{"id":33184,"date":"2026-04-28T12:06:10","date_gmt":"2026-04-28T10:06:10","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=33184"},"modified":"2026-04-28T12:06:10","modified_gmt":"2026-04-28T10:06:10","slug":"nigeria-caps-jet-fuel-prices-to-avert-airline-disruptions","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigeria-caps-jet-fuel-prices-to-avert-airline-disruptions\/","title":{"rendered":"Nigeria caps jet fuel prices to avert airline disruptions"},"content":{"rendered":"<p><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Nigeria&#8217;s government is capping jet fuel prices and allowing airlines to buy supplies on credit, according to a government document seen by Reuters, as it tries to avert flight \u200bdisruptions caused by soaring fuel costs.<\/span><\/p>\n<p>The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) \u200bsaid in the document that aviation fuel should sell for 1 760 \u2060Naira to 1 988 Naira ($1.29 to $1.46) per litre in Lagos.<\/p>\n<p>It warned \u200bthat prices could still rise due to market volatility linked to the United States (US) Iran conflict and higher supplier costs.<\/p>\n<p style=\"text-align: left;\">The NMDPRA and Aviation Ministry did not immediately respond to a request for comment.<br \/>\nThe decision follows \u200bemergency talks after airlines warned that jet fuel prices had jumped by more \u200bthan 270%, forcing fare increases and raising the risk of capacity cuts.<\/p>\n<p>President Bola Tinubu last week approved \u200c30% relief \u2060on airlines&#8217; debts to aviation agencies and ordered fuel marketers, airlines and regulators to agree on a &#8220;fair&#8221; fuel price within 72 hours to prevent a sector-wide shutdown.<\/p>\n<p>The talks also agreed to grant airlines a 30-day credit window to pay for fuel and \u200btasked the aviation \u200bministry with mediating debt \u2060disputes between operators and oil marketers, according to the document.<\/p>\n<p>A technical committee convened by the NMDPRA recommended that fuel marketers sell \u200bdirectly to airlines within the indicated price range to cut \u200bcosts and \u2060improve supply-chain transparency, the document said.<\/p>\n<p>The committee also urged regulators to engage Dangote Petroleum Refinery and Petrochemicals over recently increased premiums applied to international benchmarks used to price jet \u2060fuel.<\/p>\n<p>Other recommendations \u200binclude validating airside fuel distributors with adequate infrastructure &#8211; \u200bpotentially reducing the number of authorised suppliers at airports and considering jet fuel for Nigeria&#8217;s Naira-for-crude initiative to \u200blimit airlines&#8217; foreign exchange exposure.<\/p>\n<p>\u2014Reuters\u2014<\/p>\n","protected":false},"featured_media":20722,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-33184","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The decision follows \u200bemergency talks after airlines warned that jet fuel prices had jumped by more \u200bthan 270%.","published_date":"","news_description":"The decision follows \u200bemergency talks after airlines warned that jet fuel prices had jumped by more \u200bthan 270%.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33184\/revisions"}],"predecessor-version":[{"id":33185,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33184\/revisions\/33185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20722"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=33184"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=33184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}