{"id":126777,"date":"2026-04-29T06:37:38","date_gmt":"2026-04-29T05:37:38","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=126777"},"modified":"2026-04-29T06:37:38","modified_gmt":"2026-04-29T05:37:38","slug":"jet-fuel-crisis-fg-moves-to-set-price-range","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/jet-fuel-crisis-fg-moves-to-set-price-range\/","title":{"rendered":"Jet Fuel Crisis: FG Moves to Set Price Range"},"content":{"rendered":"<div style=\"text-align: justify;\">By Lizzy Chirkpi<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Federal Government has moved to stabilise the rising cost of aviation fuel by setting a benchmark price range and introducing measures to address supply challenges across the sector.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The decision followed a high-level meeting convened by the Minister of Aviation and Airspace Management on April 22 and 23, where key industry regulators including the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Federal Airports Authority of Nigeria, Nigerian Civil Aviation Authority, and Nigerian Airspace Management Agency met with airline operators and fuel marketers to tackle persistent price volatility and supply disruptions.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The meeting resolved to establish a technical committee to develop actionable solutions. Acting swiftly, the committee convened on April 24 under the leadership of the NMDPRA to chart a path forward.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to findings from the committee, the current market realities suggest that aviation fuel commonly known as Jet A1 should sell within a benchmark range of \u20a61,760 to \u20a61,988 per litre in Lagos, and between \u20a61,809 and \u20a62,037 per litre in Abuja.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cFollowing current market conditions, the indicative end-user price is projected within these ranges, though actual prices may fluctuate due to global volatility and operational costs,\u201d a source familiar with the deliberations said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe pricing framework is tied to international benchmarks, particularly Platts averages within a defined window, which reflects prevailing global trends,\u201d the source added.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Lizzy Chirkpi The Federal Government has moved to stabilise the rising cost of aviation fuel by setting a benchmark price range and introducing measures to address supply challenges across&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":126651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-126777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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