Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel, also known as Jet A1, from ₦1,750 to ₦1,650 per litre, marking a ₦100 reduction aimed at easing pressure on airline operators.
The company said the adjustment is part of its efforts to reduce operational burdens on airlines and ensure a more stable and reliable supply of aviation fuel across Nigeria.
In a statement released by its media team on Tuesday, the refinery explained that the new pricing regime is expected to lower fuel procurement costs for domestic carriers, many of which are currently grappling with rising operating expenses.
It noted that aviation fuel remains one of the highest cost drivers in airline operations, making price stability critical to sustaining flight services and overall industry health.
According to the statement, the intervention is also designed to support marketers and operators by improving access to Jet A1 and reducing the impact of price volatility in 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 to the price cut, the refinery announced a 30-day interest-free credit facility for marketers and airline operators, which will be backed by bank guarantees.
It said the initiative is intended to give stakeholders more flexibility within the aviation fuel supply chain and ease cash flow pressures.
Industry players have long raised concerns over the high cost of Jet A1, compounded by factors such as foreign exchange pressure, maintenance costs, insurance, and airport charges, all of which continue to strain airline operations.
The refinery also disclosed a shift from a dollar-denominated pricing model to a naira-based structure, a move expected to reduce exposure to foreign exchange fluctuations and improve price predictability for local buyers.
Airlines have repeatedly argued that dollar-linked pricing has contributed to rising operational costs and higher airfares, putting additional pressure on passengers and operators alike.
With the new naira-based framework, domestic carriers are expected to better plan fuel purchases with improved stability and reduced currency risk.
The company said its latest interventions are aimed at strengthening the aviation sector, ensuring uninterrupted fuel supply, and supporting the sustainability of flight operations in Nigeria.
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