) € in Thousands, ¥ in Thousands, R$ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2023 BRL (R$)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 BRL (R$)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 BRL (R$)

Dec. 31, 2021 USD ($)

Dec. 31, 2023 EUR (€)

Dec. 31, 2023 JPY (¥)

Dec. 31, 2023 BRL (R$)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 EUR (€)

Dec. 31, 2022 JPY (¥)

Dec. 31, 2022 BRL (R$)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 EUR (€)

Dec. 31, 2021 JPY (¥)

Dec. 31, 2021 BRL (R$)

Dec. 31, 2021 USD ($)

Ipiranga [member]

Disclosure of detailed information about hedges [line items]

Notional amount | $

$ 341,074

$ 309,113

$ 188,621

Result of hedging instruments - gain/(loss) - R$

R$ 62064

R$ 891223

R$ 129670

Adjustment of inventory fair value - US$ | $

$ 61,625

$ 34,126

$ (4,352)

Foreign exchange hedging instruments [member]

Disclosure of detailed information about hedges [line items]

Notional amount | $

$ 206,067

$ 221,339

$ 175,000

Result of hedging instruments - gain/(loss) - R$

(223,555)

(142,863)

21,812

Fair value adjustment of debt - R$

(3,768)

28,000

47,064

Financial result of the debt - R$

R$ 117983

R$ 28291

R$ 105059

Average effective cost - DI %

110%

110%

107%

107%

105%

105%

Foreign exchange swap two [member]

Disclosure of detailed information about hedges [line items]

Notional amount | €

€ 22,480

€ 9,709

€ 0

Result of hedging instruments - gain/(loss) - R$

R$ 23304

R$ 2573

R$ 0

Fair value adjustment of debt - R$

230

(8)

0

Financial result of the debt - R$

R$ 2756

R$ 0

R$ 0

Average effective cost - DI %

112%

112%

112%

112%

0%

0%

Foreign exchange swap three [member] | Ipiranga [member]

Disclosure of detailed information about hedges [line items]

Notional amount | ¥

¥ 12,564,393

¥ 0

¥ 0

Result of hedging instruments - gain/(loss) - R$

R$ 130726

R$ 0

R$ 0

Fair value adjustment of debt - R$

(4,775)

0

0

Financial result of the debt - R$

R$ 63670

R$ 0

R$ 0

Average effective cost - DI %

109%

109%

0%

0%

0%

0%

Interest rate hedging instruments [member]

Disclosure of detailed information about hedges [line items]

Notional amount

R$ 3226054

R$ 3226054

R$ 2226054

Result of hedging instruments - gain/(loss) - R$

R$ 262920

R$ 143762

R$ 17922

Fair value adjustment of debt - R$

(313,641)

(44,312)

166,374

Financial result of the debt - R$

R$ 353080

R$ 293955

R$ 245710

Average effective cost - DI %

102.90%

102.90%

102.90%

102.90%

102%

102%

Interest rate swap contract one [member]

Disclosure of detailed information about hedges [line items]

Notional amount

R$ 615791

R$ 90000

R$ 90000

Result of hedging instruments - gain/(loss) - R$

R$ 8074

R$ 5069

R$ 10088

Fair value adjustment of debt - R$

(10,163)

(486)

