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

Be the first to react!

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.

ARTICLE CONTINUES BELOW

See also

Monthly, the sales contracts for aviation kerosene are adjusted according to fluctuations in the international market.

In July, Brent crude oil, a reference traded in London, recorded a cumulative increase of 13%.

This puts Petrobras under pressure to also adjust gasoline and diesel prices, as these fuels are already lagging behind international quotations.

Even in the face of pressure, Petrobras issued a statement asserting that it still sees uncertainties and does not wish to pass on volatilities to Brazilian consumers.

The president of the state-owned company, Jean Paul Prates, denied on social media any government pressures to maintain prices and emphasized that President Lula did not veto or order any conduct from the company.

“The leadership of President Lula and the implementation of the government program endorsed at the polls conceptually guide the philosophy of the current management, while safeguarding all applicable governance, compliance, and cost-effectiveness rules for a mixed capital state-owned company,” Prates concluded.

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

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With prices starting from R$ 36 thousand, a 38 m² two-bedroom house arrives disassembled on a truck, assembles in days, and already comes with a door, window, floor, and roof, without a bricklayer, without debris, and without budget surprises.

A giant ship, set to depart from Brazil for Venezuela, sank with 5,000 cattle and tons of oil, and has remained at the bottom of the sea for over 10 years, rendering the beach unusable and causing environmental impacts.

Virus alert on the small island: Tristan da Cunha, without an airport and with only 216 residents, now under attention for hantavirus.

A public school student creates an “electric defensive” that uses only water, salt, and energy to protect crops without industrial pesticides, wins the Young Scientists Award 2025, and transforms an invisible chemical process into a solution for small farmers.

Brazil wants to become a military power, and missiles capable of hitting targets up to 200 km away begin to be produced in SIATT’s national factory, which already delivers the first batch to the Army and expands strategic surveillance of the Blue Amazon.

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

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

A 45 km² oil slick appears in satellite images near Kharg Island, an area that accounts for 90% of Iran’s oil exports.

While Petrobras operates at 7,000 meters in the pre-salt layer, China is extracting oil and gas at 10,910 meters onshore — Shenditake 1 is the world’s first onshore well to exceed 10 km.

Brazil discovers natural hydrogen in four states and enters the silent race that could redraw the energy transition: Petrobras has already invested R$ 20 million in studies.

Trump promises transparency in Venezuela’s oil, but secret deals and corruption allegations continue to surround the billion-dollar sector.

Oil near US$100 raises tension on Wall Street and amplifies global fear about inflation, energy, and the Middle East crisis

With prices starting from R$ 36 thousand, a 38 m² two-bedroom house arrives disassembled on a truck, assembles in days, and already comes with a door, window, floor, and roof, without a bricklayer, without debris, and without budget surprises.

A giant ship, set to depart from Brazil for Venezuela, sank with 5,000 cattle and tons of oil, and has remained at the bottom of the sea for over 10 years, rendering the beach unusable and causing environmental impacts.

Virus alert on the small island: Tristan da Cunha, without an airport and with only 216 residents, now under attention for hantavirus.

A public school student creates an “electric defensive” that uses only water, salt, and energy to protect crops without industrial pesticides, wins the Young Scientists Award 2025, and transforms an invisible chemical process into a solution for small farmers.

Brazil wants to become a military power, and missiles capable of hitting targets up to 200 km away begin to be produced in SIATT’s national factory, which already delivers the first batch to the Army and expands strategic surveillance of the Blue Amazon.