Airlines operating across Nigerian airports received 749 million litres of jet fuel. The figure comes from downstream petroleum regulators. The supply sustained domestic flight operations. It comes amid global supply shifts in the aviation fuel market.
Jet fuel is the largest cost driver for Nigerian airlines. It accounts for up to 40% of operating expenses. The naira’s depreciation increased costs. Global crude prices above $100 per barrel added pressure. In 2023, airlines warned of insolvency over fuel costs. In 2024, some carriers reduced flights. The sector remains fragile. Fuel supply stability is critical.
The 749 million litres were distributed across Nigerian airports. The figure covers a defined period. Regulators did not provide a month-by-month breakdown. The supply kept domestic flights operating. That prevented cancellations and route cuts.
The global context matters. Refining margins have shifted. Some suppliers redirected cargoes to higher-value markets. Nigeria competed for supply. The Dangote refinery produces jet fuel domestically. That has reduced import dependence. Local supply improved availability. It also reduced foreign exchange exposure.
The airline sector remains under pressure. Taxes, landing fees and maintenance costs are high. Fares have risen. Passenger numbers have not recovered fully. Airlines are cautious about expansion. Fuel supply stability supports operations. It does not solve profitability.
Winners: Airlines, which gain fuel. Passengers, who gain flight availability. Dangote Refinery, which supplies locally. Fuel marketers, who gain volume. Losers: Importers, who lose market share. Airlines that cannot afford fuel, which cut routes. Passengers on high-cost routes. Taxpayers, if subsidies are involved.
Bottom Line: Airlines received 749 million litres. Flights continued. Dangote supplies locally. The sector remains fragile. Fuel is the biggest cost. Stability helps. Profitability remains elusive.