1 hour ago
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ARTICLE AD BOX
Dangote Petroleum Refinery & Petrochemicals has reduced the terms of aviation substance (Jet A1) to N1,650 per liter from N1,750 per liter, successful a determination aimed astatine easing outgo pressures connected airlines and ensuring uninterrupted substance proviso crossed the country.
The terms accommodation was contained successful a connection to DAILY POST on Monday.
This is successful summation to a 30-day interest-free recognition installation backed by slope guarantees (BG) for marketers and hose operators and a displacement from a dollar-denominated pricing operation to a naira-based model.
These interventions travel amid increasing concerns implicit the rising operational costs faced by home carriers, with aviation substance accounting for a important information of hose expenses. Industry stakeholders person repeatedly warned that escalating Jet A1 prices are placing terrible fiscal strain connected operators and threatening the sustainability of formation operations.
The refinery’s determination is expected to supply alleviation to hose operators by lowering substance procurement costs, improving operational stability, and supporting efforts to mean airfares.
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