A sharp surge in aviation fuel prices has triggered concerns across Nigeria’s aviation sector, with Jet A1 rising by 300 per cent to ₦3,300 per litre, prompting urgent government intervention to prevent a potential disruption to flight operations.
In a formal communication to the Airline Operators of Nigeria, the Minister of Aviation and Aerospace Development, Festus Keyamo, confirmed that the price of Jet A1 had increased from ₦900 per litre as of February 28, 2026, to its current level, placing significant strain on airline operations.
The development has intensified pressure on domestic carriers, many of which have warned of possible suspension of services if cost conditions persist. Airlines rely heavily on aviation fuel, making it one of the largest components of operating expenses, and the steep increase has heightened concerns over sustainability.
In response, the minister appealed to operators to avoid immediate fare increases and reconsider any planned suspension of flights, noting the broader economic implications of such actions. He emphasised that abrupt fare hikes could reduce passenger demand and limit access to air travel, while a shutdown of operations would disrupt logistics, business activities, and national connectivity.
Government Seeks Urgent Intervention as Cost Pressures Mount
The Federal Government, under President Bola Ahmed Tinubu, acknowledged the severity of the situation and assured stakeholders that steps are being taken to address the underlying challenges. According to the minister, the aviation sector remains a strategic component of the economy, supporting trade, employment, and national integration.
To address the crisis, authorities have scheduled an emergency stakeholders’ meeting in Abuja on April 22, 2026. The meeting is expected to bring together regulators, operators, and other key players to develop immediate and sustainable solutions to the fuel pricing challenge.
The government’s intervention comes amid mounting tension between operators and regulators, as airlines weigh the financial impact of sustained high fuel costs against the risks of scaling back operations. The situation underscores the sensitivity of the aviation sector to fuel price volatility, particularly in an environment where cost pass through to passengers remains constrained.
While discussions are ongoing, the outcome of the planned engagement is expected to determine whether the sector can stabilise in the near term or face further operational disruptions driven by escalating fuel costs.