The Nigerian government is implementing a 30-day credit window for airlines to purchase jet A1 fuel amid rising prices. This measure aims to provide immediate financial relief to carriers facing severe liquidity issues due to skyrocketing energy costs.
NMDPRA has recommended a new price range for aviation fuel, pegging it at ₦1,760-₦2,037 per liter nationwide. This move aims to stabilize prices amidst rising costs and support domestic airlines facing operational challenges.
The Nigerian government, through Festus Keyamo and the NMDPRA, is taking steps to stabilize jet fuel prices amid rising costs that threaten the aviation sector. This intervention aims to prevent market distortions and ensure operational stability for airlines.
