The Federal Government has projected that aviation fuel prices could range between N1,760 and N1,988 per litre in Lagos and between N1,809 and N2,037 per litre in Abuja, following high-level engagements with stakeholders. A technical committee convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on April 24 made the projection based on Platts average rates recorded between April 17 and 23, 2026. The committee recommended direct sales from marketers to airlines, a 30-day credit window, and inclusion of aviation fuel under the naira-for-crude initiative.
Key Points
- Airlines face fuel costs between N1,760 and N2,037 per litre, still higher than pre-crisis levels.
- Passengers may see ticket prices stabilise or drop slightly if the price band holds.
- A 30-day credit window could ease airline cash flow and reduce shutdown threats.
- Direct marketer-to-airline sales aim to cut out intermediaries and reduce costs.
- Inclusion under naira-for-crude could further stabilise pricing in the medium term.
Watch whether the naira-for-crude inclusion materialises and if the April 30 airline shutdown threat is called off following these projections.
Sources: Vanguard News
