In a significant move for Nigeria's aviation sector, Dangote Refinery has set the price of jet fuel at ₦1,820 per litre, raising concerns among airline operators about the sustainability of their operations. This decision comes amid escalating fuel costs that have already strained the industry, leading to calls for regulatory intervention. The refinery's pricing reflects ongoing challenges in the global oil market and local supply chain issues.
Airline operators have voiced their frustrations, with Ijeoma Nwogbo, CEO of Skyways Airlines, stating, "This price point threatens our operational viability and could lead to higher ticket prices for consumers." The aviation industry has been grappling with rising costs, and this latest development may exacerbate the situation, potentially leading to reduced flight frequencies or even closures for some carriers.
As the aviation sector navigates these turbulent waters, stakeholders are urging the government to explore subsidies or regulatory measures to stabilize jet fuel prices. Without intervention, the future of air travel in Nigeria could face significant challenges, impacting both the economy and consumer accessibility.
