Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 78

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 78
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 and its demand is directly driven by population growth and real income growth. On the  
other hand, consumption is inversely correlated with local temperatures and the efficiency rate of cooking equipment. The remaining 
          30% of LPG demand comes mainly from industrial and services sectors, whose demand is driven by economic growth.           
                                                                The                                                                 
rise in LPG sales in 2024 was mainly associated with the increase in the Brazilian population’s income, a reduction in unemployment,
                    and social programs that facilitate access for the low-income population to LPG for cooking.                    
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Naphtha
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                                                                Naphtha                                                                 
is a light petroleum distillate that is mainly used as raw material for the Petrochemical sector. This product is sold to three existing
    petrochemical plants in Brazil, which produce commodity chemicals such as ethylene, propylene, butadiene and aromatics (benzene,    
                                                           toluene, xylenes).                                                           
                                                                  The                                                                   
    2.9% rise in our naphtha sales in 2024 was mainly associated with the increase in demand from Braskem’s São Paulo petrochemical     
                                                                complex.                                                                
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Jet 
Fuel
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                                                              Jet-fuel                                                              
                is a medium petroleum distillate used as aviation fuel in aircrafts powered by gas-turbine engines.                 
                                                                 It                                                                 
is used by all commercial aviation companies (passengers and cargo transportation). Jet-fuel demand is strongly correlated with GDP 
                            growth, as it directly affects the demand for travel – business and leisure.                            
                                                                The                                                                 
main factor behind the rise of sales in 2024 was the increase in economic activity in Brazil, that stimulates both passenger flights
                                                        and cargo movement.                                                         
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Annual Report and Form 20-F 2024 |

Fuel
Oil 
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                                                                Fuel                                                               
  oil is a residual fraction of the petroleum distillation. It is used in industrial (mostly non-ferrous metallurgy companies) and 
  electricity generation sectors (thermoelectric plants). The demand for fuel oil for industrial consumption depends mostly on GDP 
                    growth and on the natural gas availability and competitiveness (its main competing product).                   
                                                                The                                                                
    fuel oil thermoelectric plants participate marginally in the country’s energy supply, entering into operation only when the    
water level in reservoirs is very low. In 2024, industrial use of fuel oil represented around 95% of demand,