
AI-generated summary
Petrobras adjusts aviation kerosene prices monthly following contracts with distributors. The formula seeks to smooth the volatility of the international market.
According to the company, the adjustment reflects the increase in international QAV prices, amid geopolitical tensions in the Middle East and the reduction in refining capacity in Russia and Ukraine as a result of the conflict between the two countries.
The prices of QAV sold by Petrobras to distributors are adjusted at the beginning of each month, as provided for in the contracts. According to the state-owned company, the pricing of aviation kerosene in the Brazilian market follows a formula that reduces price fluctuations in the short term, which results in more moderate adjustments than those observed abroad.
"In the main international markets, QAV prices for airlines are adjusted more frequently, with daily revisions possible, which means they reflect market conditions more quickly", explained the company in a note.
"In this context, the accumulated variations since the beginning of the conflict have been higher in international markets than those observed in Brazil, indicating that the price of Petrobras' QAV remains competitive" he added.

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