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Airlines Get Relief As Dangote Group Cuts Aviation Fuel Price.
Dangote Group’s Dangote Petroleum Refinery & Petrochemicals has announced a reduction in the price of aviation fuel, Jet A1, from ₦1,750 to ₦1,650 per litre.....KINDLY READ THE FULL STORY HERE▶
The company said the ₦100 price cut is aimed at easing financial pressure on airline operators and ensuring a more stable supply of aviation fuel nationwide.
The announcement was contained in a statement released by the refinery’s media team on Tuesday.
According to the statement, the revised pricing is expected to lower fuel procurement costs for domestic airlines, many of which are currently struggling with rising operational expenses.
It noted that aviation fuel constitutes a major share of airline operating costs, making price stability crucial for the sustainability of flight services in the country.
The refinery added that the intervention is designed to support airlines and marketers by improving access to Jet A1 and cushioning the impact of fuel price volatility on the aviation sector.
“The refinery’s decision is expected to provide relief to airline operators by lowering fuel procurement costs, improving operational stability, and supporting efforts to moderate airfares,” the statement said.
In addition, the company introduced a 30-day interest-free credit facility for marketers and airline operators, which will be secured with bank guarantees.
It explained that the credit arrangement is intended to give operators more flexibility within the aviation fuel supply chain.
Industry players have long complained that the high cost of Jet A1—combined with foreign exchange pressure, maintenance expenses, insurance, and airport charges—has made airline operations increasingly difficult.
The refinery also disclosed that it has moved from a dollar-based pricing system to a naira-based model.
This shift is expected to reduce exposure to foreign exchange fluctuations and give local operators more predictable pricing.
Airlines have previously argued that dollar-linked pricing contributes significantly to high operational costs and rising airfares.
Stakeholders believe the new naira-based system could help carriers better plan fuel purchases and stabilize operations.
The development comes amid ongoing concerns over the rising cost of aviation fuel in Nigeria, which industry experts say is placing heavy strain on domestic airlines and threatening operational sustainability.
Dangote Group said the measures are part of its broader efforts to support the aviation sector and ensure consistent fuel availability across the country.
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