Petrobras cuts natural gas price 0.9% and raises aviation kerosene 1.9%
Petrobras announced a temporary volatility‑protection mechanism that will lower the average price of natural gas sold to distributors by 0.9% starting 1 August, provided all distributors participate. Without the mechanism, the price would have risen about 11.8% versus the previous quarter. The scheme ties gas pricing to Brent crude and Henry Hub benchmarks, with Brent up roughly 23.3%, Henry Hub down 15.4% and the exchange rate appreciating 4.0% in the reference period.
At the same time, Petrobras increased the price of aviation kerosene (QAV) by 1.9% (R$0.09 per litre) effective 1 August, reversing recent monthly declines of 14.46% in July and 14.2% in June. The April price hike of 54.63% had been linked to the Middle‑East conflict. The Brazilian government is reviewing an extension of the temporary PIS/Pasep and Cofins tax exemption on QAV until the end of the year.
Entities: Aviation kerosene (QAV) · Brazilian Government · Brent crude · Henry Hub · Petrobras
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] In the reference period, Brent price rose approximately 23.3%, Henry Hub price fell about 15.4%, and the exchange rate appreciated 4.0%. (Petrobras)
- [● 2 SOURCES] Without the mechanism, the natural gas price would have increased about 11.8% compared to the previous quarter. (Petrobras)
- [○ 1 SOURCE] The kerosene price increase reverses previous monthly declines of 14.46% in July and 14.2% in June. (Petrobras)
- [● 2 SOURCES] Petrobras will apply an average 0.9% reduction in natural gas sales price effective August 1, assuming all distributors join the temporary volatility protection mechanism. (Petrobras)
- [● 2 SOURCES] The mechanism introduces price bands (floor and ceiling) linked to Brent crude price for calculating gas sold to distributors. (Petrobras)
- [○ 1 SOURCE] The Brazilian government is evaluating extending the PIS/Pasep and Cofins tax exemption on QAV until December 31. (Brazilian government)
- [○ 1 SOURCE] Petrobras increased aviation kerosene (QAV) price by 1.9% (R$0.09 per litre) effective August 1. (Petrobras)
- [○ 1 SOURCE] In April, Petrobras raised QAV price by 54.63% due to the Middle East war. (Petrobras)