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The Centre for Energy Market Integrity and Sustainability has commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority for its recent intervention in the aviation fuel market, saying the move helped stabilise supply and avert a potential crisis in the sector.
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EKO HOT BLOG reports that in a statement issued on Tuesday, the group said the regulator’s timely clarification on the availability and pricing of Jet A1 fuel eased growing concerns among airline operators and other stakeholders. It noted that uncertainty around fuel supply had heightened anxiety within the aviation industry, raising fears of possible disruptions to flight operations.
The statement, signed by the centre’s Executive Director, Tunde Adeyemi, said confirmation of over 70 days of aviation fuel sufficiency demonstrated a strong and reliable supply position.
He said, “The timely intervention by the Authority provided much-needed clarity and helped to calm frayed nerves within the aviation ecosystem.
“At a time when misinformation could easily have escalated into a crisis, the regulator chose transparency and facts, which is commendable.”
Adeyemi stressed that aviation fuel remains a major cost driver for airlines, making stability in pricing critical to the sustainability of the sector. He explained that the deregulated nature of the Jet A1 market means prices are influenced by global oil trends, foreign exchange fluctuations, and logistics costs.
“It is essential for industry players to understand that aviation fuel pricing is not arbitrary but driven by market dynamics,” he said, adding that the regulator’s disclosure helps stakeholders make informed decisions.
The group also highlighted the growing role of local refining in moderating fuel prices, noting that domestically produced aviation fuel being sold slightly below international benchmarks signals improving capacity.
It urged stakeholders to avoid spreading unverified claims that could destabilise the market, while calling on the Federal Government to sustain support for regulatory institutions.
According to the group, consistent policies and strong oversight remain vital to maintaining stability in the aviation and energy sectors.
