It originated as part of the company Empresa Brasileira de Gás a Domicílio, created by Ernesto Igel, founder of Ultra Group.

[3] Austrian entrepreneur Ernesto Igel moved to Brazil from Vienna in 1920, and founded Empresa Brasileira de Gás à Domicílio in 1937.

Empresa Brasileira de Gás à Domicílio started small with three delivery trucks and less than 200 customers.

By the early 1960s, operating as Ultragaz, the company served a customer base of 1 million users.

[5][6] In October 2011, Ultragaz acquired the LPG distribution branch of the Spanish company Repsol in Brazil for R$50 million.