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Oil marketers are defying the Nigerian Midstream and Downstream Petroleum Regulatory Authority by selling aviation fuel, Jet-A1, at ₦2,230 per litre. This price significantly exceeds the regulator’s suggested band of ₦1,760 to ₦1,988 in Lagos. The gap persists despite recent stakeholder negotiations intended to stabilise the market. Strong demand and an opaque supply chain, dominated…
Nigeria’s aviation fuel market is facing renewed regulatory intervention as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) moves to stabilise rising costs affecting domestic airlines. A technical committee convened by the regulator on April 24, 2026, has recommended that Jet-A1, commonly known as aviation fuel, should be sold within a price band…
Domestic aviation in Nigeria faces imminent paralysis as airline operators have collectively served notice of operational suspension effective April 20, 2026, following what industry leadership describes as unsustainable economic pressure from fuel procurement costs. The decision, communicated through an April 14 directive attributed to Airline Operators of Nigeria President Abdulmunaf Sarina, positions the sector…
