NMDPRA: Aviation fuel sells for N2,800, not N3,300/liter

"Meanwhile, the nationwide retail prices surveyed by the NMDPRA as of 17th April 2026 range between N1,960 per litre and N2,800 per litre.

"Therefore, the speculated N3,300 per litre price of Aviation Fuel being peddled in the media does not reflect current market reality," said Mr. George Ene-Ita, Director of the Public Affairs Department, who issued the rejoinder.

The Authority boasted of product sufficiency, noting the country has 12 days of inland stock sufficiency and 62 days of refinery stock sufficiency. Making a total of 74 days of national sufficiency.

The rejoinder reads in part: "The attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been drawn to news reports circulating in the media on challenges of supply and pricing of Aviation Fuel.

"The NMDPRA wishes to assure the public that there is a robust supply of Aviation Fuel in the country, with an inland stock sufficiency of 12 days and a refinery stock sufficiency of 62 days. Making a total of 74 days of national sufficiency.

"It is imperative to note that, like other petroleum products, Aviation Fuel has been fully deregulated, and the price is driven by market dynamics.

"The prevailing Ex-Gantry price of Aviation Fuel at Dangote Petroleum Refinery & Petrochemical Company (DPRP) is N1,879 per litre, which is slightly lower than the international indicative supply cost of N1,900 per litre in Lagos as of the 16th of April 2026.

"The NMDPRA, in line with its mandate, will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of the supply of petroleum products and profiteering across the country. While appreciating the continued efforts of all stakeholders in the Aviation Fuel supply chain in ensuring adequate supply and distribution of the product, the public is hereby assured of NMDPRA's continued commitment to guarantee energy security in the country."