Dangote Petroleum Refinery lowered the price of aviation fuel, Jet A1, to N1,650 per litre from N1,750, the company said Monday.
The move is aimed at easing mounting cost pressures on Nigerian airlines.
The cut comes as carriers have warned of potential shutdowns after jet-fuel prices spiked in the wake of geopolitical tensions tied to the US-Iran conflict.
Airline operators and industry sources have argued that domestic increases have outpaced global trends: some marketers reportedly charged as much as N3,300 per litre at the peak, while independent estimates put the range during the crisis at N2,700–N2,900, up from roughly N900 per litre before the disruption.
In a statement, Dangote said the price reduction is part of a package of interventions that includes a 30-day interest-free credit facility—backed by bank guarantees—for marketers and carriers, and a shift from dollar-linked pricing to a naira-denominated model.
The company described the measures as targeted support for domestic airlines, noting aviation fuel constitutes a large portion of carriers’ operating costs.
Industry executives have repeatedly warned that sustained high Jet A1 prices threaten the viability of Nigerian air services and could drive further fare increases.
Dangote said it expects the new pricing structure and credit support to lower procurement costs for airlines, stabilise operations and help moderate ticket prices.
