The Dangote Petroleum Refinery has reduced the price of aviation fuel, also known as Jet A1, from ₦1,750 to ₦1,650 per litre in a move aimed at easing pressure on Nigeria’s aviation sector.
The refinery disclosed the price adjustment in a statement released on Monday amid growing concerns over the rising cost of airline operations in the country.
The development follows recent warnings by the Airline Operators of Nigeria that domestic airlines could suspend operations due to soaring aviation fuel prices.
Airline operators had complained that the cost of Jet A1 surged dramatically following tensions linked to the United States-Iran conflict.
According to the operators, aviation fuel prices jumped from about ₦900 per litre before the crisis to between ₦2,700 and ₦2,900 per litre, while some marketers reportedly sold as high as ₦3,300.
The airlines argued that the local price increase was significantly higher than global market adjustments.
Dangote introduces credit support
In its statement, the refinery said the new price cut is part of broader measures designed to stabilise fuel supply and reduce financial burdens on operators.
“Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to ₦1,650 per litre from ₦1,750 per litre in a move aimed at easing cost pressures on airlines and ensuring uninterrupted fuel supply across the country,” the company stated.
The refinery also announced a 30-day interest-free credit facility for marketers and airline operators backed by bank guarantees.
Additionally, it disclosed a shift from dollar-denominated transactions to a naira-based pricing structure.
Relief for Nigeria’s aviation industry
Industry stakeholders have repeatedly warned that rising aviation fuel costs threaten the sustainability of domestic flight operations, with Jet A1 accounting for a major share of airline operating expenses.
Analysts say the latest reduction could help lower operational costs, improve airline stability, and moderate airfares for passengers.
The move further strengthens the refinery’s growing influence in Nigeria’s downstream petroleum and energy sectors following its increasing supply of petrol and aviation fuel nationwide.
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