Nigeria’s aviation fuel market is currently stable, characterized by sufficient supply and regulated pricing, as reported by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The regulatory body has dismissed allegations of widespread shortages and inflated prices, asserting that existing stock levels are adequate to meet the national demand. In an official statement, NMDPRA Director of Public Affairs George Ene-Ita clarified that the country has a combined aviation fuel sufficiency of 74 days, which includes 12 days of inland stock and 62 days of refinery stock. The authority described this as a “robust supply” capable of sustaining operations across all airports.
Furthermore, the NMDPRA emphasized that aviation fuel has been fully deregulated, with prices determined by market dynamics rather than government intervention. Current pricing details indicate that the ex-gantry price at the Dangote Petroleum Refinery & Petrochemical Company is ₦1,879 per litre, which is slightly below the international indicative supply cost of approximately ₦1,900 per litre in Lagos as of April 16, 2026. A nationwide price survey conducted on April 17 revealed retail prices ranging from ₦1,960 to ₦2,800 per litre. The authority firmly rejected claims circulating in some media outlets that aviation fuel was being sold at ₦3,300 per litre, labeling such reports as inaccurate and misleading.
The NMDPRA reaffirmed its commitment to monitoring supply and pricing trends in accordance with its regulatory mandate. The authority pledged to take necessary measures to prevent supply disruptions and curb profiteering within the aviation fuel supply chain. In conclusion, the NMDPRA commended stakeholders for maintaining steady distribution and assured the public of its ongoing efforts to ensure energy security and stability in the petroleum sector.
Comments are closed for this story.