Dangote Petroleum Refinery has reduced the price of aviation fuel, also known as Jet A1, from N1,750 to N1,650 per litre, in a move aimed at easing cost pressures on airlines and improving fuel supply stability across the country.
The company said the adjustment was part of ongoing efforts to support the aviation sector, which has been grappling with rising operational expenses driven largely by fuel costs.
According to a statement issued on Tuesday in Lagos by its spokesperson, Mr Anthony Chiejina, the refinery also introduced a 30-day interest-free credit facility for marketers and airline operators, supported with bank guarantees.
He added that the firm has also reviewed its pricing framework, shifting from dollar-based transactions to payments in naira, a development it said would reduce foreign exchange pressure on local operators.
Chiejina said the decision followed growing concerns within the aviation industry over the impact of high Jet A1 prices on flight operations and overall sustainability.
According to him, aviation fuel remains one of the biggest cost components for airlines, significantly influencing ticket pricing and operational planning.
He said, “Industry stakeholders have repeatedly warned that the increasing cost of Jet A1 fuel was putting serious financial pressure on domestic airlines and threatening smooth flight operations.”
He further stated that the latest price reduction was expected to provide relief to operators, improve stability in the sector, and contribute to efforts aimed at reducing airfares for passengers.
“The refinery’s latest decision is expected to provide relief for airline operators by lowering fuel costs, improving operational stability and supporting efforts to reduce airfares for passengers,” he added.
The company said the combined measures were part of its broader strategy to strengthen local refining capacity and reduce reliance on volatile international pricing systems.
