Dangote Petroleum Refinery and Petrochemicals has announced a reduction in the price of aviation fuel, lowering the cost of Jet A1 from ₦1,750 to ₦1,650 per litre in a move targeted at supporting Nigeria’s aviation sector.
In a statement released on Tuesday, the refinery said the price cut is designed to ease financial pressure on airline operators while helping to ensure steady fuel supply across the country.
Beyond the price reduction, the company also introduced a 30-day interest-free credit facility for marketers and airline operators. The arrangement, backed by bank guarantees, is expected to improve liquidity and allow operators to access fuel without immediate cash constraints.
The refinery further disclosed a shift from a dollar-based pricing model to a naira-denominated structure, a move analysts say could reduce exposure to foreign exchange volatility and bring more predictability to pricing.
Industry observers believe the combined measures—lower prices, flexible credit terms, and local currency pricing—could help stabilize airline operations, reduce operating costs, and potentially lead to more moderate airfares for passengers.