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 was part of measures to ease the financial pressure on airline operators and ensure a steady supply of aviation fuel across the country.
This was disclosed in a statement issued by the refinery’s media team on Tuesday.
According to the statement, the new price regime is expected to reduce fuel procurement costs for airline operators at a time when domestic carriers are battling rising operational expenses.
The company noted that aviation fuel accounts for a significant part of airline operating costs, making price stability important for the sustainability of flight operations.
It said the latest intervention was designed to support airlines and marketers by improving access to Jet A1 and reducing the impact of fuel price volatility on 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 reduction, the refinery also announced a 30-day interest-free credit facility for marketers and airline operators.
The facility, according to the statement, will be backed by bank guarantees.
The company said the credit arrangement was introduced to provide more flexibility for operators and marketers involved in the aviation fuel supply chain.
PrimeTimes Nigeria understands that industry players have often complained that the high cost of Jet A1, combined with other expenses such as maintenance, foreign exchange pressure, insurance and airport charges, has made flight operations increasingly difficult.
The refinery also said it had shifted from a dollar-denominated pricing structure to a naira-based model.
The move is expected to reduce exposure to foreign exchange fluctuations and provide greater pricing certainty for local aviation fuel buyers.
Airline operators have repeatedly raised concerns that the dollar-linked pricing of aviation fuel was contributing to higher costs and putting pressure on ticket prices.
The new naira-based model could therefore help domestic carriers plan fuel purchases with more predictability.
The interventions come amid growing concern over the rising cost of aviation fuel in Nigeria.
Industry stakeholders have warned that the increase in Jet A1 prices was placing severe strain on domestic airlines and threatening the sustainability of flight operations.
For many airlines, fuel remains one of the largest components of operating expenses, and sudden price increases often affect scheduling, route planning and airfare pricing.
Dangote refinery said its latest measures were aimed at supporting the sector and ensuring an uninterrupted fuel supply across the country.