Business · Energy & Commodities · 10 hrs ago
Petrobras raises aviation fuel prices by 7.2% in November
Petrobras raised aviation fuel prices in Brazil by 7.2% from November 1, adding 45 centavos per litre compared with October.
The increase follows an 11.76% rise in October.
Petrobras said higher international fuel prices reflect tensions in the Middle East and reduced refining capacity in Russia and Ukraine during their war.
Fuel has grown from 32% to 45% of airline operating costs, according to airline representatives.
Higher fuel costs have also fed into ticket prices: airfares rose 9.66% in October and contributed to a 0.82% rise in Brazil’s consumer price index that month.
Petrobras says its contract pricing formula cushions short-term swings, so Brazilian increases have been more moderate than international rises.
Petrobras raised the average price of aviation fuel sold to distributors by 7.2% on November 1.
The increase adds R$0.45 per litre compared with the previous month.
The company said higher international fuel prices drove the increase.
It cited heightened geopolitical tensions in the Middle East and reduced refining capacity in Russia and Ukraine amid their war.
The increase follows an 11.76% rise in October and adds pressure to airlines’ costs.
- Who
- Petrobras raised the price of aviation fuel.
- What
- The average price sold to distributors rose 7.2%, or R$0.45 per litre.
- When
- November 1, 2026.
- Where
- Brazil.
- Why
- Petrobras cited higher international fuel prices, amid heightened tensions in the Middle East and reduced refining capacity in Russia and Ukraine.
This story does not have two clearly opposing sides.
Petrobras applied an 11.76% increase to aviation fuel prices.
A further 7.2% increase took effect, adding R$0.45 per litre.
- Price increase
- 7.2%
- Increase per litre
- R$0.45
- Effective date
- November 1, 2026
- Previous monthly increase
- 11.76% in October
- Fuel type
- Aviation kerosene (QAV)