Post by Arise News (@arisenews)

Dangote Petroleum Refinery and Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750, in a bid to ease rising operational costs for airlines and stabilise fuel supply across Nigeria. The refinery also introduced a 30-day interest-free credit facility backed by bank guarantees for marketers and airline operators.

In addition, the company announced a shift from dollar-denominated pricing to a naira-based structure, a move expected to reduce foreign exchange pressure in the aviation sector. Industry stakeholders have long warned that soaring Jet A1 prices threaten airline sustainability and fare stability.

The new measures are projected to lower operating costs, improve efficiency, and potentially ease airfares for passengers as the sector continues to grapple with cost pressures.

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