Dangote Petroleum Refinery and Petrochemicals has reduced the price of aviation fuel, also known as Jet A1, to N1,650 per litre from N1,750 per litre in a move expected to ease pressure on domestic airlines struggling with rising operating costs.
The refinery disclosed the reduction in a statement issued on Tuesday, saying the intervention was aimed at supporting airline operations and ensuring stable fuel supply across the country.
The company also announced a 30-day interest-free credit facility for marketers and airline operators backed by bank guarantees, alongside its transition from dollar-based pricing to a naira-denominated structure.
“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.
Airline operators have repeatedly warned that rising Jet A1 prices were pushing airlines deeper into financial strain and threatening the sustainability of flight operations.
