Brazil's Petrobras increases average jet fuel prices by 8.4%

Credit: REUTERS/Sergio Moraes

Adds details of price change this year and in 2023 in paragraph 3

SAO PAULO, March 1 (Reuters) - Brazilian state-controlled oil company Petrobras PETR4.SA said on Friday it will increase the average prices of jet fuel to distributors by 8.4% starting on Mar. 1.

Petrobras said in a statement the move, which represents an increase of about 0.31 real ($0.06) per liter, comes after four declines in jet fuel prices in a row.

The firm added its jet fuel prices now have fallen 2.7% this year, following a 19.6% decrease in 2023.

($1 = 4.9541 reais)

(Reporting by Marta Nogueira in Rio de Janeiro and Andre Romani in Sao Paulo; Editing by Steven Grattan)

((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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