THE Petrobras (PETR4) said this Wednesday that it raised the price of aviation kerosene (QAV) sold to distributors by 17.1%, after an 11.6% drop announced in early January.
According to the company’s statement to Reuters, with the changes, the accumulated variation in fuel prices is up 3.5% in 2023.
QAV price adjustments are monthly and defined through contractual formulas negotiated with distributors, said the oil company.
“Petrobras QAV sales prices seek balance with the market and follow changes in the value of the product and the rate of exchangeup and down, with readjustments applied on a monthly basis, mitigating the daily volatility of international and exchange rates,” said the company.
Petrobras sells the QAV produced in its refineries or imported only to distributors, which, in turn, transport and sell the products to transport airlines and other final consumers at airports, or to resellers.
Distributors and resellers are responsible for installations at airports and supply services.
Source: Moneytimes
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