On the 1st of October, Petrobras will adjust the prices of Aviation Kerosene (QAV) with a reduction of 0.84% ??in the sales values ??for the distributors. This is the third straight reduction in QAV prices, which had already been reduced by 10.4% in September and by 2.6% in August.
As a practice that dates back to the last 20 years, QAV price adjustments are monthly and defined through a contractual formula negotiated with the distributors. Petrobras' QAV sales prices for distribution companies seek balance with the international market and follow the variations in the value of the product and the exchange rate, up and down, with adjustments applied on a monthly basis, mitigating the daily volatility of international quotations and exchange rates.
Petrobras markets the QAV produced in its refineries or imported only to distributors. The distributors, in turn, transport and sell the product to air transport companies and other final consumers at airports, or to resellers. Distributors and resellers are responsible for airport facilities and fueling services.
It is important to note that the Brazilian market is open to free competition and there are no legal, regulatory or logistical restrictions for other companies to act as producers or importers of QAV.
To find out about Petrobras' sales prices for distributors, we invite you to visit: precos.petrobras.com.br. Pursuant to ANP regulation, the new QAV prices will be available on this website from October 1st, the effective date.
