Airline operators in Nigeria have confirmed their procurement of Jet A1 fuel from a local refinery.
A spokesperson for the Airline Operators of Nigeria shared that they have been purchasing Jet A1 from this refinery for some time.
The cost of Jet A1 fuel can vary based on different factors, such as location and market conditions.
Due to the high cost of imported Jet A1, the industry has been exploring local sourcing options to reduce expenses.
Negotiations have taken place with the local refinery to potentially lower the cost of Jet A1 by sourcing it locally instead of importing.
Despite discussions on pricing, a final agreement has not been reached between the industry and the refinery.
The quantity of Jet A1 required fluctuates based on the operational aircraft in the country.
The Federal Government has recently approved the local refinery as the primary supplier of jet fuel for Nigerian airline operators.
This decision aligns with the government’s naira-for-crude agreement with local refiners, including the approved refinery.