SAO PAULO, March 1 (Reuters) - Brazilian state-controlled oil company Petrobras (PETR4.SA) , opens new tab 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)

https://www.reuters.com/business/energy/brazils-petrobras-increases-average-jet-fuel-prices-by-84-2024-03-01/