Dangote Refinery Cuts Jet Fuel Price to N1,650 Per Litre

Dangote Group has reduced the price of aviation fuel, also known as Jet A1, from N1,750 to N1,650 per litre in a move aimed at easing pressure on Nigeria’s aviation industry.

The announcement was made by the refinery on Monday amid growing concerns from airline operators over the rising cost of aviation fuel and its impact on flight operations across the country.

Domestic airlines had recently warned that the sharp increase in aviation fuel prices could force operators to suspend services. According to the Airline Operators of Nigeria, fuel prices rose dramatically following tensions linked to the US-Iran conflict, climbing from about N900 per litre before the crisis to between N2,700 and N2,900 per litre, with some marketers reportedly selling as high as N3,300.

In its statement, the refinery said the latest reduction forms part of broader interventions designed to stabilise the aviation sector and ensure uninterrupted fuel supply nationwide.

The company also introduced a 30-day interest-free credit facility for marketers and airline operators backed by bank guarantees. In addition, the refinery announced a transition from a dollar-based pricing structure to a naira-denominated system for aviation fuel sales.

According to the refinery, the measures are intended to reduce the financial burden on airline operators, improve operational stability and help moderate airfares for passengers.

Industry stakeholders have repeatedly expressed concerns that rising Jet A1 prices account for a major portion of airline operating costs, making sustainability difficult for many domestic carriers.

The refinery’s intervention is expected to bring relief to operators already struggling with increasing operational expenses, foreign exchange challenges and inflationary pressures affecting the aviation sector.

Analysts believe the reduction could also help restore confidence within the industry and support efforts to maintain regular flight operations across Nigeria.