Airline operators in Nigeria have expressed concerned over the rising price of aviation fuel also known as Jet A1 as it reaches N315 per litre at some airports.
According to the airline operators,the increase in the jet A1 could trigger a further rise in air fares. Presently, a one hour ticket sells for between N45, 000 and N60, 000 especially on less busy routes.
From 2016, Jet A1 price rose by almost 200%, from N160 to N305 early this year and N315 as of the weekend.
It was gathered that the fall in the naira value to a dollar or other key foreign exchange (forex) is partly responsible for the rise in the aviation fuel price, which is imported.
An aviation operator, Alex Nwuba said Jet A1 price may hit N400 if the indices remain unchanged and Nigeria continues to import refined fuel.
During the recent LAAC conference in Lagos, General Manager, Total Energies, Engr. Rabiu Abdulmutalib, blamed the rising aviation fuel price on inability of airline operators to have easy access to forex, airport taxes, among others.
Abdulmutalib therefore canvassed for proper coordination among relevant government agencies in monitoring and enforcement of all standards along the supply chain.