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Airlines Pressure Government and Petrobras for Reduction in Aviation Fuel Prices.

Written by Paulo Nogueira

Published on 11/12/2023 at 17:29

Oil and Gas

Iata afirmou que os preços locais não refletem a realidade de um país produtor de petróleo – Todos os direitos: Info Money

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Iata Alerted to the Disparity Between Local Prices and Global Costs of Oil.

The Iata, the international airline association, is requesting measures from the federal government and Petrobras (PETR4) to adjust the way aviation fuel is priced in Brazil, due to the jet fuel prices considered ‘excessively high’ by the association.

According to the International Air Transport Association (Iata), local fuel prices do not align with the reality of a fuel-producing country, which is one of the main challenges faced by the aviation sector in Brazil. The rise in oil prices also has a direct impact on the costs for airlines.

Aviation Fuels: Petrobras Adjusts Prices Based on Global Factors

At the beginning of each month, Petrobras makes adjustments to aviation fuel prices, taking into account variables such as global oil prices and exchange rates.

ARTICLE CONTINUES BELOW

Monopoly and Administrative Costs Impact Aviation Fuel Prices

The head of Iata in the Americas, Peter Cerda, highlighted that Petrobras’ monopoly position and the additional administrative costs charged by the supplier result in artificially inflated fuel prices for aviation.

Complaints from Airlines About Fuel Prices

Local airlines, including Azul (AZUL4), have complained about high aviation fuel prices. The CEO of Azul, John Rodgerson, stated that Brazil has ‘the most expensive fuel in the world’.

Impact of Aviation Fuel Prices on Airline Costs

Aviation fuel accounts for about 40% of an airline’s total costs in Brazil, while the global average is 30%. According to Iata, during a time of exceptionally high prices worldwide, this creates significant impacts on operational costs.

Complaints About Taxes Charged on Jet Fuel

In addition to high aviation fuel prices, airlines complain about the taxes charged on jet fuel in Brazil, stating that this negatively impacts the competitiveness of the sector.

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Source: Info Money

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Airlines Pressure Government and Petrobras for Reduction in Aviation Fuel Prices.

Iata Alerted to the Disparity Between Local Prices and Global Costs of Oil.

Aviation Fuels: Petrobras Adjusts Prices Based on Global Factors

Monopoly and Administrative Costs Impact Aviation Fuel Prices

Complaints from Airlines About Fuel Prices

Impact of Aviation Fuel Prices on Airline Costs

Complaints About Taxes Charged on Jet Fuel

Real Time

Ibovespa Live: Stock Exchange Fluctuates With External Factors; VALE3 and PCAR3 Drop, PETR4 Fluctuates

Global Markets Operate Mixed Ahead of Interest Rate Decisions

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Airlines Pressure Government and Petrobras for Reduction in Aviation Fuel Prices.

Iata Alerted to the Disparity Between Local Prices and Global Costs of Oil.

Aviation Fuels: Petrobras Adjusts Prices Based on Global Factors

Monopoly and Administrative Costs Impact Aviation Fuel Prices

Complaints from Airlines About Fuel Prices

Impact of Aviation Fuel Prices on Airline Costs

Complaints About Taxes Charged on Jet Fuel

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