To tackle Nigeria’s worsening jet fuel shortage and price surge, the Federal Government has asked marketers to grant airline operators a 30-day credit window and sell aviation fuel directly to them.
The development is sequel to a series of high level engagements convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, following an earlier meeting called by the Minister of Aviation and Airspace Management on April 22-23, 2026.
The session brought together representatives from the Ministries of Aviation and Petroleum Resources, as well as major aviation agencies, including the Federal Airports Authority of Nigeria, Nigerian Airspace Management Agency, Nigerian Civil Aviation Authority, airline operators, and aviation fuel marketers.
According to a copy of the executive summary of the meeting obtained by one of our correspondents in Abuja on Monday, the stakeholders called for urgent regulatory intervention to stabilize prices, urging the authority to engage relevant bodies to review pricing components linked to international benchmarks.
“To ensure price stability, NMDPRA should engage DPRP to adjust the premium on Platts and the cost variation element that was recently increased by the refinery,” the document stated.
At the end of the deliberations, the stakeholders agreed on a new indicative pricing band based on prevailing global oil market dynamics and domestic cost considerations. “The indicative end-user price should range between N1,760 – N1,988 per litre in Lagos and N1,809 – N2,037 per litre in Abuja,” the document stated.
It added that the pricing benchmarks were derived from Platts average prices recorded between April 17 and 23, 2026, warning that prices could climb even higher outside that window.