Amid Rising Oil Prices, Petrobras Raises Aviation Kerosene Prices and Airfares May Become Even More Expensive

Written by Ruth Rodrigues

Published on 04/08/2023 at 09:46

Updated on 04/08/2023 at 09:47

Fonte: Agência INFRA

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As A Result Of Rising Fuel Prices, Airfare Values May Increase. This Is Another Measure Adopted By Petrobras Amidst The High Oil Market.

Amid the fluctuations in the international oil and natural gas market, Petrobras is taking another measure to control gasoline and diesel prices. Last Tuesday (01/08), the company raised aviation kerosene prices in Brazil by 4.3%. Although necessary to control the balance, the oil company’s measure may cause an increase in airfare across the country in the coming weeks.

Petrobras Raises Aviation Kerosene Prices By 4.3% In The Brazilian Market

Taking new directions in the national oil and gas sector, Petrobras resists adjusting gasoline and diesel prices and decides to pass on the recent increase in international oil prices to other segments.

On Tuesday, the oil company announced a 4.3% increase in aviation kerosene prices. This fuel is one of the components that influence airfare prices.

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Difficulties In Gasoline Refining Scenario Impact Petrobras Decisions

The challenges in the international oil and gas market have led Petrobras to take quite ambiguous measures in the Brazilian scenario.

Analysts from Goldman Sachs released a report warning that Petrobras’ gasoline refining margin is close to zero.

This means the company is facing difficulties in this sector, which may have implications for fuel prices.

Despite the challenges in gasoline refining, Petrobras benefits from rising oil prices, which inflate profits in its exploration and production area. This factor may help to mitigate some of the adversities faced by the company.

Experts have warned that very low prices may create market distortions, bringing losses to both Petrobras and ethanol producers.

This situation was observed during Dilma Rousseff’s government, highlighting the importance of a balanced pricing policy.

In the current scenario of adjustments in various fuels, the company’s decisions may have significant impacts on the market.

With the increase in aviation kerosene prices, airfares may suffer impacts on their values, as fuel is a significant component in the cost makeup of trips.

Consumers may face a scenario of possible increases in airfare prices in the upcoming periods.

Now, it remains to wait for Petrobras’ next steps regarding the fuel sector in the national territory.

Amid Rising Oil Prices, Petrobras Raises Aviation Kerosene Prices and Airfares May Become Even More Expensive

As A Result Of Rising Fuel Prices, Airfare Values May Increase. This Is Another Measure Adopted By Petrobras Amidst The High Oil Market.

Petrobras Raises Aviation Kerosene Prices By 4.3% In The Brazilian Market

Difficulties In Gasoline Refining Scenario Impact Petrobras Decisions

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Amid Rising Oil Prices, Petrobras Raises Aviation Kerosene Prices and Airfares May Become Even More Expensive

As A Result Of Rising Fuel Prices, Airfare Values May Increase. This Is Another Measure Adopted By Petrobras Amidst The High Oil Market.

Petrobras Raises Aviation Kerosene Prices By 4.3% In The Brazilian Market

Difficulties In Gasoline Refining Scenario Impact Petrobras Decisions

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An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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