Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel, also known as Jet A1, from ₦1,750 to ₦1,650 per litre.
The company said the ₦100 reduction is part of efforts to ease financial pressure on airline operators and ensure steady fuel supply across the country.
This was disclosed in a statement issued by the refinery’s media team on Tuesday.
According to the statement, the new pricing regime is expected to lower fuel procurement costs for airlines at a time when domestic carriers are grappling with rising operational expenses.
The refinery noted that aviation fuel accounts for a significant portion of airline operating costs, making price stability critical to the sustainability of flight operations.
It explained that the intervention is aimed at supporting airlines and marketers 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 added.
In addition to the price cut, the company announced a 30-day interest-free credit facility for marketers and airline operators, backed by bank guarantees.
The credit arrangement, it said, is designed to provide more flexibility for operators and stakeholders in the aviation fuel supply chain.
The refinery also revealed a shift from a dollar-denominated pricing structure to a naira-based model, a move expected to reduce exposure to foreign exchange fluctuations and provide greater pricing certainty for local buyers.
Industry stakeholders have consistently raised concerns over the high cost of aviation fuel, alongside other challenges such as maintenance costs, foreign exchange pressures, insurance and airport charges, which continue to strain airline operations.
The company maintained that the latest measures are targeted at supporting the aviation sector and ensuring uninterrupted fuel supply nationwide.
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