What specific price cap has Nigeria imposed on jet fuel, and where do these caps apply?

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) set a jet fuel price cap of 1,760–1,988 naira ($1.29–$1.46) per litre in Lagos and 1,809–2,037 naira per litre in Abuja, based on benchmarks from April 17 to April 23.

What emergency measures did the Nigerian government adopt alongside the jet fuel price cap to prevent airline disruptions?

Alongside the price cap, the government allowed airlines a 30-day credit window to pay for fuel, granted 30% debt relief on airlines’ obligations to aviation agencies, tasked the aviation ministry with mediating debt disputes between airlines and oil marketers, and directed fuel marketers to sell directly to airlines within the capped price range to improve supply-chain transparency.

Nigeria caps jet fuel prices to avert airline disruptions

Apr 28, 2026

Nigeria capped jet fuel prices at $1.29–$1.46 per litre and granted credit terms to airlines to prevent shutdown amid a 270% price surge. Regulators are engaging refiners like Dangote to stabilize supply chains amidst market volatility.

reuters

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Nigeria caps jet fuel prices to avert airline disruptions