Overview
- Petrobras raised the average price of aviation kerosene by 13.9% at its 13 refineries, an increase that took effect on Tuesday and added R$0.68 per liter to August levels.
- The company says the move reflects higher global jet-fuel quotations tied to tensions in the Middle East, and it restarted a program that lets distributors spread the increase over up to three monthly installments.
- The September adjustment is the fifth price change this year and brings the cumulative 2026 rise to 53.3%, or R$1.94 per liter compared with December 2025.
- Fuel normally accounts for about 30% of airlines' operating costs, so analysts warn the larger QAV price will put upward pressure on ticket prices but any fare increases are likely to appear gradually and unevenly across routes.
- Petrobras sells QAV only to distributors, who handle airport storage and refueling, and the company's parametric contractual pricing formula smooths short-term shocks but does not shield domestic consumers from sustained global price moves, a pattern that has produced volatile monthly swings this year.