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Tag: Jet A1 fuel

Aviation

Airlines avert shutdown despite jet fuel price surge

Nigerian airlines sustained flight operations on Thursday despite earlier threats of an industry-wide shutdown triggered by soaring jet fuel prices, underscoring ongoing tensions in Africa’s leading crude-producing nation and most populous country. This marks the second time within two weeks that a potential strike by airline operators has been averted. Engagements between the Federal Government […]

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Airlines pay ₦2,230/l for aviation fuel despite NMDPRA price advisory

Despite a pricing advisory by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, oil marketers have continued to sell aviation fuel, also known as Jet A1, to airlines at N2,230 per litre and above, deepening concerns across Nigeria’s aviation sector. The NMDPRA had earlier indicated that aviation fuel should sell within a band of […]

Aviation

FG orders 30-day credit for airlines amid aviation fuel crisis

To tackle Nigeria’s worsening jet fuel shortage and price surge, the Federal Government has asked marketers to grant airline operators a 30-day credit window and sell aviation fuel directly to them. The development is sequel to a series of high-level engagements convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, following an earlier meeting […]

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NMDPRA sets aviation fuel price band for Lagos, Abuja

Nigerian Midstream and Downstream Petroleum Regulatory Authority on Monday, recommended that the price of Jet-A1, otherwise known as aviation fuel, should range between N1,760 and N1,988 per litre and N1,809 and N2,037 per litre in Lagos and Abuja. NMDPRA said the price band was arrived at following deliberations by a technical committee it convened on […]

Aviation

Jet fuel: FG plans tax relief to avert airlines shutdown

The Federal Government is considering debt waivers and tax relief measures to prevent a shutdown of domestic airline operations in Nigeria following a sharp rise in Jet A1 aviation fuel prices. The move comes amid rising concerns over the sustainability of local airline operations, as fuel prices have surged in recent weeks. The Minister of […]

NCAA discovers illegal fuel suppliers at airports
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NCAA discovers illegal fuel suppliers at airports

The Nigerian Civil Aviation Authority has found several unlicensed JET A1 marketers operating out of Nigerian airports and selling the product to unwary airlines. According to The Punch, while looking into the cause of the jet fuel pollution, of which Max Air was a victim, it uncovered this revelation. The infiltration of unregistered marketers was […]

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