Petrobras Reduces Aviation Kerosene and Gasoline Prices Again, and Airfares May Get Cheaper!
Petrobras announced that on October 1st, the selling prices of asphalts will decrease by 10.5% for distributors. In addition, the state-owned company will also adjust the prices of Aviation Kerosene (QAV) and Aviation Gasoline (GAV).
This is the third consecutive reduction in asphalt prices, which had already decreased by 6.4% in September and 4.5% in August, following market trends.
It is important to emphasize that the Brazilian market is open to free competition and there are no legal, regulatory, or logistical restrictions for other companies to operate as asphalt producers or importers.
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Thus, the pricing method seeks balance with the market and follows fluctuations in the product value and exchange rate, both up and down, but does not pass on the daily volatility of international quotes and exchange rates.
Aviation Gasoline and Kerosene Prices Will Also Decrease Starting Tomorrow (10/01)
Petrobras will also adjust the prices of Aviation Gasoline (GAV) and Aviation Kerosene (QAV), which starting tomorrow will see a reduction of 0.84% in the selling prices of QAV for distributors and 5.9% for GAV.
According to Petrobras, the price adjustments for gasoline and aviation kerosene are monthly and defined through a contractual formula negotiated with the distributors.
According to ANP regulations, the new prices will be available on this site starting October 1st, the effective date.