11,756

Financial result of the debt - R$

R$ 16637

R$ 6330

R$ 5914

Average effective cost - DI %

103.60%

103.60%

99.90%

99.90%

99.90%

99.90%

Risks and Financial Instrume_17

Risks and Financial Instruments - Summary of the financial assets and financial liabilities measured at fair value (Detail) - BRL (R$) R$ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	R$ 0	R$ 0
Financial liabilities, fair value	0	450,586
Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	1,244,875	963,193
Financial liabilities, fair value	6,917,190	7,732,457
Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Financial liabilities, fair value	112,196	89,640
Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	7,029,386	5,898,849
Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	11,159,187	13,812,360
Cash and bank [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and bank [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and bank [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and cash equivalents, Securities and funds in local currency [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and cash equivalents, Securities and funds in local currency [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and cash equivalents, Securities and funds in local currency [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and cash equivalents, Securities and funds in foreign currency [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and cash equivalents, Securities and funds in foreign currency [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Cash and cash equivalents, Securities and funds in foreign currency [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Financial investments, Securities and funds in local currency [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Financial investments, Securities and funds in local currency [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	82,592	406,683
Financial investments, Securities and funds in local currency [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Derivative financial instruments and other financial assets [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Derivative financial instruments and other financial assets [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	1,162,283	556,510
Derivative financial instruments and other financial assets [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Trade Receivables [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Trade Receivables [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Trade Receivables [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Reseller Financing [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Reseller Financing [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Reseller Financing [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Trade receivables - sale of subsidiaries | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Trade receivables - sale of subsidiaries | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Trade receivables - sale of subsidiaries | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Other receivables [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Other receivables [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Other receivables [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, fair value	0	0
Loan financing liabilities [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Loan financing liabilities [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	1,584,452	1,216,341
Loan financing liabilities [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Loan financing liabilities [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	1,584,452	1,216,341
Loan financing liabilities [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Loan financing liabilities [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	4,449,857	3,973,816
Debentures [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Debentures [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	4,618,704	5,949,028
Debentures [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Debentures [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	4,618,704	3,575,195
Debentures [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Debentures [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	488,269	2,460,698
Foreign exchange, interest rate and commodity hedging instrument liabilities [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Foreign exchange, interest rate and commodity hedging instrument liabilities [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	626,735	524,312
Foreign exchange, interest rate and commodity hedging instrument liabilities [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Foreign exchange, interest rate and commodity hedging instrument liabilities [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	626,735	524,311
Foreign exchange, interest rate and commodity hedging instrument liabilities [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Foreign exchange, interest rate and commodity hedging instrument liabilities [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Trade payables [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Trade payables [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Trade payables [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Trade payables [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Trade payables [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Trade payables [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	4,682,671	4,710,952
Trade payables – reverse factoring [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Trade payables – reverse factoring [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Trade payables – reverse factoring [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Trade payables – reverse factoring [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Trade payables – reverse factoring [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Trade payables – reverse factoring [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	1,039,366	2,666,894
Subscription warrant – indemnification [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Subscription warrant – indemnification [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	87,299	42,776
Subscription warrant – indemnification [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Subscription warrant – indemnification [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	87,299	42,776
Subscription warrant – indemnification [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Subscription warrant – indemnification [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Financial liabilities of customers [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	450,586
Financial liabilities of customers [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Financial liabilities of customers [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Financial liabilities of customers [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	450,586
Financial liabilities of customers [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Financial liabilities of customers [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	308,934	0
Contingent consideration [member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Contingent consideration [member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0	0
Contingent consideration [member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	112,196	89,640
Contingent consideration [member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	112,196	89,640
Contingent consideration [member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Contingent consideration [member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	0
Other Payables [Member] | Level 1 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0
Other Payables [Member] | Level 2 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0
Other Payables [Member] | Level 3 [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, fair value	0
Other Payables [Member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0
Other Payables [Member] | Financial liabilities measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0
Other Payables [Member] | Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	190,090
Financial assets at fair value through profit or loss, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	1,244,875	963,193
Financial assets at fair value through profit or loss, category [member] | Cash and bank [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through profit or loss, category [member] | Cash and cash equivalents, Securities and funds in local currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through profit or loss, category [member] | Cash and cash equivalents, Securities and funds in foreign currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through profit or loss, category [member] | Financial investments, Securities and funds in local currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	82,592	406,683
Financial assets at fair value through profit or loss, category [member] | Derivative financial instruments and other financial assets [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	1,162,283	556,510
Financial assets at fair value through profit or loss, category [member] | Trade Receivables [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through profit or loss, category [member] | Reseller Financing [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through profit or loss, category [member] | Trade receivables - sale of subsidiaries
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through profit or loss, category [member] | Other receivables [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Cash and bank [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Cash and cash equivalents, Securities and funds in local currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Cash and cash equivalents, Securities and funds in foreign currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Financial investments, Securities and funds in local currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Derivative financial instruments and other financial assets [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Trade Receivables [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Reseller Financing [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Trade receivables - sale of subsidiaries
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at fair value through other comprehensive income, category [member] | Other receivables [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	12,702,447	12,721,881
Financial assets at amortised cost, category [member] | Cash and bank [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	125,152	111,797
Financial assets at amortised cost, category [member] | Cash and cash equivalents, Securities and funds in local currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	5,476,726	5,204,766
Financial assets at amortised cost, category [member] | Cash and cash equivalents, Securities and funds in foreign currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	323,810	305,206
Financial assets at amortised cost, category [member] | Financial investments, Securities and funds in local currency [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at amortised cost, category [member] | Derivative financial instruments and other financial assets [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	0	0
Financial assets at amortised cost, category [member] | Trade Receivables [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	4,269,473	4,533,327
Financial assets at amortised cost, category [member] | Reseller Financing [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	1,189,886	1,234,634
Financial assets at amortised cost, category [member] | Trade receivables - sale of subsidiaries
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	924,364	1,096,565
Financial assets at amortised cost, category [member] | Other receivables [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	R$ 393036	R$ 235586

