Local airlines debunk access to subsidised fuel, as Jet A1 sells at N800/litre

Local airlines have denied being beneficiaries of Federal Government-subsidised aviation fuel regime, saying operators still buy at the open market price average of N800/litre.

In reaction to claims that special intervention has brought aviation fuel to N600/litre, the airlines said they had steadily weathered the storm without government’s much-vaunted support coming their way.

Recall that the House of Representatives, Ministry of Aviation, Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL), among others, lately worked out a plan to support local operators with subsidised aviation fuel, to assuage the high operating cost and threats of a shut down by the local airlines.

But the operators, yesterday, said nothing has changed as airlines continue to battle the high cost of aviation fuel, foreign exchange liquidity crisis and high cost of operations.