Nigeria jet fuel jumps to $1800/tonne as Middle East tensions spike
Jet A1 fuel prices in Nigeria have surged to over $1,800 per metric tonne, more than 2.5 times the $600–$700 range seen before the recent US‑Iran‑Israel conflict, according to Ardova Plc’s Toyin Leo‑Olagbaiye. Although Nigeria can rely on the Dangote refinery for supply security, global market pressures still push prices up because any disruption in international supply draws buyers to local product, bidding it up. The fuel must meet strict global standards – UK MOD DEF‑STAN 91‑091, JIG, IATA and local NMDPRA/NCAA rules – ensuring consistency wherever an aircraft refuels.
For travellers and businesses, higher jet fuel costs mean airlines face higher operating expenses, which often translate into higher ticket prices or reduced flight frequencies. This affects business travel, tourism and the cost of moving goods by air.
What should you know? Keep an eye on airline fare announcements, consider booking flights earlier to lock in lower fares, and explore alternatives like road or rail for domestic trips where feasible. Remember that even with local production, Nigeria’s jet fuel prices remain tied to global events, so monitoring geopolitical news can help anticipate cost changes.