Petrobras announced that the average price of jet fuel sold to distributors will rise by 18%, with the increase taking effect on May 1, 2026.
The hike follows Petrobras’ recent shift away from import‑parity pricing toward a market‑aligned strategy, and it comes after the company implemented a similar 18% increase in April to spread the impact on airlines.
The price adjustment reflects higher crude oil costs and increased refining expenses, and it is intended to lift jet fuel revenue and improve the refining segment’s margin contribution.
Airlines will face higher operating costs, but Petrobras had already staged the April increase to ease the transition, balancing price power with customer sensitivity.
The move supports Petrobras’ goal of 95 % refinery utilization in Q1 2026, as higher margins are expected from the modernized downstream infrastructure.
Brazil remains a major consumer of aviation fuel, and while the industry is moving toward sustainable aviation fuel, conventional jet fuel still dominates; Petrobras has also delivered its first SAF batch in December 2025.
The price increase aligns with Petrobras’ strategy to reduce exposure to international price volatility and maintain competitive pricing for its customers.
The 18% hike is a significant pricing decision that will affect airline costs and Petrobras’ refining margins, reflecting broader market dynamics and the company’s strategic shift toward market‑aligned pricing.
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