JetA1: Nigerian Govt speaks on aviation fuel price, assures robust supply

The Nigerian authorities has made a clarification connected the terms of aviation fuel, known arsenic JetA1.

A connection by the spokesperson of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, George Ita-Enang explained that JetA1 stood astatine N1,960 per liter to N2,800 per liter, not supra N3,000.

This comes arsenic hose operators endanger to hike airfares and unopen down operations amid the rising terms of JetA1.

Reacting, NMDPRA assured the nationalist that determination is simply a robust proviso of aviation substance successful the state with an inland banal sufficiency of 12 days and a refinery banal sufficiency of 62 days.

“Making a full of 74 days of nationalist sufficiency,” the regulator stated.

“It is imperative to enactment that similar different petroleum products, aviation substance has been afloat deregulated, and the terms is driven by marketplace dynamics.

“The prevailing ex-Gantry terms of aviation substance astatine Dangote Petroleum Refinery & Petrochemical Company (DPRP) is N1,879 per liter, which is somewhat little than the planetary indicative proviso outgo of N1,900 per liter successful Lagos arsenic of the 16th of April 2026.

“M...