Aviation fuel Archives - Aviation metric

Aviation fuel volatility: Nigerian carriers on life support

Posted on April 28, 2026April 28, 2026 by Wole Shadare

The Nigerian aviation industry, often described as the local economy’s barometer, is currently screaming “Mayday,” writes WOLE SHADARE What began as a turbulent climb in operational costs has rapidly devolved into a free fall, leaving domestic carriers gasping for air as the price of Jet A1—aviation fuel—skyrockets to an unprecedented N3,300 per litre. For an industry where fuel typically accounts for 40% of operational costs, this 300% surge from just N900 in February 2024 has turned…

Okon: Aviation fuel market hampered by inefficiency, thin profit margin

Posted on October 27, 2025 by Wole Shadare

Chairman, Avifuel Limited, Capt Augustine Okon said, for too long, the fuel market has been shrouded in clouds of uncertainty, arising from rising costs, forex pressure, import dependence, and erratic supply. The aviation fuel market, Okon stated, is a mirror of Nigeria itself; rich in promise, hampered by inefficiency, yet always full of hope. Speaking at a colloquium with the theme, “The Scenario and the Metaphor,” Okon noted that the scenario is technical, involving economics,…