Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre.
The refinery announced the N100 per litre cut on Monday as part of continuous efforts to ease cost pressures on airlines and ensure uninterrupted fuel supply across the country.
It also introduced a 30-day interest-free credit facility backed by bank guarantees (BG) for marketers and airline operators, alongside a shift from a dollar-denominated pricing structure to a naira-based model.
The latest adjustment is expected to bring immediate relief to domestic carriers battling high operational costs, which have threatened flight schedules and contributed to rising airfares in recent months.
Aviation fuel remains one of the largest components of airline operating expenses in Nigeria, often accounting for between 40 and 60 per cent of total costs. Industry operators have repeatedly highlighted the need for stable and affordable Jet A1 supply to sustain operations amid forex volatility and previous import dependence.
With the Dangote Refinery now meeting the bulk of the nation’s Jet A1 requirements, its pricing decisions are seen as critical to market stability in the deregulated downstream sector.
This development comes weeks after the refinery set an indicative gantry price around N1,820 per litre earlier in May.
Stakeholders believe the combined effect of the lower price, credit support, and naira-based transactions will help moderate operational expenses for airlines and potentially lead to more stable fares for passengers in the coming weeks.
Administrator and Writer
