- Aviation Fuel May Hit ₦2,037 Per Litre As FG Moves To Stabilise Supply
- Committee set up to address supply and pricing challenges
- Stakeholders push for reforms to stabilise aviation fuel market
The Federal Government has projected that aviation fuel prices could range between ₦1,760 and ₦2,037 per litre following engagements aimed at addressing supply and pricing challenges in the sector.
The projection followed a meeting convened by the Minister of Aviation and Airspace Management on April 22 and 23, 2026, involving stakeholders across the aviation and petroleum value chain.
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EKO HOT BLOG reports that participants included officials of the Ministry of Aviation, Ministry of Petroleum Resources, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Federal Airports Authority of Nigeria, Nigerian Airspace Management Agency, Nigerian Civil Aviation Authority, airline operators and aviation fuel marketers.
The meeting resolved to set up a technical committee to further examine the issues and propose solutions.
The committee later convened on April 24 under the NMDPRA and made recommendations aimed at stabilising the market and ensuring steady supply.
According to the committee, the indicative end user price of aviation turbine kerosene is expected to range between ₦1,760 and ₦1,988 per litre in Lagos, and between ₦1,809 and ₦2,037 per litre in Abuja. The projection was based on Platts average rates recorded between April 17 and 23, 2026.
The committee noted that prices could move outside the projected range due to market volatility, including geopolitical factors and differences in operational costs among suppliers.
To improve distribution efficiency, it recommended that the NMDPRA should direct marketers to sell aviation fuel directly to airline operators within the specified period.
It also called for regulatory engagement to review pricing components, including premium adjustments and cost variations introduced by refineries, with the aim of maintaining price stability.
The committee further advised stronger collaboration between the NMDPRA, FAAN and NCAA to streamline airside operations, validate distributors with adequate infrastructure and reduce the number of operators based on agreed criteria.
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