Brazil's Petrobras lowers jet fuel prices by 14.5%

Petroleo Brasileiro SA Petrobras

01/07/2026 14:24

    RIO DE JANEIRO, July 1 (Reuters) - Brazilian state-run oil firm Petrobras PETR3.SA has lowered the average price of jet fuel sold to distributors by 14.5%, or 0.81 real ($0,1560) per liter, starting July 1, it said in a statement on Wednesday.
Petrobras tweaks its jet fuel prices monthly, based on factors including oil prices and currency exchange rates.
This is the second straight price cut following increases of 55% and 18% in April and May, respectively, due to higher oil prices linked to the U.S.-Israeli war with Iran.

    
  
($1 = 5.1935 reais)

 (Reporting by Rodrigo Viga Gaier)
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