Dangote refinery’s jet fuel price aims to steady aviation market
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says the new gantry price for aviation fuel set by Dangote Refinery will help stabilise the market. George Ene-Ita, Director of Public Affairs, explained that this move is expected to improve compliance among marketers. The refinery has set its aviation fuel price at N1,820 per litre, aiming to enhance transparency. This comes as Nigerians and airline operators express concerns over high aviation fuel costs.
What we know
- Dangote Refinery has fixed its gantry price for Aviation Turbine Kerosene (ATK) at N1,820 per litre.
- The NMDPRA previously set a price cap for Jet A1 fuel, ranging between N1,760 and N2,037 per litre depending on location.
- Despite the cap, oil marketers have continued to sell aviation fuel at N2,230 per litre and above.
- George Ene-Ita stated that the refinery’s daily price publication will support regulatory monitoring and compliance.
- The NMDPRA pricing framework was based on Platts average figures recorded between April 17 and 23, with global volatility and geopolitical tensions affecting prices.
