Brazil’s state oil company Petrobras said it will apply an 18% increase to aviation kerosene (QAV) prices in April while deferring the remainder of the contracted adjustment through installments, as global energy prices rise amid Middle East tensions.
Brazil’s state oil company Petrobras said it will limit the April price increase for aviation kerosene (QAV) to 18% for distributors serving commercial aviation, amid rising global energy prices linked to conflict in the Middle East.
In a statement posted on April 1, Petrobras said its initiative “will allow distributors that serve commercial aviation to have an adjustment of only 18% in April in the price of aviation kerosene (QAV),” a figure significantly lower than the “54.8% adjustment provided for in the contract.”
To ease the impact on airlines and the broader aviation sector, the company said it will make available “a term of adhesion to reduce the effects of the QAV price adjustment, valid as of April 1” until Monday, April 6.
Under the arrangement, the difference between the contract adjustment and the capped increase “can be paid in six installments by Petrobras customers, with the first installment starting in July 2026.”
Petrobras said the measure “aims to preserve the demand for the product and mitigate the effects of the readjustment in the Brazilian aviation sector, ensuring the proper functioning of the market.”
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The company added that the installment mechanism “may be offered in May and June, with parameters yet to be calculated.”
Petrobras framed the intervention as a way to balance market needs with operational stability. It said the instrument “contributes to the financial health of the company’s customers while preserving financial neutrality for Petrobras, considering the scenario of a sharp rise in international prices of oil products, intensified by recent geopolitical tensions in the Middle East.”
The company said it remains “committed to responsible, balanced and transparent action, without passing on short-term volatility to national prices.”
Petrobras plays a central role in Brazil’s energy landscape as operator of major offshore and onshore oil and gas assets. The company produces crude and refined petroleum products that support transportation, industry, and aviation across Brazil and in export markets.
Recent global events linked to the US–Iran conflict have contributed to higher energy prices in several countries, including Brazil, as supply risks and elevated crude benchmarks feed through into refined fuel costs.
