The Nigerian Midstream and Downstream Petroleum Regulatory Authority has assured airlines and the general public of adequate supply of aviation fuel nationwide, dismissing reports of scarcity and extreme price hikes as inaccurate.
In a statement issued on Friday, by its Director of Public Affairs, George Ene-Ita, the authority said Nigeria currently has a combined aviation fuel sufficiency of 74 days, comprising 12 days of inland stock and 62 days from refinery reserves.
“The NMDPRA wishes to assure the public that there is robust supply of aviation fuel in the country,” the statement said.
The agency clarified that aviation fuel, like other petroleum products, is fully deregulated, with prices determined by market forces.
It noted that the ex-gantry price at the Dangote Petroleum Refinery and Petrochemical Company stands at N1,879 per litre, slightly below the international benchmark of about N1,900 per litre as of April 16, 2026.
According to the regulator, a nationwide survey conducted on April 17 showed that retail prices range between N1,960 and N2,800 per litre.
“The speculated price of N3,300 per litre being circulated in some sections of the media does not reflect current market realities,” it stated.
The authority said it will continue to monitor supply and pricing trends closely to prevent shortages and curb profiteering within the sector.
It also commended stakeholders across the aviation fuel supply chain for their efforts in maintaining steady distribution, reaffirming its commitment to ensuring energy security in the country.