Argus, a global energy and commodity price reporting agency, has announced it has launched a series of daily jet fuel prices for the aviation fuel market in Brazil, the company said.
Local and international airlines continue to invest in the growing Brazilian aviation market, driving the need for an independent reference for delivered jet fuel costs in the country.
The new delivered prices take into account jet fuel assessments at the US Gulf coast, freight rates, insurance, losses, demurrage costs, port waiting times and maritime tax to applicable ports.
Argus is an independent media organisation with almost 950 staff. It is headquartered in London and has 21 offices in the world´s principal commodity trading and production centres. Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.