Dangote Refinery Reduces Jet Fuel Price
The refinery said the cut will ease airline fuel costs and support operations, while a 30-day credit facility and naira pricing also take effect.
- On Tuesday, the Dangote Petroleum Refinery reduced aviation fuel prices from N1,750 to N1,650 per litre, aiming to ease pressure on airline operators and ensure stable fuel supply across Nigeria.
- Domestic carriers have faced rising operational costs, with aviation fuel accounting for a significant portion of expenses; Airline Operators previously warned that price spikes exceeding N2,500 per litre threatened flight sustainability across Nigeria.
- Beyond the price cut, the refinery introduced a 30-day interest-free credit facility for Airline Operators backed by bank guarantees and transitioned from dollar-denominated to naira-based pricing.
- This intervention is expected to lower fuel procurement costs and improve operational stability for Airline Operators, supporting efforts to moderate airfares amid industry-wide disruptions.
- Meanwhile, the Federal Government continues stabilizing the aviation fuel market through the naira-for-crude initiative, addressing persistent supply and pricing challenges that have historically constrained the sector.
15 Articles
15 Articles
Dangote refinery cuts aviation fuel price to N1,650
The latest reduction in Jet A1 price comes amid sustained pressure on Nigerian airlines grappling with high operating costs, flight disruptions and passenger complaints linked to rising aviation fuel prices. The post Dangote refinery cuts aviation fuel price to N1,650 appeared first on Premium Times Nigeria.
Dangote Refinery Slashes Jet Fuel Price to N1,650, Expands Credit Support for Airlines - TV360 Nigeria
Move aims to ease pressure on domestic carriers as refinery shifts pricing to naira model and introduces 30-day interest-free facility for operators…. Dangote Petroleum Refinery & Petrochemicals has announced a reduction in the price of aviation fuel (Jet A1), lowering the ex-depot rate to N1,650 per litre from the previous N1,750. The announcement, made on Tuesday, is part of a broader intervention aimed at reducing operational strain on airlin…
Dangote Refinery reduces jet fuel price to N1,650 per litre
Dangote Petroleum Refinery has reduced the price of aviation fuel, also known as Jet A1, from N1,750 to N1,650 per litre. The company said the move is aimed at reducing the financial burden on airline operators and ensuring steady fuel supply across the country. The development was announced in a statement issued on Tuesday in […] The post Dangote Refinery reduces jet fuel price to N1,650 per litre appeared first on Freedom Online.
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