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Aviation fuel rises to all time N250/litre

Only two marketers supply Jet A1
Despite assurances from the Nigerian Civil Aviation Authority (NCAA) that aviation fuel scarcity would soon be a thing of the past, the commodity sold for an all-time high of between N200 and N250 per litre yesterday.
Only two marketers, Sahara Oil and Total Oil supplied Jet A1 to virtually all the carriers yesterday, thereby putting huge pressure on airlines and passengers, who struggled to get on-board flights to their different destinations. WoleshadareNews learnt that some of the marketers gave priority to foreign airlines.
A Chief Executive of one of the leading domestic carriers, who pleaded anonymity, said the priority giving to foreign airlines in the supply of JET A1 led to the oil marketers hiking the price of the commodity.

Aviation fuel rose from between N89 and N90 per litre penultimate week to N170 per litre. Airlines bought for N250 per litre yesterday.
This would have a huge effect on airline operators who are grappling with high cost of operations triggered by falling Naira against the American dollar.
A dollar was yesterday exchanged for N370 at the parallel market. Most of the foreign airlines that spoke to our correspondent, said the supply they from Nigeria was not enough, the reason some of them brought in enough fuel for a return flight back to their country.
A top of official of an European airline said where the carrier decides to take additional fuel along, they would need to reduce load capacity, stressing that most times, they make a stop-over at Accra, Ghana to buy aviation fuel. The source said doing that has a huge cost implication as they have to pay some extra charges.
Spokesman for Dana Air, Kingsley Ezeanyanwu disclosed that his airline like many other airlines are facing serious challenges, adding that, “We have not cancelled flights and we don’t have the intention to do so but one thing is certain, we have witnessed delays and we will run all our schedules,” he added.
Meanwhile, the NCAA in a statement said the Federal Government was already engaging stakeholders involved with the procurement and distribution of aviation fuel to ensure availability in earnest.
The authority called on all passengers who are experiencing the attendant flight delays and cancellations arising from the scarcity of Aviation fuel to exercise restraint.
For two weeks now, passengers had been left stranded at most of the country’s aerodromes just as airlines too have difficulty in getting supply of the commodity.
This call is necessary due to reports of passengers’ rage and violence from some of the nation’s airports in the last few days. In some cases irate passengers have resorted to wanton destruction of certain facilities at the airports.
Spokesman for NCAA, Sam Adurogboye said the regulatory authority agrees absolutely with the passengers that the conditions of carriage on their tickets must be upheld by the operating airlines. other words, it is our statutory responsibility to ensure that passengers derive value for their money.
In addition, he said the NCAA is well primed to ensure that all aggrieved passengers’ complaints are professionally handled by our consumer protection officers, adding that these includes flight cancellations, delays, missing baggage, denied boarding etc.
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