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Brazil aviation fuel price changes

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-04 20:54 UTC → 2026-08-07 19:04 UTC · added removed

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. Two days later, On 1 August, Petrobras announced activated a temporary volatility‑protection mechanism that would lower lowered the average natural‑gas prices price for distributors by 0.9% from 1 August, while again raising the QAV price by 1.9% effective the same date. This increase reversed recent monthly declines of more than 14% (R$ 0.09 per litre). The scheme ties gas pricing to Brent and followed Henry Hub benchmarks—Brent up roughly 23.3%, Henry Hub down 15.4% and the exchange rate up 4.0%—and prevents an earlier 54.63% hike in April estimated 11.8% quarterly increase that had been linked to the Middle‑East conflict. would have occurred without it. The government was also continues reviewing an extension of a the temporary PIS/Pasep and Cofins tax exemption on QAV through year‑end. Since the end February 28 outbreak of the year. 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. distributors and the government considers tax relief extensions.

Versions

  1. 2026-08-07 19:04 UTC Brazil aviation fuel price changes
  2. 2026-08-04 20:54 UTC Brazil aviation fuel price changes

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