Dangote Petroleum Refinery and Petrochemicals has reduced the price of aviation fuel to N1,650 per litre from N1,750 per litre.
A statement by its media team on Tuesday noted that the move aims to ease cost pressures on airlines and ensure an uninterrupted fuel supply across the country.
The refinery has also introduced a 30-day interest-free credit facility backed by bank guarantees for marketers and airline operators, along with a shift from a dollar-denominated pricing structure to a naira-based model.
The 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.
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.
