Nigeria says JetA1 fuel costs N1,960-N2,800/litre, assures 74-day supply
NMDPRA spokesperson George Ita-Enang clarified that aviation fuel (JetA1) sells for N1,960 to N2,800 per litre, not above N3,000 as rumoured, with the ex-Gantry price at Dangote Petroleum Refinery at N1,879 per litre. This followed threats by airline operators to increase airfares and suspend operations amid rising JetA1 costs.
The regulator assured robust supply, citing inland stock sufficient for 12 days and refinery stock for 62 days, giving a total of 74 days of national sufficiency. Ita-Enang noted aviation fuel is fully deregulated, with prices driven by market dynamics, and said the NMDPRA will monitor supply to prevent disruption and profiteering. Minister of Aviation Festus Keyamo urged airlines to halt plans to hike fares and shut down services.
Nationwide retail prices surveyed on 17 April 2026 range from N1,960 to N2,800 per litre. Passengers may see stable fares if airlines comply with the govt's appeal, while stakeholders should watch for any supply shifts. Will airlines keep ticket prices stable given the clarified fuel costs and supply assurance, or will they still increase fares?