Petrobras announced today (26), in Rio de Janeiro, that, on September 1st, it will adjust aviation kerosene (QAV) prices with a 10.4% reduction in sales prices for distributors. It’s the second followed drop in QAV priceswhich had already suffered a reduction of -2.6% in early August.
“According to 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”, said a company statement.
only for distributors
Petrobras markets the QAV produced in its refineries or imported only to distributors. They, in turn, transport and sell the product to air transport companies and other end consumers at airports or to dealers. 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,” Petrobras said.
