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Domestic Airlines Complain As The Price Of Fuel Rises To N680
Nigerian airlines have expressed their displeasure with the abrupt hike in aviation fuel prices from N500 to N680.
Despite stakeholders’ agreement in March that the price of gasoline would be set at N500 pending the decision of a meaningful uniform pricing, fuel marketers have raised the price to N680, according to a source within one of the airlines.
Aviation fuel now costs N680 in Kano and its environs, N650 in Abuja, and N600 in Lagos and its environs, according to a freshly increased price that has already taken effect.
The Daily Sun has heard that this event has created great concern among airlines, many of which are still recuperating from the first quarter of 2022’s extremely low passenger volume. According to an airline source, the hike will have a negative influence on their services, and some airlines may consider shutting down because of the high cost of operations.
Airline Operators in Nigeria (AON) threatened to shut down operations due to a lack of aviation fuel to run their operations during one of the meetings held in March at the request of the House of Representatives Committee on Aviation, as fuel marketers tried to persuade the House on why the product’s prices have skyrocketed.
