Following the start of operations at the Dangote refinery, the Airlines Operators of Nigeria has confirmed a reduction in the price of aviation fuel in the country.
This development was achieved after the association met with the management team of the Dangote group to discuss bottlenecks making the important commodity expensive with a backlash of increased airfares.
Since the end of the fuel subsidy regime in the country over a year ago, the prices of all petroleum products have skyrocketed.
In February, airline operators lamented the skyrocketing price of aviation fuel, describing the development as critical and requiring immediate government intervention to prevent the collapse of their operations.
The airlines also said that the fluctuation in forex rates and the soaring cost of aviation fuel, which was N1,300 per litre at that time, disrupted operational planning and stability within the aviation sector.
In April, Dangote announced a price reduction for diesel and aviation fuel.
According to Dangote, aviation was slashed to N940 per litre.
The company added that the reduction applied to customers buying five million litres and above from the refinery, while customers buying one million litres and above would pay N970 per litre.
Speaking on the development in a statement posted on the Dangote website, the Head of Communication, Anthony Chiejina, explained that the new price aligned with the company’s commitment to cushion the effect of economic hardship on Nigerians.
He said, “I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable prices, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”
He further stated that the partnership would be extended to other major oil marketers. “The essence of this is to ensure that retail buyers do not buy at exorbitant prices,” he explained.
