A technical committee set up by the federal government has recommended the inclusion of aviation fuel in the naira-for-crude scheme.
The committee, constituted following a high-level meeting convened by minister of aviation and aerospace development, Festus Keyamo, to address challenges around the supply and pricing of aviation fuel, also known as Jet A1, made the recommendation at itsmeeting.
The meeting had in attendance representatives from the ministry of aviation and other relevant government agencies and aviation industry associations.
Following the engagements and current market fundamentals, the committee said the indicative end-user price for aviation fuel should range between N1,760 – N1,988 per litre and N1,809 – N2,037 per litre in Lagos and Abuja, respectively.
“The indicative prices are based on Platts average prices for the period 17th – 23rd April 2026. Products purchased outside this window may be higher due to high volatility in current prices precipitated by U.S. Iran war and varying operational costs by operators,” the statement reads.
“NMDPRA should direct marketer to sell directly to the Airline operators within this period.
“To ensure price stability, NMDPRA should engage DPRP to adjust the premium on Platts and cost variation element that was recently increased by the Refinery.”
Also, the committee proposed that NMDPRA work with FAAN and NCAA to validate airside fuel distributors and reduce the number of operators based on agreed criteria.
The panel further recommended that the ministry of aviation facilitate discussions between oil marketers and airline operators to resolve outstanding debts.
“Marketers should consider a 30-day credit window for airline to pay up for supplies made,” the statement reads.
“NMDPRA to recommend the inclusion of ATK under the Naira for crude Initiative.”
