NMDPRA Sets New Aviation Fuel Prices to Stabilize Market

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has recommended a new price range for aviation fuel, known as Jet A1, set between ₦1,760 and ₦2,037 per liter nationwide. The agency noted that costs may be slightly higher at major aviation hubs, with prices expected to range from ₦1,809 to ₦2,037 per liter in Lagos and Abuja.

This recommendation follows deliberations by a technical committee convened on April 24, 2026, to address the persistent surge in aviation fuel costs, which remain a significant concern for domestic airlines. The NMDPRA attributed the price fluctuations to international market benchmarks, specifically the Platts average price recorded between April 17-23, 2026.

To ease operational burdens, the NMDPRA proposed that energy market players sell aviation fuel directly to airline operators, aiming to cut out middlemen and reduce inefficiencies. Additionally, the authority suggested flexible payment arrangements for industry stakeholders and urged increased coordination among key players in the aviation petroleum sector.