The selling price of airplane kerosene (FROG) underwent a new adjustment, this time quite expressive. In official note, Petrobras announced this Friday, 26, the reduction of fuel in 10,4% with distributors. The change will come into effect from Thursday, September 1st.
This is the second reduction in the price of kerosene applied in less than a month. A few weeks ago, Petrobras had already reduced the price of fuel by 2,6%. Airplane kerosene is a petroleum derivative that represents a third of airlines' total costs and its value is directly impacted by the price of commodities..
This drop ended up becoming more accentuated throughout the month due to fears of recession in the United States. Like this, in early August, the price of a barrel of oil had a brief drop in the market, which ended up serving as the premise for the readjustments applied recently.
Response to the international market
Despite the brief decline, the state-owned company's commodities recovered quickly and returned to the level of U$$ 100,00. Even so, Petrobras preferred a new reduction. Fuel prices are adjusted monthly in negotiation between Petrobrás and distributors.
Nonetheless, the international market has also dictated the state-owned company’s new decisions. That, evidently, includes the readjustment of other fuels, such as diesel and gasoline. In a note issued when announcing the decision, Petrobras stated that the objective is to minimize the volatility of the scenario, ensuring balance in the international market.
Readjustments of other fuels
The sales prices of gasoline and diesel have not changed in this latest announcement. Nonetheless, throughout August, gasoline had its price reduced three times in refineries, while the diesel underwent two modifications.
