NMDPRA Sets ₦1,760–₦2,037 Range To Stabilise Aviation Fuel Prices

According to Ireporter Online, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced a recommended pricing framework for aviation fuel, also known as Jet-A1, aimed at stabilising its cost across the country. The authority pegged the indicative price between ₦1,760 and ₦1,988 per litre nationwide, while noting that rates in key aviation hubs such as Lagos and Abuja may range between ₦1,809 and ₦2,037 per litre.

The development follows deliberations by a technical committee convened on April 24, 2026, to address the continuous rise in aviation fuel prices, which has significantly impacted domestic airline operations and raised concerns over industry sustainability.

The regulatory body explained that the proposed pricing structure was based on international market benchmarks, particularly Platts average prices recorded between April 17 and April 23, 2026. It also cautioned that global market volatility, influenced by geopolitical tensions and operational costs, could cause fluctuations beyond the recommended range.

To further ease pressure on airlines, the NMDPRA proposed that petroleum marketers be directed to sell aviation fuel directly to airline operators, a move designed to eliminate intermediaries and reduce inefficiencies in the supply chain. It also recommended a 30-day credit arrangement for airlines to improve liquidity and operational stability.

The authority further called for a consultative meeting involving the Ministry of Aviation, oil marketers, and airline operators to address outstanding financial obligations within the sector. It also proposed closer collaboration with the Federal Airports Authority of Nigeria (FAAN) and the Nigerian Civil Aviation Authority (NCAA) to streamline and regulate airside fuel distribution processes.

In addition, the NMDPRA suggested that Aviation Turbine Kerosene be included under the Federal Government’s naira-for-crude initiative, a policy it believes could help reduce the impact of foreign exchange volatility on fuel pricing and enhance affordability for domestic carriers.