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NEWS & ECONOMY

Air travellers in Nigeria may soon face higher ticket prices as the cost of Jet A1 aviation fuel has surged by 53.1 per cent, following escalating tensions in the Middle East involving the United States, Israel and Iran.

The geopolitical crisis has pushed global crude oil prices beyond $100 per barrel, triggering a sharp increase in the cost of aviation fuel across Nigerian airports. Industry sources told LEADERSHIP that the price of Jet A1 has risen from between ₦940 and ₦980 per litre to about ₦1,500 and
NEWS & ECONOMY

The Dangote Petroleum Refinery has again increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre, marking another upward adjustment in fuel pricing.

The latest review represents the third increase in petrol prices within seven days.The new price was communicated to petroleum marketers and depot operators on Monday, rising sharply from ₦995 per litre, which had been announced last Friday. The ₦180 increase per litre represents an 18.1 per cent rise within three days, heightening concerns among marketers […]