Commitments - Contracts (Detail

Commitments - Contracts (Detail)	12 Months Ended
	Dec. 31, 2023
Cargo contract one [member]
Summary of contract commitments [line items]
Port	Aratu	[1]
Minimum movement in tons per years	900,000
Maturity	2022
Cargo contract two [member]
Summary of contract commitments [line items]
Port	Suape
Minimum movement in tons per years	250,000
Maturity	2027
Cargo contract three [member]
Summary of contract commitments [line items]
Port	Suape
Minimum movement in tons per years	400,000
Maturity	2029
Cargo contract four [member]
Summary of contract commitments [line items]
Port	Aratu
Minimum movement in tons per years	465,403
Maturity	2031
Cargo contract five [member]
Summary of contract commitments [line items]
Port	Itaqui
Minimum movement in tons per years	1,468,105
Maturity	2049
[1] Contract in the process of being renewed with the appropriate body, being by favorable decision, until the public entity completes the analysis so that the new amendment is signed. In a decision by the Ministry of Infrastructure, the investment plans presented by were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project.

Commitments - Additional Inform

Commitments - Additional Information (Detail)	Dec. 31, 2023 T
Aratu [member]
Disclosure of commitments and contingencies [line items]
Cargo rates per ton	9.22
Suape [member]
Disclosure of commitments and contingencies [line items]
Cargo rates per ton	3.05
Itaqui [Member]
Disclosure of commitments and contingencies [line items]
Cargo rates per ton	0.98

