The Dangote Petroleum Refinery has reduced the ex-gantry price of Aviation Turbine Kerosene (ATK), commonly known as Jet A1 fuel, in a move expected to provide some relief to airlines and other aviation industry operators.

According to sources within the refinery, the new price has been lowered by ₦100 per litre, bringing the ex-gantry rate down from ₦1,550 per litre to ₦1,450 per litre.

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The latest adjustment follows a series of recent price reviews by the refinery, reflecting changing conditions in the international energy market and movements in crude oil prices.

D Keyword: Dangote Refinery Lowers Jet Fuel Cost

Industry observers say the reduction could have positive implications for the aviation sector, where fuel remains one of the largest components of operating expenses.

Airlines have consistently cited the rising cost of aviation fuel as a major challenge affecting profitability, ticket pricing, and operational sustainability. As a result, any reduction in Jet A1 prices is often viewed as a welcome development by industry stakeholders.

The decision comes amid easing pressure in global energy markets following recent declines in crude oil prices. Lower feedstock costs have encouraged refiners worldwide to adjust product prices downward, creating opportunities for consumers and businesses to benefit from reduced energy expenses.

Analysts note that while the ₦100 per litre reduction may not immediately translate into significantly lower airfares, it could help airlines manage operational costs more effectively and reduce financial pressure on the sector.

The Dangote Petroleum Refinery has increasingly become a major supplier of refined petroleum products in Nigeria since commencing commercial operations. The refinery has recently implemented several pricing adjustments across different fuel categories, including Premium Motor Spirit (petrol), as market conditions evolve.

Industry participants will be closely monitoring whether the latest reduction in aviation fuel prices triggers further adjustments by other suppliers in the downstream petroleum market.

Stakeholders also expect the move to contribute to improved fuel availability and increased competition within the aviation fuel supply chain.

With aviation fuel accounting for a substantial share of airline expenditure, the reduction is expected to be welcomed by operators seeking ways to maintain service delivery while managing costs in a challenging economic environment.

As global oil prices continue to fluctuate, market observers anticipate that pricing decisions by major refiners such as Dangote will remain a key factor influencing energy costs and operational planning across Nigeria’s transportation and aviation sectors.