The Nigerian aviation sector faces severe disruptions due to a global jet fuel shortage, exacerbated by the Iran conflict. Jet fuel prices have surged by 300%, leading to flight cancellations and financial strain on airlines, prompting calls for government intervention.
Dangote Group is set to begin direct sales of jet fuel to airlines in Nigeria at N1,820 per liter. This move aims to alleviate operational costs for airlines facing skyrocketing fuel prices, which have risen significantly due to global market volatility.
Dangote Group's disclosure of aviation fuel prices aims to stabilize Nigeria's aviation market amid rising costs. NMDPRA's price cap for jet fuel ranges from N1,760 to N1,988 per liter, while Dangote's price is set at N1,820 per liter.
