The Minister of Aviation and Aerospace Development, Festus Keyamo, has inaugurated the Joint User Hydrant Installation 2 (JUHI-2), a state-of-the-art jet fuel storage facility with a capacity of 150 million litres of Jet A1 fuel, making it the largest airside jet fuel depot in Nigeria. This facility, located in Ikeja, Lagos, has the capacity to … Read more
Operators in the downstream oil sector urge the Federal Government to ensure crude oil supply to the Dangote refinery, criticizing high prices and lack of collaboration as reasons for preferring imported fuels. Eko Hot Blog reports that operators in the downstream oil sector have urged the Federal Government to ensure the provision of crude oil to the … Read more
Dangote Refinery announced that Nigeria will stop importing petrol by next month due to the refinery’s production capabilities. The refinery’s operations could reduce Nigeria’s annual fuel import bill by N6.2 trillion, saving significant foreign exchange expenditures. The refinery will meet the fuel needs of West Africa and beyond, including supplying aviation fuel to the continent … Read more
Eko Hot Blog reports that Dangote Petroleum Refinery has announced a new selling price for its diesel and aviation fuel. The company disclosed that diesel will now sell at ₦940 per litre while aviation fuel will sell at ₦980 per litre. Editor’s Picks CBN Sells Fresh Dollars To BDC Operators At ₦1,021/$1 BREAKING: Dangote Slashes … Read more
Anticipated increase in Jet A1 supply from Dangote Refinery may lead to reduced ticket prices for domestic airline passengers. Indigenous carriers have adjusted ticket prices over the past four years due to rising jet fuel costs. Managing Director of Aero Contractors, Captain Ado Sanusi, expresses optimism about potential price decrease if Jet A1 prices drop. … Read more
Cooking gas price in Nigeria have surged by 38% Year over Year. The increase is attributed to the foreign exchange crisis impacting the market. Government officials are engaging with stakeholders to stabilize domestic prices. Eko Hot Blog reports the cooking gas price for a 12.5 kg cylinder has risen to N14,150, about 38 percent Year … Read more
Nigerian Airlines ‘Likely’ To Cancel Fights, Due To Aviation Fuel Scarcity The management of Ibom Air has also alerted its customers of impending flight cancellations due to the scarcity of aviation fuel EDITOR’S PICK: IGP Orders Investigation Into Portable’s Claim Of Forming Notorious Gangs Akeredolu Reveals When He Will Buy Guns For His People Insecurity: … Read more
FG Finally Speaks On Rising Price Of Diesel, Aviation Fuel, Reveals Reason Chief Sylva explained that the prices of both products which are imported are being impacted by foreign exchange rate EDITOR’S PICK: Police Recover Unexploded IEDs At Owo Church Owo Church Attack “Targeted At Turning Yorubaland Into A War Zone” – Ooni Of Ife … Read more
While marketers have defended the fuel price, airlines have insisted that it is too high, accusing marketers of exploitation The entire situation has led to increases in airfares EDITOR’S PICK Accountant General Suspended Over Alleged ₦80bn Fraud EFCC Arrests Former NDDC MD Ekere Over Alleged ₦47bn Fraud 5 Killed As Okada Riders, Traders Clash In … Read more
Domestic Airline operators will begin an indefinite strike from Monday over the aviation fuel crisis The cost of aviation fuel, also known as Jet A1, had risen from N190/litre and later N360/litre in January this year to N607/litre in March. The product now reportedly sells for N700/litre EDITOR’S PICK: JUST IN: Fuel Crisis May Spark … Read more
Airpeace chairman says Nigerian airline operators will shut down three days from now Airpeace Chairman, Allen Onyema, says the perennial fuel scarcity in Nigeria portends danger for the country’s aviation sector. Eko Hot Blog reports that Onyema said the deepening fuel crisis could cripple the operations of airline companies in Nigeria, leading to a complete shut down of … Read more