Acquisition of Interest and C_3

Acquisition of Interest and Control - Schedule of the provisional balances of assets acquired and liabilities assumed on the acquisition date (Details) - BRL (R$) R$ in Thousands				12 Months Ended
	Sep. 01, 2023	Feb. 01, 2023	Oct. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 01, 2023
Comprised by
Contingent consideration to be settled				R$ 112196
Net cash outflow resulting from the acquisition
Net cash consumed on investments acquisition				R$ 265479	R$ 5985	R$ 0
Ultragaz Comercial Ltda [member] | Stella GD Intermediação de Geração Distribuída de Energia Ltda [member]
Assets
Cash and cash equivalents			R$ 1586
Receivables			17
Other receivables			119
Property, plant and equipment			515
Intangible assets, net			1,024
Liabilities
Trade payables			14
Salaries and related charges			217
Taxes payable, income and social contribution taxes payable			9
Other payables			5,378
Goodwill based on expected future profitability			103,051
Acquisition value			100,694
Comprised by
Cash			7,560
Contingent consideration to be settled			93,134
Total consideration			100,694
Net cash outflow resulting from the acquisition
Consideration in cash			7,560
Cash and cash equivalents acquired			(1,586)
Net cash consumed on investments acquisition			R$ 5974
Companhia Ultragaz S A [member] | NEOgás do Brasil Gás Natural Comprimido S.A. ("NEOgás") [member]
Assets
Cash and cash equivalents		R$ 16807
Receivables		14,999
Inventories		6,626
Recoverable taxes		5,384
Judicial deposits		131
Other receivables		707
Right-of-use assets, net		5,117
Property, plant and equipment		104,700
Intangible assets, net		52,604
Liabilities
Loans and financing		93,991
Trade payables		17,600
Salaries and related charges		2,341
Taxes payable, income and social contribution taxes payable		860
Provisions for tax, civil and labor risks		1,247
Leases payable		5,191
Other payables		3,884
Goodwill based on expected future profitability		7,761
Acquisition value		89,722
Comprised by
Cash		68,935
Contingent consideration to be settled		20,787
Total consideration		89,722
Net cash outflow resulting from the acquisition
Initial consideration in cash		64,263
Subsequent consideration in cash		4,672
Cash and cash equivalents acquired		(16,807)
Net cash consumed on investments acquisition		R$ 52128
Ultracargo Logística S.A. | Terminal de Combustíveis Paulínia S.A. (“Opla”) [member]
Liabilities
Goodwill based on expected future profitability							R$ 158634
Acquisition value							R$ 210096
Ultrapar Empreendimentos Ltda. | Serra Diesel Transportador Revendedor Retalhista Ltda. [member]
Assets
Cash and cash equivalents	R$ 1719
Receivables	28,475
Inventories	9,128
Recoverable taxes	2,551
Other receivables	55
Other investments	298
Right-of-use assets, net	25,500
Property, plant and equipment	21,235
Intangible assets, net	11,619
Liabilities
Loans and financing	17,337
Trade payables	26,965
Salaries and related charges	1,933
Taxes payable, income and social contribution taxes payable	376
Leases payable	25,500
Other payables	8,194
Goodwill based on expected future profitability	14,217
Non-controlling interests	8,110
Assets acquired	60,348
Liabilities assumed	(48,183)
Acquisition value	26,382
Comprised by
Cash	5,000
Acquisition of ownership interest via capital contribution (as non-controlling interests)	16,193
Contingent consideration to be settled	5,189
Total consideration	26,382
Net cash outflow resulting from the acquisition
Initial consideration in cash	5,000
Cash and cash equivalents acquired	(1,719)
Net cash consumed on investments acquisition	R$ 3281

Acquisition of Interest and C_4

Acquisition of Interest and Control - Schedule of earnout sensitivity analysis (Details) - Ultragaz Comercial Ltda [member] - Stella GD Intermediação de Geração Distribuída de Energia Ltda [member] R$ in Thousands	12 Months Ended
	Dec. 31, 2023 BRL (R$)
Acquisition of Interest and Control
Goals	Accounting net cash flow and net revenue
Changes in goals	increase by 25.0 p.p.
Increase in liability	R$ 29545
Changes in goals	decrease by 25.0 p.p
Decrease in liabilities	R$ 27353
Percentage of reasonably possible increase in actuarial assumptions for earnout liability	25%
Percentage of reasonably possible decrease in actuarial assumptions for earnout liability	25%

