# Brazil aviation fuel price changes

> Live situation record from CLSTR: https://clstr.news/situations/brazil-aviation-fuel-price-changes
> Updated: 2026-08-06T16:11:40.000Z. Sources: 15. Developments: 3.

In late July 2026 Brazil’s aviation kerosene (QAV) price had risen sharply, reaching R$ 5.66 per litre – a 57.6% increase over the previous year and a 34.1% jump from June 2024. Petrobras had lifted the QAV price by 1.9% (R$ 0.09 per litre) on 1 May after a 14.46% cut the month before, reflecting the market‑driven pricing model that supplies fuel to airports and airlines.

On 1 August, Petrobras activated a temporary volatility‑protection mechanism that lowered the average natural‑gas price for distributors by 0.9% while again raising the QAV price by 1.9% (R$ 0.09 per litre). The scheme ties gas pricing to Brent and Henry Hub benchmarks—Brent up roughly 23.3%, Henry Hub down 15.4% and the exchange rate up 4.0%—and prevents an estimated 11.8% quarterly increase that would have occurred without it. The government continues reviewing an extension of the temporary PIS/Pasep and Cofins tax exemption on QAV through year‑end.

Since the February 28 outbreak of the Middle‑East conflict, QAV prices have surged about 49% to a peak of R$ 8.48 per litre in early 2026. The three largest carriers—Azul, Gol and LATAM—face roughly R$ 5.2 billion in extra fuel costs, pushing fuel’s share of operating expenses from 32% to 39% and coinciding with a 62.6% drop in QAV volumes in the first five months. To mitigate the impact, Brazil’s development bank BNDES announced a R$ 13.2 billion credit line, including R$ 8 billion for working‑capital financing.

Overall, the period shows Petrobras alternating between price cuts and modest hikes for aviation fuel amid broader market volatility, while simultaneously reducing natural‑gas prices for distributors and the government considers tax relief extensions.

## Claims

- 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. (corroborated by 2 sources)
- Without the mechanism, the natural gas price would have increased about 11.8% compared to the previous quarter. (corroborated by 2 sources)
- The mechanism introduces price bands (floor and ceiling) linked to Brent crude price for calculating gas sold to distributors. (corroborated by 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%. (corroborated by 2 sources)
- Petrobras increased aviation kerosene (QAV) price by 1.9% (R$0.09 per litre) effective August 1. (single source)
- The kerosene price increase reverses previous monthly declines of 14.46% in July and 14.2% in June. (single source)
- In April, Petrobras raised QAV price by 54.63% due to the Middle East war. (single source)
- The Brazilian government is evaluating extending the PIS/Pasep and Cofins tax exemption on QAV until December 31. (single source)

## Timeline

### 2026-08-06: Brazilian airlines face $5.2 billion extra cost as aviation fuel prices surge

Brazilian airlines incurred an extra R$ 5.2 billion due to a 49% rise in aviation fuel prices since the Feb 28 Middle‑East conflict, prompting BNDES to offer R$ 13.2 billion in credit.

2 sources. https://clstr.news/cluster/brazilian-airlines-face-52-billion-extra-cost-as-aviation-fuel-prices-surge

### 2026-08-02: Petrobras cuts natural gas price 0.9% and raises aviation kerosene 1.9%

Petrobras reduced natural gas price 0.9% via a volatility mechanism and raised aviation kerosene price 1.9% per litre, affecting distributors and potentially airline ticket costs.

5 sources. https://clstr.news/cluster/petrobras-cuts-natural-gas-price-09-and-raises-aviation-kerosene-19

### 2026-07-31: Brazil aviation fuel prices surge as kerosene costs climb

Brazil's aviation kerosene price rose 57.6% YoY to R$5.66/L, while average tickets increased only 0.3%. Petrobras lifted QAV prices 1.9% after a prior 14.46% cut, tightening airline cost pressures.

8 sources. https://clstr.news/cluster/brazil-aviation-fuel-prices-surge-as-kerosene-costs-climb

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Cite as: Brazil aviation fuel price changes. CLSTR, https://clstr.news/situations/brazil-aviation-fuel-price-changes