• Grants marketers, airline operators 30-day interest-free credit facility, naira-based pricing
Peter Uzoho
Dangote Petroleum Refinery & Petrochemicals, has reduced the price of its aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre, in a move aimed at easing cost pressures on airlines and ensuring uninterrupted fuel supply across the country.
The company also offered a 30-day interest-free credit facility backed by bank guarantees (BG) for marketers and airline operators and a shift from a dollar-denominated pricing structure to a naira-based model.
Group Chief Branding and Communications Officer of Dangote Group, Mr Anthony Chiejina, disclosed this in a statement yesterday.
These interventions come amid growing concerns over the rising operational costs faced by domestic carriers, with aviation fuel accounting for a significant portion of airline expenses.
Industry stakeholders have repeatedly warned that escalating Jet A1 prices were placing severe financial strain on operators and threatening the sustainability of flight operations.
According to the statement, the refinery’s decision is expected to provide relief to airline operators by lowering fuel procurement costs, improving operational stability, and supporting efforts to moderate airfares.