Acquisition of Interest and C_5

Acquisition of Interest and Control - Schedule of breakdown of the acquisition value, considering the working capital and net debt adjustments and primary contribution (Details) - BRL (R$) R$ in Thousands			12 Months Ended
	Jul. 01, 2023	Feb. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Acquisition of Interest and Control
Net cash consumed on investments acquisition			R$ 265479	R$ 5985	R$ 0
Companhia Ultragaz S A [member] | NEOgás do Brasil Gás Natural Comprimido S.A. ("NEOgás") [member]
Acquisition of Interest and Control
Amount of NEOgás’ purchase and sale agreement		R$ 165000
Working capital and net debt estimated adjustments		10,012
Primary contribution		(85,290)
Net cash consumed on investments acquisition		52,128
Net cash consumed on investments acquisition		89,722
Goodwill on the transaction		7,761
Acquisition value		R$ 89722
Ultracargo Logística S.A. | Terminal de Combustíveis Paulínia S.A. (“Opla”) [member]
Acquisition of Interest and Control
Amount of NEOgás’ purchase and sale agreement	R$ 237500
Net cash consumed on investments acquisition	210,096
Equity of the acquired investee	51,462
Goodwill on the transaction	158,634
Acquisition value	R$ 210096

Acquisition of Interest and C_6

Acquisition of Interest and Control - Schedule of acquired intangible assets that were not recognized in the books of the acquired entity (Details) - Companhia Ultragaz S A [member] - NEOgás do Brasil Gás Natural Comprimido S.A. ("NEOgás") [member] R$ in Thousands	Feb. 01, 2023 BRL (R$)
Acquisition of Interest and Control
Total intangible assets	R$ 48892
Trademark rights [member]
Acquisition of Interest and Control
Total intangible assets	R$ 5069
Useful life	5 years
Amortization method	Straight line
Licences [member]
Acquisition of Interest and Control
Total intangible assets	R$ 14952
Useful life	3 years
Amortization method	Straight line
Software [member]
Acquisition of Interest and Control
Total intangible assets	R$ 2418
Useful life	5 years
Amortization method	Straight line
Customer-related intangible assets [member]
Acquisition of Interest and Control
Total intangible assets	R$ 26453
Useful life	16 years
Amortization method	Straight line

Acquisition of Interest and C_7

Acquisition of Interest and Control - Additional Information (Details) R$ in Thousands, m³ in Millions					12 Months Ended
	Sep. 01, 2023 BRL (R$)	Jul. 01, 2023 BRL (R$)	Feb. 01, 2023 BRL (R$)	Oct. 01, 2022 BRL (R$) MegawattPeak Customers States	Dec. 31, 2021 Number SemiTrailers m³	Dec. 31, 2023 BRL (R$)
Acquisition of Interest and Control
Contingent consideration to be settled						R$ 112196
Ultragaz Comercial Ltda [member] | Stella GD Intermediação de Geração Distribuída de Energia Ltda [member]
Acquisition of Interest and Control
Number of states in which acquiree entity operates | States				12
Number of minimum active customers in which acquiree entity offered energy solutions | Customers				11
Renewable energy, electricity power distribution capacity offered to customers | MegawattPeak				75
Total consideration paid				R$ 63000
Consideration in cash				7,560
Goodwill based on expected future profitability				103,051
Contingent consideration to be settled				93,134
Fair value of acquired trade receivables				R$ 17
Companhia Ultragaz S A [member] | NEOgás do Brasil Gás Natural Comprimido S.A. ("NEOgás") [member]
Acquisition of Interest and Control
Total consideration paid			R$ 89722
Goodwill based on expected future profitability			7,761
Minimum capacity of natural gas distributed | m³					100
Number of compression bases in the South and Southeast regions | Number					6
Number of semi-trailers for natural gas distribution | SemiTrailers					149
Amount of purchase price upon purchase and sale agreement			165,000
Primary contribution			85,290
Initial consideration in cash			64,263
Contingent consideration to be settled			20,787
Fair value of acquired trade receivables			14,999
Gross contractual amounts receivable for acquired trade receivables			R$ 15328
Ultracargo Logística S.A. | Terminal de Combustíveis Paulínia S.A. (“Opla”) [member]
Acquisition of Interest and Control
Total consideration paid		R$ 210096
Goodwill based on expected future profitability		158,634
Amount of purchase price upon purchase and sale agreement		R$ 237500
Percentage of voting equity interests acquired		50%
Ultrapar Empreendimentos Ltda. | Serra Diesel Transportador Revendedor Retalhista Ltda. [member]
Acquisition of Interest and Control
Total consideration paid	R$ 21193
Goodwill based on expected future profitability	14,217
Initial consideration in cash	5,000
Contingent consideration to be settled	5,189
Fair value of acquired trade receivables	R$ 28475
Percentage of voting equity interests acquired	60%
Acquisition of ownership interest via capital contribution (as non-controlling interests)	R$ 16193

