Dangote Petroleum Refinery has reduced aviation fuel (Jet A1) price to N1,650 per litre, a move aimed at easing pressure on airlines and stabilising fuel supply across Nigeria.
The refinery also introduced credit support and pricing reforms as airlines struggle with rising operational costs linked to fuel expenses.
Dangote Slashes Jet Fuel Price
Dangote Petroleum Refinery & Petrochemicals has cut the price of Jet A1 from N1,750 to N1,650 per litre.
However, the company said the decision targets rising pressure on airline operators who face high fuel-driven costs. Aviation fuel remains one of the biggest cost components for domestic carriers in Nigeria.
Furthermore, Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, confirmed the adjustment in a statement on Monday.
Credit Facility and Pricing Shift Introduced
Meanwhile, the refinery also introduced a 30-day interest-free credit facility for marketers and airline operators. Banks will back the facility with guarantees.
In addition, Dangote shifted pricing from a dollar-based structure to a naira-based model. The company said this step will reduce foreign exchange exposure for operators.
Consequently, the reforms aim to improve access to fuel and reduce financial strain across the aviation sector.
Airlines Face Rising Operational Pressure
However, airline operators have continued to raise concerns over high Jet A1 prices. They say fuel costs now place heavy pressure on flight operations and business survival.
Furthermore, industry stakeholders warn that sustained price increases could affect flight schedules and airline stability.
Expected Impact on Air Travel Costs
Meanwhile, Dangote Refinery said the price cut will help reduce fuel procurement costs for airlines.
Consequently, it expects improved operational stability and potential moderation in airfares. The company said the intervention supports smoother aviation operations nationwide.
