Jet-A1: Expert Attributes Price Increase To Importation

The General Manager, Total Energies Nigeria, Mr Rabiu Abdulmutalib, has attributed increase in the price of Jet-A1 to continuous importation of the product.
Abdulmutalib made this known in a statement issued in Lagos yesterday.
The Tide source reports that Jet-A1 is an aviation turbine fuel designed for use in aircraft powered by gas-turbine engines.
The most commonly used fuels for commercial aviation are Jet-A and Jet-A1, which are produced to an international specification.
The general manager noted that a litre of aviation fuel in the domestic scene was sold as high as N305 and N315 per litre, depending on the airport an airline was buying from.
Abdulmutalib added that the inability of airline operators to have easy access to foreign exchange and airport taxes of the product, among others had also led to its skyrocketing price in the country.
“The inability of local refineries to refine the product, high investment in logistics and high cost of aviation fuel handling equipment like refuellers.
“Others are the hydrant dispenser/servicers and filtration systems are also contributed to the sordid situation in the local market.
“To address the current situation, I want to canvass for proper coordination among relevant government agencies in monitoring and enforcement of all standards along the supply chain.
“Some of the agencies include the Department of Petroleum Resources, the Federal Airports Authority of Nigeria (FAAN) and Nigerian Civil Aviation Authority (NCAA).