Discontinued operations (Detail

Discontinued operations (Details) - BRL (R$) R$ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Discontinued operations
Net revenue from sales and services		R$ 126048701	R$ 143634708		R$ 109732842
Cost of products and services sold		(116,730,469)	(136,276,257)		(104,827,966)
Gross profit		9,318,232	7,358,451		4,904,876
Operating revenues (expenses)
Selling marketing and administrative		(2,253,226)	(2,141,985)		(1,931,666)
Other operating income (expenses), net		(602,865)	(514,522)		96,166
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes		4,565,917	3,336,752		1,787,014
Income before financial result and income and social contribution taxes		4,577,825	3,348,933		1,769,380
Financial result, net		(999,130)	(1,469,208)		(762,732)
Income (loss) before income and social contribution taxes		3,578,695	1,879,725		1,006,648
Net income (loss) for the year		0	301,858		65,264
Depreciation and amortization for the year		1,753,722	1,525,567		1,196,355
Net cash provided by (used in) operating activities		0	30,550		982,519
Net cash (used in) provided by investing activities		0	(220,190)		(158,733)
Net cash provided by (used in) financing activities		0	(179,025)		(552,967)
Effect of exchange rate changes on cash and cash equivalents in foreign currency		0	(19,316)		56,553
Eliminations
Discontinued operations
Net revenue from sales and services		(491,271)	(272,574)		(214,715)
Cost of products and services sold		466,532	266,122		194,118
Gross profit		(24,739)	(6,452)		(20,597)
Operating revenues (expenses)
Other operating income (expenses), net		0	0		0
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes		(59,056)	0		0
Income before financial result and income and social contribution taxes		(59,056)	0		0
Depreciation and amortization for the year		R$ 492	(346)		0
Total Discontinued operations
Discontinued operations
Net revenue from sales and services			3,267,533		9,065,795
Cost of products and services sold			(2,485,069)		(6,901,181)
Gross profit			782,464		2,164,614
Operating revenues (expenses)
Selling marketing and administrative			(639,966)		(1,664,015)
Impairment					(427,529)
Other operating income (expenses), net			246,110		25,815
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes			388,608		98,885
Share of profit (loss) of subsidiaries, joint ventures and associates			(231)		48
Income before financial result and income and social contribution taxes			388,377		98,933
Financial result, net			52,525		(146,970)
Income (loss) before income and social contribution taxes			440,902		(48,037)
Income and social contribution taxes			(217,500)		113,301
Net effect of cessation of depreciation	[1]		78,456
Net income (loss) for the year			301,858		65,264
Depreciation and amortization for the year	[2]				463,414
Net cash provided by (used in) operating activities			30,550		982,519
Net cash (used in) provided by investing activities			(220,190)		(158,733)
Net cash provided by (used in) financing activities			(179,025)		(552,967)
Effect of exchange rate changes on cash and cash equivalents in foreign currency			(19,316)		56,553
Increase (decrease) in cash and cash equivalents			(387,981)		327,372
Total Discontinued operations | Oxiteno S. A. Industria e Comercio [member]
Discontinued operations
Net revenue from sales and services			2,039,287		7,102,771
Cost of products and services sold			(1,580,000)		(5,540,773)
Gross profit			459,287		1,561,998
Operating revenues (expenses)
Selling marketing and administrative			(201,365)		(978,221)
Impairment					0
Other operating income (expenses), net			10,736		26,924
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes			268,658		610,701
Share of profit (loss) of subsidiaries, joint ventures and associates			(231)		48
Income before financial result and income and social contribution taxes			268,427		610,749
Financial result, net			23,153		(431,441)
Income (loss) before income and social contribution taxes			291,580		179,308
Income and social contribution taxes			(16,924)		69,995
Net effect of cessation of depreciation	[1]		51,372
Net income (loss) for the year			326,028		249,303
Depreciation and amortization for the year	[2]				308,564
Net cash provided by (used in) operating activities			(81,558)		1,016,580
Net cash (used in) provided by investing activities			1,011,736		(122,363)
