Decentralized multi-agent navigation under uncertainty is a complex task that arises in numerous robotic applications. It requires collision avoidance strategies that account for both kinematic constraints, sensing and action execution noise. In this paper, we propose a novel approach that integrates the Model Predictive Path Integral (MPPI) with a probabilistic adaptation of Optimal Reciprocal Collision Avoidance. Our method ensures safe and efficient multi-agent navigation by incorporating probabilistic safety constraints directly into the MPPI sampling process via a Second-Order Cone Programming formulation. This approach enables agents to operate independently using local noisy observations while maintaining safety guarantees. We validate our algorithm through extensive simulations with differential-drive robots and benchmark it against state-of-the-art methods, including ORCA-DD and B-UAVC. Results demonstrate that our approach outperforms them while achieving high success rates, even in densely populated environments. Additionally, validation in the Gazebo simulator confirms its practical applicability to robotic platforms. A source code is available at http://github.com/PathPlanning/MPPI-Collision-Avoidance.