On September 1st, Petrobras will readjust the prices of Aviation Kerosene (QAV) with a 10.4% reduction in sales prices for distributors. This is the second consecutive reduction in QAV prices, which had already been adjusted by -2.6% in early August.

As a practice that dates back to the last 20 years, QAV price adjustments are monthly and defined through a contractual formula negotiated with the distributors. Petrobras' QAV sales prices for distribution companies seek balance with the international market and follow the variations in the value of the product and the exchange rate, up and down, with adjustments applied on a monthly basis, mitigating the daily volatility of international quotations and exchange rates.

Petrobras markets the QAV produced in its refineries or imported only to distributors. The distributors, in turn, transport and sell the product to air transport companies and other final consumers at airports, or to resellers. Distributors and resellers are responsible for airport facilities and fueling services.

It is important to emphasize that the Brazilian market is open to free competition and there are no legal, regulatory or logistical restrictions for other companies to act as producers or importers of QAV.

To find out about Petrobras' sales prices for distributors, we invite you to visit: precos.petrobras.com.br. Pursuant to ANP regulation, the new QAV prices will be available on this website as of September 1, the effective date.