Net cash provided by (used in) financing activities			(1,245,754)		(1,054,930)
Effect of exchange rate changes on cash and cash equivalents in foreign currency			(19,316)		56,553
Increase (decrease) in cash and cash equivalents			(334,892)		(104,160)
Total Discontinued operations | Extrafarma [member]
Discontinued operations
Net revenue from sales and services			1,235,487		1,986,932
Cost of products and services sold			(912,310)		(1,384,316)
Gross profit			323,177		602,616
Operating revenues (expenses)
Selling marketing and administrative			(438,601)		(685,794)
Impairment					(427,529)
Other operating income (expenses), net			(5,951)		(1,109)
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes			(121,375)		(511,816)
Share of profit (loss) of subsidiaries, joint ventures and associates			0		0
Income before financial result and income and social contribution taxes			(121,375)		(511,816)
Financial result, net			(25,059)		(45,265)
Income (loss) before income and social contribution taxes			(146,434)		(557,081)
Income and social contribution taxes			20,826		155,416
Net effect of cessation of depreciation	[1]		27,084
Net income (loss) for the year			(98,524)		(401,665)
Depreciation and amortization for the year	[2]				154,850
Net cash provided by (used in) operating activities			(68,370)		(33,273)
Net cash (used in) provided by investing activities			(25,323)		(35,072)
Net cash provided by (used in) financing activities			40,585		35,286
Effect of exchange rate changes on cash and cash equivalents in foreign currency			0		0
Increase (decrease) in cash and cash equivalents			(53,108)		(33,059)
Total Discontinued operations | Ultrapar [Member]
Discontinued operations
Net revenue from sales and services			0
Cost of products and services sold			0
Gross profit			0
Operating revenues (expenses)
Selling marketing and administrative			0
Other operating income (expenses), net			241,325
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes			241,325
Share of profit (loss) of subsidiaries, joint ventures and associates			0
Income before financial result and income and social contribution taxes			241,325
Financial result, net			0
Income (loss) before income and social contribution taxes			241,325
Income and social contribution taxes			(202,895)
Net effect of cessation of depreciation	[1]		0
Net income (loss) for the year			38,430
Total Discontinued operations | Eliminations
Discontinued operations
Net revenue from sales and services			(7,241)	[3]	(23,908)	[4]
Cost of products and services sold			7,241	[3]	23,908	[4]
Gross profit			0	[3]	0	[4]
Operating revenues (expenses)
Selling marketing and administrative			0	[3]	0	[4]
Impairment	[4]				0
Other operating income (expenses), net			0	[3]	0	[4]
Operating income before financial result and share of profit of subsidiaries, joint ventures and associates and income and social contribution taxes			0	[3]	0	[4]
Share of profit (loss) of subsidiaries, joint ventures and associates			0	[3]	0	[4]
Income before financial result and income and social contribution taxes			0	[3]	0	[4]
Financial result, net			54,431	[3]	329,736	[4]
Income (loss) before income and social contribution taxes			54,431	[3]	329,736	[4]
Income and social contribution taxes			(18,507)	[3]	(112,110)	[4]
Net effect of cessation of depreciation	[1],[3]		0
Net income (loss) for the year			35,924	[3]	217,626	[4]
Depreciation and amortization for the year	[2],[4]				0
Net cash provided by (used in) operating activities			180,478		(788)
Net cash (used in) provided by investing activities			(1,206,603)		(1,298)
Net cash provided by (used in) financing activities			1,026,144		466,677
Effect of exchange rate changes on cash and cash equivalents in foreign currency			0		0
Increase (decrease) in cash and cash equivalents			R$ 19		R$ 464591
[1] As of January 1, 2022, the depreciation and amortization of assets classified as held for sale ceased, in compliance with item 25 5 Balances included for a complete breakdown of segment information. Elimination between continuing and discontinued operations related to the intercompany loan between Ultrapar International and Oxiteno. Elimination between the continued operations and discontinued operations related to loan between International and .

