Air travellers face sharp fare increases after Jet A1 aviation fuel prices doubled to between N1,803 and N1,852 per litre at major airports within one week.
The surge went up from N900 to N980 per litre in late February, and is driven by Middle East tensions that pushed global crude above $100 per barrel.
Fuel accounts for 40–50% of airline operating costs.
Industry sources indicate that one-way domestic fares, currently averaging N150,000, could increase by 20–25% to N185,000–N200,000 or more in the coming days.
United Nigeria Airlines has ruled out an imminent strike, choosing to absorb the extra costs to protect already low passenger traffic.
Other carriers, including Aero Contractors and Air Peace, say they are monitoring and may adjust fares within 48–72 hours.
A glimmer of relief may come if the Dangote Refinery stabilises supply or global oil tensions ease. The NCAA is watching developments to prevent profiteering.
Passengers are advised to book early and compare fares on airline apps and platforms like Wakanow.
The situation remains fluid.
Administrator and Writer
