Dangote Refinery reduces Dangote jet fuel price to N1,650 per litre to ease pressure on Nigerian airlines
Dangote Petroleum Refinery has reduced the price of aviation fuel from N1,750 to N1,650 per litre in a major relief move aimed at easing mounting operational pressures on airlines in Nigeria.
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The refinery announced the reduction in a statement issued on Monday, saying the intervention was designed to support uninterrupted fuel supply and improve stability within the aviation sector.
The latest adjustment in the Dangote jet fuel price comes amid growing concerns among domestic carriers over the sharp rise in aviation fuel costs following tensions linked to the US-Iran conflict.
Airline operators in Nigeria had recently warned that soaring Jet A1 prices could force several carriers to suspend operations because of unsustainable operating expenses.
According to the Airline Operators of Nigeria, aviation fuel prices climbed from around N900 per litre before the crisis to between N2,700 and N2,900 per litre, while some marketers reportedly sold as high as N3,300.
In addition to the price reduction, the refinery announced a 30-day interest-free credit facility backed by bank guarantees for marketers and airline operators.
The company also confirmed a strategic shift from a dollar-denominated pricing structure to a naira-based model, a move expected to reduce exposure to foreign exchange volatility.
“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 cost pressures on airlines and ensuring uninterrupted fuel supply across the country,” the statement said.
Industry stakeholders have repeatedly warned that escalating aviation fuel costs were placing severe financial strain on domestic operators, with fuel expenses accounting for a substantial portion of airline operating costs.
The refinery’s intervention is expected to provide critical relief for airlines by lowering fuel procurement expenses, strengthening operational stability and supporting efforts to moderate airfares for passengers.
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Analysts said the decision could also improve confidence within the aviation industry as operators continue to battle inflationary pressures and volatile global energy prices.
Victory Emmanuel is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.
