Published
8 hours agoon
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
Is assuring the public of robust supply of Aviation Fuel in the Country with the inland stock sufficiency of twelve (12) days, and the Refinery stock Sufficiency of Sixty (62) days, Making a total of 74 days of national sufficiency.
A Statement by George Ene-Ita
Director, Public Affairs Department
NMDPRA on friday said the statement has become imperative to set the records straight to avoid any form of panic, “Aviation Fuel has been fully deregulated, and the price is driven by market dynamics”
The prevailing Ex-Gantry price of Aviation Fuel at Dangote Petroleum Refinery & Petrochemical Company (DPRP) according to the statement is N1,879 per litre, which is slightly lower than the international supply cost of N1,900 per litre in Lagos as of the 16th of April 2026.
The statement further disclosed that the nationwide retail prices surveyed by the NMDPRA as of 17th April 2026 range between N1,960 per litre to N2,800 per litre, declarimg that the speculated N3,300 per litre price of Aviation Fuel being Reported by some media outlets does not reflect current market reality.
The NMDPRA, says in line with its mandate,
The Organization will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply of petroleum products and profiteering across the country.
The Statement applauds the continued efforts of all stakeholders in the Aviation Fuel supply chain in ensuring adequate supply and distribution of the product, assuring the public of NMDPRA’s continued commitment to guarantee energy security in the country.
Meanwhile, the Major Energy Marketers Association of Nigeria (MEMAN) has denied claims that its members are responsible for the recent sharp increase in the price of aviation fuel, Jet A1, stating that the widely quoted N3,300 per litre is about N1,000 higher than the average market price offered by its members.
The association described the N3,300 per litre price reportedly cited by the Airline Operators of Nigeria (AON) as inaccurate and not reflective of prevailing rates among its members.
The clarification was contained in a letter addressed by Clement Isong, MEMAN’s Executive Secretary/CEO, to AON President, Abdulmunaf Sarina, in response to the association’s concerns over rising aviation turbine kerosene (Jet A1) costs on Thursday.
MEMAN expressed surprise at the N3,300 per litre claim, emphasizing that its members do not engage in collective pricing, as such practices would violate competition laws.
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