Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre in a move aimed at easing operational cost pressures on airlines and ensuring uninterrupted fuel supply across the country.
The refinery also introduced a 30-day interest-free credit facility backed by bank guarantees for marketers and airline operators, alongside a transition from a dollar-denominated pricing structure to a naira-based model.
The interventions come amid growing concerns over rising operational costs in Nigeria’s aviation sector, where aviation fuel accounts for a significant share of airline expenses.
Industry stakeholders have repeatedly warned that the increasing cost of Jet A1 was placing severe financial pressure on domestic carriers and threatening the sustainability of flight operations.
Dangote Refinery’s latest price adjustment is expected to provide relief for airline operators by reducing fuel procurement costs, improving operational stability and supporting efforts to moderate airfares.
The move is also expected to strengthen fuel availability within the aviation industry while reducing dependence on foreign exchange for fuel transactions through the adoption of a naira-based pricing system.
