Petrobras increases jet fuel costs by 12% effective October 1

Petrobras: Petrobras is Brazil's state-controlled oil and gas company focused on exploration, production, refining, and distribution of petroleum products including jet fuel. It operates major refineries across the country and adjusts prices for aviation kerosene based on international market conditions. The company is directly implementing the jet fuel cost increase at key refineries starting October 1. Price Adjustments: Petrobras periodically adjusts jet fuel prices at its refineries in response to changes in global oil markets and supply chain factors. Geopolitical Influence: Geopolitical tensions in the Middle East have been driving volatility in international jet fuel and petroleum product prices. Sustainable Aviation Fuels: Petrobras is advancing plans and certifications for sustainable aviation fuel production at several refineries in line with Brazil's energy transition objectives.