What was the exact percentage increase in natural gas prices announced by Petrobras, and when did it take effect?

Petrobras raised the price of natural gas sold to distributors by 19.2%, effective May 1.

What factors does Petrobras use to adjust its natural gas prices, and how frequently are these adjustments made?

Petrobras updates natural gas prices on a quarterly basis, with adjustments tied to Brent crude prices, foreign exchange rates, and the U.S. Henry Hub benchmark.

Brazil's Petrobras raises natural gas prices by 19% after oil shock

May 2, 2026

Brazilian state-run oil company Petrobras increased natural gas prices by 19.2% starting May 1, citing geopolitical tensions and market benchmarks, while also hiking jet fuel costs by 18%.

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