Dangote Refinery announces lower aviation fuel price

Dangote Refinery has announced a little N1,820 per liter of aviation fuel, known arsenic JetA1, to borderline retired marketers’ speculated N3,000 per liter terms tag.

The 650,000-barrel-per-day institution successful a terms database to customers said fixing its aviation substance astatine N1,820 per liter was to boost terms transparency successful the JetA1 market.

DAILY POST reports that hose operators successful the past months person continued to lament the precocious outgo of JetA1, which accrued by astir 300 percent pursuing the struggle escalation successful the Middle East.

Price speculation and middlemen power had further worsened the JetA1 terms debacle for hose operators successful Nigeria.

Meanwhile, the Nigerian Midstream and Downstream Petroleum Regulatory Authority said the JetA1 terms stood astatine N1,960 per liter to N2,800, not supra N3,000 arsenic speculated successful the aviation substance market.

Earlier, DAILY POST reported that the Nigerian authorities gave hose operators a 30 percent indebtedness discount arsenic an involution to halt aviation assemblage disruption.

Airline operators had threatened to unopen down...