Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA
The aviation fuel marketers’ association was handed the proposal for a 30-day credit window for the airlines
The NMDPRA has been urged to direct marketers to sell directly to the Airline operators within this period and to engage the Dangote Petroleum Refinery & Petrochemicals, DPRP, to adjust accordingly
Through negotiation, the aviation fuel marketers have been persuaded to adjust the pump price of JET A1 fuel to between N1,760.00k – N1,988.00k Per Litre in Lagos and Abuja, instead of the proposed N3303 per litre earlier announced by the marketers.
While pump prices in other destinations apart from Lagos and Abuja have been pegged between the range of N1,809 – N2,037 per Litre.
Also, a 30-day credit timeline was advocated for the Marketers to extend to the airlines within the window to honour their obligations in order to continue enjoying an uninterrupted supply of fuel.
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, the various pump prices are the outcome of the meeting convened last Wednesday, 22nd and Thursday. 23rd April, by the Minister of Aviation and Aerospace Development, Barr Festus Keyamo.
The media statement by NMDPRA said the technical committee constituted on Wednesday, and on Friday, 24th April, agreed on the pump prices and explained that the decisions were indicative prices based on Platts average prices for the period of 17th-23rd April 2026.
The technical committee noted that Products purchased outside the above window may be higher due to high volatility in current prices precipitated by the U.S.-Iran war and varying operational costs by operators.
The committee urged NMDPRA to direct marketers to sell directly to the Airline operators within this period and to engage the Dangote Petroleum Refinery & Petrochemicals, DPRP, to adjust the premium on Platts to reflect the cost variation element that was recently increased by the refinery.
The NMDPRA was mandated to liaise with the management of the Federal Airports Authority of Nigeria, FAAN, and the Nigerian Civil Aviation Authority, NCAA, for proper oversight over airside distribution to ensure compliance with stipulated criteria.
Also, the committee mandated the Ministry of Aviation to facilitate a consultative meeting between Oil marketers and Airline operators to resolve outstanding debts.
The committee, on behalf of the airlines, solicited the Marketers to consider a 30-day credit window for airlines to pay up for supplies made.
The committee unanimously charged NMDPRA to ensure its recommendations include Aviation Turbine Kerosine, ATK, under the Naira for Crude Initiative.
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