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, in a statement issued on Tuesday, said the move aimed at easing cost pressures on airlines and ensuring an uninterrupted fuel supply across the country.
In addition, the company announced a 30-day interest-free credit facility backed by bank guarantees for marketers and airline operators and a shift from a dollar-denominated pricing structure to a naira-based model.
“These interventions come amid growing concerns over the rising operational costs faced by domestic carriers, with aviation fuel accounting for a significant portion of airline expenses,” the refinery said.
Industry stakeholders have repeatedly warned that escalating Jet A1 prices were placing severe financial strain on operators and threatening the sustainability of flight operations.
The refinery said its decision is expected to provide relief to airline operators by lowering fuel procurement costs, improving operational stability, and supporting efforts to moderate airfares.
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On 14 April, the Airline Operators of Nigeria (AON) warned that all domestic airlines may suspend operations from April 20 over the rising cost of aviation fuel.
At the time, the group said the price of Jet A1 had increased from N900 per litre as of February 28 to N3,300 per litre, representing a rise of over 300 per cent.
To address this, a technical committee set up by the federal government recommended the inclusion of aviation fuel in the naira-for-crude initiative.
The committee added that the indicative end-user price for aviation fuel should range between N1,760 – N1,988 per litre and N1,809 – N2,037 per litre in Lagos and Abuja, respectively.
