NMDPRA addresses aviation fuel price concerns, confirms stable supply

The agency stated that Nigeria possesses a combined national sufficiency of 74 days of aviation fuel, comprising inland and refinery stock, indicating a stable supply. This announcement aims to alleviate anxieties among airline operators and industry stakeholders concerning recent price fluctuations. The NMDPRA clarified that aviation fuel is fully deregulated, with prices determined by market forces.

It noted that the current ex-gantry price at the Dangote Petroleum Refinery is N1,879 per litre, which is slightly below the international indicative supply cost of N1,900 per litre in Lagos as of April 16, 2026. A nationwide price survey conducted by the NMDPRA on April 17, 2026, revealed retail prices ranging from N1,960 to N2,800 per litre, depending on location and logistics. The authority dismissed reports suggesting a price of N3,300 per litre as inaccurate and misleading.

The NMDPRA affirmed its commitment to monitoring supply and pricing to prevent disruptions or exploitative practices. This reassurance comes amidst threats from airline operators to suspend operations due to rising fuel costs, which they described as "astronomical and artificial." The Federal Government has appealed to domestic airlines to reconsider their plans and any fare increases, with Aviation Minister Festus Keyamo conve