The Federal government has set indicative price caps on aviation turbine kerosene (Jet A1) to prevent a threatened suspension of domestic flights caused by a sharp increase in fuel costs.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced the measures on Monday, recommending Jet A1 prices between ₦1,760 and ₦1,988 per litre in Lagos, and ₦1,809 to ₦2,037 per litre in Abuja..
The follows warnings by the Airline Operators of Nigeria (AON) that airlines could halt operations due to unsustainable fuel prices, which had risen over 270–300% since late February from around ₦900 per litre to as high as ₦2,700–₦3,500 in some cases.
Additional relief measures include a 30-day credit window for airlines, promotion of direct fuel sales to operators for greater transparency, and debt mediation support approved by President Bola Tinubu.
Aviation authorities hope the intervention will stabilise operations and prevent major fare hikes or service disruptions. However, the NMDPRA noted that prices could still rise due to global volatility linked to U.S.-Iran tensions and local logistics costs.
The Dangote Refinery has been a major domestic supplier of Jet A1, though challenges in pricing and distribution persist..
Further stakeholder talks are expected to address longer-term solutions.
Administrator and Writer
