Dangote Refinery has announced a lower N1,820 per liter of aviation fuel, known as JetA1, to undercut the N3,000 per liter price speculated by marketers.

The 650,000-barrel-per-day company in a price list to customers said fixing its aviation fuel at N1,820 per liter was to boost price transparency in the JetA1 market.

DAILY POST reports that airline operators in the past months have continued to lament the high cost of JetA1, which increased by around 300 percent following the conflict escalation in the Middle East.

Price speculation and middlemen influence had further worsened the JetA1 price debacle for airline operators in Nigeria.

Meanwhile, the Nigerian Midstream and Downstream Petroleum Regulatory Authority said the JetA1 price stood at N1,960 per liter to N2,800, not above N3,000 as speculated in the aviation fuel market.

Earlier, DAILY POST reported that the Nigerian government gave airline operators a 30 percent debt discount as an intervention to halt aviation sector disruption.

Airline operators had threatened to shut down operations or raise airfares over the skyrocketing price of JetA1.