- the agency explained that Nigeria currently has enough aviation fuel reserves to last approximately 74 days
- The authority emphasized that claims of fuel selling at N3,300 per litre are inaccurate
- It also reassured industry stakeholders that it would continue to monitor supply levels
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has dismissed reports suggesting aviation fuel prices could rise to N3,300 per litre, assuring stakeholders that supply across the country remains steady.
In a statement released on Friday by its spokesperson, George Ene-Ita, the agency explained that Nigeria currently has enough aviation fuel reserves to last approximately 74 days, Eko Hot Blog gathered.
EDITOR’S PICK
- Interior Ministry Orders Immediate Deactivation of Passports for Former Citizens
- Iran Sets Conditions as US Warns Ahead of Talks
- 7 Things People Over 50 Should Do Every Morning for Better Health
This includes 12 days’ worth of inland stock and an additional 62 days from refinery supplies, which it said reflects a stable supply situation.
The clarification comes amid growing concerns among airline operators and other industry players over fluctuating fuel prices, a major factor driving up operating costs and ticket fares in Nigeria’s aviation sector.
According to the NMDPRA, aviation fuel, commonly known as Jet A1, is no longer subject to government price controls. Instead, its pricing is determined by market forces, similar to other deregulated petroleum products.
The regulator further noted that the ex-depot price of Jet A1 at the Dangote Petroleum Refinery & Petrochemical Company currently stands at N1,879 per litre.
This is slightly lower than the international benchmark price of about N1,900 per litre in Lagos as of mid-April 2026, indicating that local refining is helping to cushion costs.
A nationwide price survey conducted by the agency on April 17 showed that retail prices for aviation fuel vary between N1,960 and N2,800 per litre, depending on factors such as location and distribution logistics.
The authority emphasized that claims of fuel selling at N3,300 per litre are inaccurate and do not reflect the current market reality.
It also reassured industry stakeholders that it would continue to monitor supply levels and pricing trends to prevent shortages or exploitative practices, while maintaining energy security nationwide.
This development comes at a sensitive time for the aviation industry, as airlines have raised concerns over rising fuel costs and hinted at the possibility of suspending operations.
The Airline Operators of Nigeria had earlier warned that the sharp increase in aviation fuel prices was unsustainable, describing it as excessively high and threatening the survival of the sector.
The group cautioned that if the situation persists, airlines may struggle to cover operational costs, potentially leading to job losses, reduced flight services, and broader economic impacts. It also noted that increasing ticket fares to offset costs could discourage air travel.
However, the Major Energies Marketers Association of Nigeria has challenged the claims of extreme pricing, advising airlines to explore alternative supply options while attributing current cost pressures to global supply chain issues and logistics challenges.
In response, the Federal Government has urged airlines to reconsider any plans to halt operations.
The Minister of Aviation, Festus Keyamo, also appealed to operators to avoid increasing ticket prices and revealed that an emergency meeting with key stakeholders has been arranged to address the situation and find lasting solutions.
FURTHER READING
