Brazil’s Petrobras raises jet fuel prices by around 7% in key markets
Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas,
Petrobras makes monthly tweaks to its jet fuel prices based on factors including oil prices and exchange rates.
such as Betim, Guarulhos and Duque de Caxias, data on the company’s website showed on Thursday.
As crude prices surge and the value of the nation’s currency depreciates, the company is taking measures to adjust its pricing strategy. This move, effective immediately, will see gasoline prices for distributors rise by 7.1%, reaching 3.01 reals (55 cents) per liter.
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