By Gloria Akudoro
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has assured Nigerians that there is a robust supply of Aviation Fuel in the Country with the inland stock sufficiency of 12 days, and the Refinery stock Sufficiency of 62 days.
NMDPRA gave the assurance while debunking the news making arounds on social media on challenges of supply and pricing of Aviation Fuel in the country.
According to a statement issued on Friday by the agency’s Director of Public Affairs Department, George Ene-Ita, Aviation Fuel, like other petroleum products is fully deregulated and its price fluctuates based on market demand and supply.
The statement read, “The attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been drawn to news reports circulating in the media on challenges of supply and pricing of Aviation Fuel.
“The NMDPRA wishes to assure the public that there is robust supply of Aviation Fuel in the Country with the inland stock sufficiency of 12 days, and the Refinery stock Sufficiency of 62 days. Making a total of 74 days of national sufficiency.
“It is imperative to note that like other petroleum products, Aviation Fuel has been fully deregulated, and the price is driven by market dynamics. The prevailing Ex-Gantry price of Aviation Fuel at Dangote Petroleum Refinery and Petrochemical Company (DPRP) is N1,879 per litre, which is slightly lower than the international indicative supply cost of N1,900 per litre in Lagos as of the 16th of April 2026.
“Meanwhile, the nationwide retail prices surveyed by the NMDPRA as of 17th April 2026 range between N1,960 per litre to N2,800 per litre. Therefore, the speculated N3,300 per litre price of Aviation Fuel being peddled in the media does not reflect current market reality.”
The NMDPRA promised to continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply of petroleum products and profiteering across the country, in line with its mandate.
While appreciating the continued efforts of all stakeholders in the Aviation Fuel supply chain in ensuring adequate supply and distribution of the product, the agency reassured the public of its continued commitment to guarantee energy security in the country.
