₦airaland Forum

The Dangote Petroleum Refinery has dropped the price of jet fuel from N1,750 to N1,650 per litre. The company disclosed this in a statement made available to The PUNCH on Monday.

Recall that airlines in Nigeria recently threatened to stop operations due to the rising cost of aviation fuel.

Since the advent of the US-Iran war, there has been a spike in aviation fuel in Nigeria, which the Airline Operators of Nigeria said was not proportionate to the hike internationally.

According to the airlines, fuel prices have skyrocketed from about N900 per litre before the crisis to between N2,700 and N2,900, with some marketers selling as high as N3,300.

But in the statement on Monday, the Dangote refinery said the price drop was in addition to a 30-day interest-free credit facility backed by bank guarantees for marketers and airline operators and a shift from a dollar-denominated pricing structure to a naira-based model.

“Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre in a move aimed at easing cost pressures on airlines and ensuring uninterrupted fuel supply across the country.

“This is in addition to a 30-day interest-free credit facility backed by bank guarantees (BG) for marketers and airline operators and a shift from a dollar-denominated pricing structure to a naira-based model,” the statement read partly.

It added that 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.

https://punchng.com/dangote-refinery-reduces-jet-fuel-price-to-n1650-litre/

Is this Reduction? Dangote should do an impactful reduction before coming to the media.

Reduce today and increase in two weeks

Okay good. Let the price keep going down please

Trump aint attacking Iran for now.

https://www.youtube.com/watch?v=0LhyWxVMUzA?si=0105GAHZTi20-Gi5 watch my first film

It seems the Airlines can buy directly from Dangote Refinery.

They were all complaining as if they couldn't get jet fuel directly from the Dangote refinery

Government should give licence for the importation of Jet Fuel so Dangote won't just be controlling the price

They better create more competition in this sector before he ruins the economy. Tomorrow now it will be increased to 2500.

How does this affect average man

bcomputer101:
What kind of yeye news be this? just 99 naira reduction and he went ahead to broadcast it


Very few are normal in this country

100 by 30k ltrs is 3m, so it's significant for the users

nah God go save us from this anyhow pipu

2special:
Reduce today and increase in 4 days maximum

. How I wish Mike Adenuga/Otedola can challenge him

Reduction that can not be felt js not reduction.
What a shame

a reduction that has no business with the common man.

Fóoóo

Reduces price yen yen yen, when I saw the headline my mind talk say e no go pass 100naira, and It wasn't wrong,

I parked my car hoping when dangote refinery is done fuel will be at most 500 naira per ltr without subsidy, but it seems this man no send anybody papa,

Parachoko:
It seems the Airlines can buy directly from Dangote Refinery.

They were all complaining as if they couldn't get jet fuel directly from the Dangote refinery

Government should give licence for the importation of Jet Fuel so Dangote won't just be controlling the price

There is a jet fuel shortage around the world....so while the government could give import licences, the fuel brought in from oversease would be higher in cost potentially than our locally produced jet fuel.

Importation is the way out for our oil sector

kiriminal is who he is ooo

2special:
Reduce today and increase in two weeks

tomorrow you will hear 1800 no be Nigeria again

nairalanda1:
There is a jet fuel shortage around the world....so while the government could give import licences, the fuel brought in from oversease would be higher in cost potentially than our locally produced jet fuel.

How do you know this? Are you saying jet fuel from Russia will be more expensive than the one from Nigeria?

Parachoko:
How do you know this? Are you saying jet fuel from Russia will be more expensive than the one from Nigeria?

It's all over the news. It's fuelled by the current crisis in Iran. Importing jet fuel won;t change things much here.

Also, while many airlines say that jet fuel supplies are ok...it is till summer ending, and most of it is due to refineries...Dangote included,..ramping up supplies and exports.

The thing is, until the war ends in Iran, and in the straits, nothing go change.

Absolutely! It's a fantastic headline. A real game-changer for Nigerian travellers. It’s all about the future, really. And it’s just so enticing. It’s a simple, sweet deal for everyone.

nairalanda1:
It's all over the news. It's fuelled by the current crisis in Iran. Importing jet fuel won;t change things much here.

Also, while many airlines say that jet fuel supplies are ok...it is till summer ending, and most of it is due to refineries...Dangote included,..ramping up supplies and exports.

The thing is, until the war ends in Iran, and in the straits, nothing go change.

Do you know what you're saying at all oga?

Russian Crude is one of the cheapest in the World.

Bonny light,WTI, Brent are more expensive when compared to Urals

allabig:
How does this affect average man

The goods and services you consumed by produced by organizations whose executives travels for business meetings with the cost of flight passed as operating expenses of the company which is further passed to the price of the product.

Macphenson:
Is this Reduction? Dangote should do an impactful reduction before coming to the media.

Tinubu that promised to reduce your purchasing power during his electoral campaign in Aso Rock and you are here waiting for impactful reduction

PapaNnamdi:
Fóoóo

Reduces price yen yen yen, when I saw the headline my mind talk say e no go pass 100naira, and It wasn't wrong,

I parked my car hoping when dangote refinery is done fuel will be at most 500 naira per ltr without subsidy, but it seems this man no send anybody papa,

₦500 per litre when the average the cost of petrol per barrel is over $0.6 and forex rate is ₦1,350+?

Parachoko:
Do you know what you're saying at all oga?

Russian Crude is one of the cheapest in the World.

Bonny light,WTI, Brent are more expensive when compared to Urals

OK,my good sire. Have a pleasant day.

Gboss247:
The goods and services you consumed by produced by organizations whose executives travels for business meetings with the cost of flight passed as operating expenses of the company which is further passed to the price of the product.

Hmmmmmm,
Maybe sha
Most meetings are now held online, ,

Fajimarketplace:
They better create more competition in this sector before he ruins the economy. Tomorrow now it will be increased to 2500.

Citizens of other countries are demanding for subsidies from the government while you are here quoting an imaginary theory