Petrobras raises average aviation fuel price 11.76% in Brazil
Based on · First reported · Updated
- Petrobras increased the average price of aviation kerosene (QAV) from R$ 5,585 to R$ 6,242 per liter, a rise of 11.76% that takes effect on 1 October. The hike is linked to the war in the Middle East and instability in the Strait of Hormuz.
- Petrobras adjusted the average price of aviation fuel (QAV) by 11.76% at its refineries. The new price of R$ 6,242 per liter replaces the September level of R$ 5,585 per liter. The increase becomes effective on Thursday, 1 October. Petrobras attributes the rise to the war in the Middle East, which has disrupted oil‑derivatives logistics and caused instability in the Strait of Hormuz. The current average price is 74% higher than on 1 March, when it was R$ 3,592 per liter, the day after US and Israeli attacks on Iran began. Aviation fuel accounts for about 30% of Brazilian airlines' operating expenses, so the price jump will significantly affect airline cost structures.
- Petroleum price adjustments for QAV are made on the first day of each month according to contract terms, indicating further monthly revisions are expected.
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