Jet fuel Archives - Aviation metric

Jet fuel price volatility threatens supply companies’ viability, warns CITA Energies Chief

Posted on October 20, 2026October 20, 2026 by Wole Shadare

Unstable global pricing for aviation turbine kerosene (ATK), commonly known as jet fuel, seriously threatens the financial stability and long-term viability of jet fuel suppliers. Without robust risk management and strategic pricing frameworks, marketers face significant exposure to structural operating losses. CITA Energies Limited Chairman and Chief Executive Officer Dr Thomas Ogungbangbe delivered this warning during the company’s 20th Anniversary celebration. Speaking to Aviation Metric on the sidelines of the event to celebrate two decades…

Jet Fuel Crisis: Rano Air Blinks First

Posted on May 12, 2026May 12, 2026 by Wole Shadare

The recent decision by Rano Air to suspend select flight routes is not merely a strategic pivot by a single carrier; it is a loud, distressing alarm for an industry on the brink, writes WOLE SHADARE Rano Air’s decision to scale back its operations is the latest domino to fall in a crisis fueled by an astronomical spike in Jet A1 fuel prices, prompting industry experts to sound the alarm about the future of domestic travel. On…

IATA: Prolonged Middle East conflict may lead to imminent jet fuel shortages

Posted on May 11, 2026May 11, 2026 by Wole Shadare

Director of Flight and Technical Operations at the International Air Transport Association, Stuart Fox, has warned that if the war in the Middle East continues, it won’t be long before the world sees fuel shortfalls. Flexibility, he said, could help the industry make better use of fuel and keep schedules intact, stressing that the recent pressure on the global supply of aviation fuel due to the war in the Middle East has put a spotlight on…

NAAPE Warns of Imminent Safety Risks, Job Losses Amid Jet Fuel Crisis

Posted on May 10, 2026May 10, 2026 by Wole Shadare

The National Association of Aircraft Pilots and Engineers (NAAPE) has raised a red flag over the escalating Jet A1 crisis in Nigeria, which has reached a boiling point. The association’s stance highlights a dangerous intersection between economic instability and physical flight safety. NAAPE is alarmed by early indicators that some operators are already restructuring their operations in response to this crisis. The recent announcement by Rano Air of a reduction in operational routes, it said,…

Ibom Air to cut capacity over soaring jet fuel

Posted on April 27, 2026 by Wole Shadare

Carrier spends N7.6 million on fuel per flight from N2.1million Citing soaring jet fuel prices in Nigeria, Ibom Air on Monday said it may be forced to reduce flight capacity to continue providing services to its customers. The airline’s statement, signed by Aniekan Essienette, Group Manager, Marketing and Communication, said the fuel price situation is an unprecedented crisis for Nigeria’s domestic airlines, adding that at Ibom Air, the cost of fueling its aircraft has more…

Jet fuel projected to sell between N1,760, N2,037 as FG intervenes

Posted on April 27, 2026April 27, 2026 by Wole Shadare

Following the high-level technical committee meetings, the federal government has officially established a new indicative price framework for Jet A1 fuel. With projections that aviation fuel prices could range between N1,760 and N2,037 per litre, This came following high-level engagements aimed at addressing persistent supply and pricing challenges in the sector. This directive, issued through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), aims to curb the extreme price volatility that saw costs hit…

Stakeholders Warn of Systemic Collapse Over High Cost of Jet Fuel

Posted on April 27, 2026 by Wole Shadare

The Aviation Safety Round Table Initiative (ART) has joined the urgent call for government intervention, addressing a letter to President Bola Ahmed Tinubu and the Minister of Aviation, Festus Keyamo, regarding the skyrocketing cost of Jet A1 fuel. This follows a dramatic surge in prices, which reportedly jumped from N900 per litre in late February to as high as N3,300 per litre by mid-April 2026—a 300% increase in just two months. The group, in a…

Galloping jet fuel: SADC airlines to implement cost recovery, surcharges

Posted on April 27, 2026 by Wole Shadare

The Airlines Association of Southern Africa (AASA) has noted with grave concern the lack of clarity around the availability of jet fuel across the Southern Africa Development Community (SADC) region, beyond next month. Air transport, a crucial pillar of SADC members’ economies, is particularly susceptible to disruptions in fuel supplies because it depends almost entirely on imported crude oil and refined Jet-A1 kerosene. Chief Executive Officer of AASA, Aaron Munetsi, in a statement, said…

Major oil marketers counter airline operators’₦3,300 claim, cites cheaper jet fuel options

Posted on April 16, 2026 by Wole Shadare

Ditch spot pricing to survive volatile Jet A1, says MEMAN The dispute between the Airline Operators of Nigeria (AON) and the Major Energies Marketers Association of Nigeria (MEMAN) has reached a boiling point, with both sides presenting vastly different accounts of current pricing and market realities. In a letter dated April 14, AON President Abdulmunaf Sarina warned that the price of Jet A1 (aviation fuel) had spiked from ₦900 per litre in February to ₦3,300…

Airlines cite 300% local manipulation for jet fuel hike, plan shutdown

Posted on April 15, 2026April 15, 2026 by Wole Shadare

Say surge in price not sustainable, wants FG’s intervention The Airline Operators of Nigeria (AON) have issued a formal notice to suspend flight operations nationwide starting Monday, April 20, 2026, citing the unsustainable surge in the price of Jet A1 (aviation fuel). They described the April 20 shutdown as a final plea for government intervention to prevail on marketers and stabilise pricing. At least one airline has already been forced to suspend all operations…

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