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Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre (6396 Views)

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Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by treesun(op): 2:27pm On Apr 30
The Dangote Petroleum Refinery has fixed the gantry price of aviation fuel at ₦1,820 per litre, a move aimed at enhancing transparency in the sector.

This development comes at a time when airline operators have raised concerns over the high cost of the product and its impact on the aviation industry.

Despite advisory guidance from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), oil marketers have continued to sell aviation fuel to airlines at ₦2,230 per litre and above, deepening concerns across Nigeria’s aviation sector.

The NMDPRA had earlier indicated that aviation fuel should sell within a price band of ₦1,760 to ₦1,988 per litre in Lagos and about ₦2,037 per litre in Abuja, based on prevailing market fundamentals.

The guidance followed a series of stakeholder engagements involving aviation operators, oil marketers, depot owners, and other industry players aimed at resolving recent disputes over pricing.

However, market checks by Vanguard show that actual transactions remain significantly above the regulator’s benchmark, with airlines still paying as much as ₦2,230 per litre.

In an interview with Vanguard, Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, said:
“There is a lack of transparency in jet fuel pricing. Dangote Refinery should, as a matter of urgency, publish its daily jet fuel gantry prices. This would erode abnormal margins by middlemen and help curb artificial hikes in jet fuel prices that are threatening to cripple businesses in Nigeria’s aviation sector.”

Also speaking, the spokesperson for United Nigeria Airlines, Chibuike Uloka, said: “It’s not a controlled market; it’s a free market. So, the NMDPRA cannot fix prices. Rather, based on its findings and market assessments—such as landing cost and other factors—it is only suggesting what the price should be.

“But marketers are still selling at their own rates, and no one has been able to call them to order. This issue goes beyond United Nigeria Airlines; it affects all members of the Airline Operators of Nigeria (AON), not just a single airline.

“If we are to speak on how this affects us, we can say—as Ibom Air earlier noted—that the cost of fuel per operation rose from ₦2.9 million in January to ₦7.6 million. For operators like us that use Airbus aircraft, with higher fuel capacity and longer endurance, the cost is even double that figure.”

https://www.vanguardngr.com/2026/04/just-in-dangote-refinery-fixes-jet-fuel-price

Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by yomalex(m): 4:56pm On Apr 30
Okay. I think say na pms sha
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Editor45: 4:57pm On Apr 30
May God help us in this country
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Tenses: 4:57pm On Apr 30
This is bad and unsafe that one man will have power to determine the market price of critical fuels in Nigeria.

This is nothing short of leadership failure.
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Precious201010(m): 4:57pm On Apr 30
How about bicycle fuel? As we no come get jet and car?
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by tiswell(m): 4:58pm On Apr 30
Dangote dangote dangote!!!
This was not the promise sad


Is your refinery a curse or a blessing to Nigeria and Nigerians?
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by AMI3(m): 4:59pm On Apr 30
Now we are all in the mercy of dangote.
So sad the way things are going?

Soon dango will be detecting how we knac our girlfriends.
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by franchasng: 4:59pm On Apr 30
Still not down as expected....everything that goes up in Nigeria always refuse to obey the law of gravity angry angry
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Gotocourt: 5:00pm On Apr 30
Kerosene ₦1,820, omorr nawa oOoOO 😥
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Axis313(m): 5:00pm On Apr 30
I know this will happen, with the appointment of Rabiu Umar, former Sales and Marketing Director of Dangote Group as the new NMDPRA boss.
He don talked to his former boss.
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Gotocourt: 5:01pm On Apr 30
Tenses:
This is bad and unsafe that one man will have power to determine the market price of critical fuels in Nigeria.

This is nothing short of leadership failure.
His private business, government no longer interested in subsidy
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Reference(m): 5:01pm On Apr 30
Tired talking about Dangote. You all know what you did. Just accept the repercussions.
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by manisholu(m): 5:02pm On Apr 30
Pms is now 1330 as at today, its going higher and higher
yomalex:
Okay. I think say na pms sha
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by AMI3(m): 5:02pm On Apr 30
yomalex:
Okay. I think say na pms sha
Do u think the increment will stop soon. I don't think so.
This one is tasting the ground.
The people that suppose to complain are share holder expecting return of their investment.
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by tnerro1(m): 5:03pm On Apr 30
Cant government call dangote to a meeting and sell crude to him at a discount so it can bring down prices temporarily pending when the Iran issue is resolved. This will not include any subsidy payments. Why is the government just abandoning the masses to their fate, fuel id now 1,440 per liter and everyone is quite.
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by HacheNoire: 5:03pm On Apr 30
Tenses:
This is bad and unsafe that one man will have power to determine the market price of critical fuels in Nigeria.