Discontinued operations (Deta_2

Discontinued operations (Details Textuals) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Discontinued operations
Income from discontinued operations	R$ 0	R$ 301858	R$ 65264
Total Discontinued operations
Discontinued operations
Income from discontinued operations		R$ 301858	R$ 65264

Events after the reporting pe_2

Events after the reporting period - Additional Information (Detail) R$ / shares in Units, € in Thousands, ¥ in Thousands, R$ in Thousands, $ in Thousands

12 Months Ended

Mar. 24, 2024 R$ / shares shares

Mar. 08, 2024 EUR (€)

Mar. 06, 2024 EUR (€)

Mar. 05, 2024 JPY (¥)

Aug. 02, 2023 BRL (R$)

Aug. 02, 2023 USD ($)

Dec. 31, 2023

Apr. 18, 2024 shares

Mar. 08, 2024 BRL (R$)

Mar. 06, 2024 BRL (R$)

Mar. 05, 2024 BRL (R$)

Feb. 28, 2024 shares

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, maturity

March 6,2025

Borrowings, interest rate basis

CDI rate + 0.5% p.a.

Ipiranga Produtos de Petroleo S.A. ("IPP") [member] | Foreign loans [member]

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, adjustment to interest rate basis

110%

Major borrowings [member] | Ipiranga Produtos de Petroleo S.A. ("IPP") [member] | Foreign loans [member]

Disclosure of non-adjusting events after reporting period [line items]

Notional amount

€ 46,040

R$ 247099

Borrowings, interest rate

4.4285%

4.4285%

Borrowings, adjustment to interest rate basis

108.50%

108.50%

Borrowings, interest rate basis

DI

Major borrowings [member] | Ipiranga Produtos de Petroleo S.A. ("IPP") [member] | Bank Credit Bill without financial covenants

Disclosure of non-adjusting events after reporting period [line items]

Notional amount | R$

R$ 500000

Borrowings, maturity

March 5,2025

Borrowings, adjustment to interest rate basis

108.37%

108.37%

Borrowings, interest rate basis

DI

Major borrowings [member] | Ultracargo Logística S.A. | Foreign loans [member]

Disclosure of non-adjusting events after reporting period [line items]

Notional amount

€ 45,977

¥ 3,760,000

R$ 246896

R$ 123741

Borrowings, interest rate

43,775%

132,125%

43,775%

132,125%

Borrowings, maturity

March 10,2025

August 30,2024

Borrowings, adjustment to interest rate basis

108.50%

108.90%

108.50%

108.90%

Borrowings, interest rate basis

DI

DI

Major business combination [member] | Hidrovias do Brasil [Member]

Disclosure of non-adjusting events after reporting period [line items]

Number of shares acquired

128,369,488

Percentage of voting equity interests acquired

16.88%

Business combination, Share Price | R$ / shares

R$ 3.98

Percentage of voting equity interests held

4.99%

Percentage of ownership interests held

21.87%

Major ordinary share transactions [member]

Disclosure of non-adjusting events after reporting period [line items]

Number of shares issued

1,115,404,268

191,778

Major transactions from discontinued operations [Member] | Oxiteno S. A. Industria e Comercio [member] | Discontinued operations [member] | Indorama Ventures PLC

Disclosure of non-adjusting events after reporting period [line items]

Final subsequent installment received from disposal group transaction

R$ 757140

$ 150,000