Business News
Dangote Refinery cuts jet fuel price to N1,650 per litre
Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre in a move aimed at easing cost pressures on airlines and ensuring uninterrupted fuel supply across the country.
The price adjustment was disclosed in a statement issued to Very Nigerian on Monday.
The refinery also introduced a 30-day interest-free credit facility backed by bank guarantees for marketers and airline operators.
In addition, the company announced a shift from a dollar-denominated pricing structure to a naira-based model, a move expected to reduce foreign exchange pressure and improve access to aviation fuel in Nigeria.
These interventions come amid growing concerns over the rising operational costs faced by domestic carriers, with aviation fuel accounting for a significant portion of airline expenses. Industry stakeholders have repeatedly warned that escalating Jet A1 prices are placing severe financial strain on operators and threatening the sustainability of flight operations.
The refinery’s decision is expected to provide relief to airline operators by lowering fuel procurement costs, improving operational stability, and supporting efforts to moderate airfares.
Follow Us on Google Discover
Tems makes history as first African female artist with US Diamond-certified single
Imo now one-party state, our people have decided to re-elect Tinubu in 2027, Says Uzodimma
Court sentences two men to death by hanging for raping, murdering 17-year-old girl in Anambra
Trump criticises Tuchel’s tactics after England’s World Cup exit to Argentina
NBA Presidential Poll: Badejo-Okusanya leads as voting continues after cyberattack delay
APC crisis deepens as Aiyedatiwa’s loyalists sue party, INEC over Ondo primaries
NUJ FCT Chairman Grace Ike wins Beacon of Education Award, pledges support for children with special needs
5.0-magnitude quake rocks Southeastern Turkey
Nigerians, foreign nationals nabbed over illegal mining in Nasarawa
My husband suffering political prosecution – El-Rufai’s wife Asia reports husband’s detention to international community
Kebbi 2027: ADC Guber candidate Abubakar Malami names Musa Zagi as running mate
Suspected bandits kill 13 in fresh attacks on Sokoto communities
Kano Senator Rufa’i Hanga meets Gov Yusuf, finalizes move to join APC
Court dismisses suit seeking INEC recognition of Turaki-led PDP interim NWC
JUST IN: Three face trial over Oyo schoolchildren, teachers’ abduction
BREAKING: Kogi High Court denies ordering deregistration of NDC
Major shake up in Kaduna ADC as Salihu Lukman dumps party, blames El-Rufai
8 Public assets named after Tinubu since becoming president (Full List)
BREAKING: Court of Appeal overturns judgment nullifying INEC’s 2027 electoral guidelines
Mary Habila had a boyfriend but was like a daughter to me; before her death, she had a nosebleed, Umahi says
JUST IN: Three face trial over Oyo schoolchildren, teachers’ abduction
BREAKING: Abducted principal, NECO official, students rescued – Kogi Govt
Supreme Court directs final forfeiture of Emefiele’s properties
Ex-President Goodluck Jonathan’s son bags degree in UK
Hawking, preaching in buses to attract ₦50,000 fine — Senate
FG renames Lagos-Calabar Coastal Highway after President Tinubu
Bauchi 2027: APC picks ex-Bala Mohammed campaign DG Faruk Mustapha as Deputy Gov candidate
BREAKING: Andy Burnham confirmed as UK Labour leader
Yobe approves ₦460.8m support for Akara sellers, Women petty traders
