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Petrobras Cuts Fuel Prices Again, This Time for Aviation Kerosene, Which Will Be Sold at a Lower Price to Distributors

Written by Roberta Souza

Published on 26/08/2022 at 20:09

Oil and Gas

Foto: reprodução pixabay.com

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The Price Adjustment of Aviation Kerosene Made by Petrobras Was 10.4% and Will Take Effect from September 1st for Distributors

On the next September 1st, Petrobras will adjust the prices of Aviation Kerosene (QAV) with a decrease of 10.4% in the selling prices for distributors. This will be the second consecutive reduction in kerosene prices, which had already suffered a -2.6% adjustment at the beginning of August.

According to the practice that has been in place for the last 20 years, price adjustments for kerosene are monthly and defined through a contractual formula negotiated with the distributors. The selling prices of Petrobras’ kerosene for the distribution companies aim to balance with the international market and follow the variations in the value of kerosene and the exchange rate, both up and down, with adjustments applied on a monthly basis, mitigating the daily volatility of international quotations and exchange rates.

Petrobras sells the kerosene developed in its refineries or imported only to distributors. The distributors, in turn, transport and sell the kerosene to airline companies and other end customers at airports, or to other resellers. The distributors and resellers are responsible for the installations at the airports and for the refueling services of the aircraft’s kerosene.

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After Petrobras Price Reductions, Cities in Santa Catarina (SC) Have Gasoline Below R$ 5, but Diesel is Still Expensive

Some cities located on the coast of Santa Catarina (SC) already have the price of gasoline below R$ 5, ranging between R$ 4.90 to R$ 4.99, one of them being Penha, which can be found northward, towards Paraná (PR). Meanwhile, cities located in the Central East have varied gasoline prices, around R$ 5.20 per liter.

The price decrease occurred after the announcement that Petrobras would be implementing a new adjustment in August for “internal price control.” Diesel, however, remains expensive, affecting mainly the truck drivers who need to refuel their trucks. The price per liter also varies depending on the region being visited. For example, in Brusque, Santa Catarina (SC), the price of diesel is around R$ 7.40 per liter.

The Petrobras adjustment was nearly 5% and directly impacted the prices charged by gas stations to residents of Santa Catarina (SC), decreasing from R$ 3.71 to R$ 3.53 (R$ 0.18 less per liter).

Some analysts argue that this price drop is due to the elections, which are expected to take place in October this year, featuring a fierce competition between right and left parties, including former president Luiz Inácio Lula da Silva, who will compete with the current president of Brazil, Jair Bolsonaro.

According to Petrobras, the adjustment happened only internally and at a national scale, as they are trying not to pass on the price of gasoline and diesel to the final consumer. The increase, according to the state-owned company, observed over the last two years, occurred due to the exponential rise in oil barrel prices, exacerbated by the war between Russia and Ukraine.

Petrobras Cuts Fuel Prices Again, This Time for Aviation Kerosene, Which Will Be Sold at a Lower Price to Distributors

The Price Adjustment of Aviation Kerosene Made by Petrobras Was 10.4% and Will Take Effect from September 1st for Distributors

After Petrobras Price Reductions, Cities in Santa Catarina (SC) Have Gasoline Below R$ 5, but Diesel is Still Expensive

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Petrobras Cuts Fuel Prices Again, This Time for Aviation Kerosene, Which Will Be Sold at a Lower Price to Distributors

The Price Adjustment of Aviation Kerosene Made by Petrobras Was 10.4% and Will Take Effect from September 1st for Distributors

After Petrobras Price Reductions, Cities in Santa Catarina (SC) Have Gasoline Below R$ 5, but Diesel is Still Expensive

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Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

China has begun the second phase of energy assistance to Cuba with a 120 MW solar generation plan, and the first result is a photovoltaic park with batteries that regulates voltage, controls frequency, and provides local autonomy to an island suffocated by chronic blackouts.

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