Nigeria Sets Jet A1 Prices, 30-Day Credit for Airlines

Nigeria's federal government has intervened in a deepening aviation fuel crisis, directing marketers to offer airlines a 30-day credit window and sell Jet A1 fuel directly to operators while setting indicative prices between 1,760 naira and 1,988 naira per litre in Lagos and 1,809 naira to 2,037 naira per litre in Abuja.

The measures emerged from high-level meetings convened by the Minister of Aviation and Aerospace Management on April 22 and 23, 2026, involving representatives from the Ministries of Aviation and Petroleum Resources, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Federal Airports Authority of Nigeria (FAAN), the Nigerian Civil Aviation Authority (NCAA), airline operators and fuel marketers. A technical committee convened by NMDPRA on April 24 produced the recommendations, outlined in an executive summary. The price bands are based on Platts average rates from April 17 to 23, with warnings that volatility from the U.S.-Iran conflict and supplier costs could push prices higher.

Stakeholders urged NMDPRA to review pricing elements, including Platts premiums and recent refinery cost adjustments, to stabilize the market. Regulators...