This is nothing short of leadership failure.
Leadership failure that a private company started refining business!

Do you know how many license were issued for construction of refinery’s in Nigeria? So one man capitalizing on it is now the problem of Nigeria?

Delve into the business and compete with him. Competition is good for the market.
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by OlujobaSamuel: 5:04pm On Apr 30
Una better form group make you dey do direct order from Dangote, since marketers no want make una rest, make everyone do what is fine by him, if marketers no see buyer again, dem go move to other trade or change system
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by OlujobaSamuel: 5:05pm On Apr 30
tnerro1:
Cant government call dangote to a meeting and sell crude to him at a discount so it can bring down prices temporarily pending when the Iran issue is resolved. This will not include any subsidy payments. Why is the government just abandoning the masses to their fate, fuel id now 1,440 per liter and everyone is quite.
Govt wont do this for two major reasons, 1, OPEC membership.
2, govt will earn less and they are not willing to go that route
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by HacheNoire: 5:05pm On Apr 30
AMI3:
Now we are all in the mercy of dangote.
So sad the way things are going?

Soon dango will be detecting how we knac our girlfriends.
His Dangote stopping you from opening yours?

Y’all be blaming a businessman for the woes of a country!

Why not criticize the government of why it’s taking them decades to get 4 refinery’s at optimum capacity?

Leave the man alone! He is strictly in business!
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by yemmight(m): 5:06pm On Apr 30
Fear catch me immediately. That I no get problem, I no dey enter plane,
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by OlujobaSamuel: 5:09pm On Apr 30
Axis313:
I know this will happen, with the appointment of Rabiu Umar, former Sales and Marketing Director of Dangote Group as the new NMDPRA boss.
He don talked to his former boss.
This is not a case of price change, but price transparency.
Airline operators wanted to go on strike today because marketers were reaping them, as no one knows the actual cost marketers are getting the product, this prompted this price disclosure, just like the case with pms and diesel
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by tnerro1(m): 5:09pm On Apr 30
OlujobaSamuel:
Govt wont do this for two major reasons, 1, OPEC membership.
2, govt will earn less and they are not willing to go that route
The most important function of government is security and welfare. Can it be said about this government?
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Tenses: 5:09pm On Apr 30
HacheNoire:
Leadership failure that a private company started refining business!

Do you know how many license were issued for construction of refinery’s in Nigeria? So one man capitalizing on it is now the problem of Nigeria?

Delve into the business and compete with him. Competition is good for the market.
Why is it that when Leadership Failure is mentioned tinubu's attack dogs will start attacking?
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by OlujobaSamuel: 5:11pm On Apr 30
tnerro1:
The most important function of government is security and welfare. Can it be said about this government?
I only answered the question on why no govt will do a crude price discount sales to any company.
I'm not discussing performance
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by obonujoker(m): 5:11pm On Apr 30
May fire and brimstone fall upon the Tinubu led APC government for impoverishing the citizens of this great country
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by HacheNoire: 5:12pm On Apr 30
Tenses:
Why is it that when Leadership Failure is mentioned tinubu's attack dogs will start attacking?
I thought you were going to expatiate on how leadership failed.

Leadership failed because a man built a refinery! Make it make sense!

Like you are the only market he got! His business is opened to the world! Y’all can resume importation again!
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by israelmao(m): 5:28pm On Apr 30
This is not far cry from N2000per litre
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by ufotunang: 5:40pm On Apr 30
Reference:
Tired talking about Dangote. You all know what you did. Just accept the repercussions.
.. dangote said they NNPC and federal government does not supply him sufficient crude oil for his refinery...that he imports crude oil ..so the importation of the crude oil makes the price of fuel and avaition fuel to be expensive
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by dododawa1: 5:43pm On Apr 30
DANGOTE DANGOTE DANGOTE




OWNS





250 MILLIONS OF NIGERIANS AT HAND
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by Shimbo96(m): 5:55pm On Apr 30
Tenses:
This is bad and unsafe that one man will have power to determine the market price of critical fuels in Nigeria.

This is nothing short of leadership failure.
do you understand this post at all? Why can't you blame the marketers?
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by NetbizBoss: 5:56pm On Apr 30
Any price Dangote give you people take and thank him, he is the only lion to roar in the industry. Don't blame him blame your ineffective government
Re: Dangote Refinery Fixes Jet Fuel Price At ₦1,820/litre by MemoriesAndMe: 5:57pm On Apr 30
Why? Im building my own refinery too

Once its completed, ill sell everything to everyone in Nigeria at N1 per gallon.

But the refinery Im building is in my dreams o, not reality yet. But my dreams always come to past, so just believe.
1 2 Reply

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