JET-A1: Middlemen defy regulator's pricing band, raise price to N2,230/litre

Despite a pricing advisory from the NMDPRA, oil marketers are selling aviation fuel Jet A1 to airlines at N2,230 per litre and above, raising concerns in Nigeria's aviation sector. The NMDPRA had set a recommended price range of N1,760 to N1,988 per litre in Lagos. Strong demand and the involvement of intermediaries seeking to maximize margins are key factors sustaining these elevated prices. The Dangote Petroleum Refinery has a base price of about N1,800 per litre, but intermediaries are marking up prices significantly.