Tag: Aviation fuel

High Cost of Aviation Fuel: Air Peace, Max Air, other flight companies suggest palm oil as alternative

Aminu Imam

Airline operators in Nigeria have called for the Nigerian government to explore palm oil as an alternative source of aviation fuel. This alternative source for aviation fuel is called JetAI, and according to them, Nigeria is mature enough to look into this new fuel source for the industry, especially considering the high cost of imports. The airline operators made this known to the Federal government during a meeting held in Abuja on October 18, on developing and using sustainable aviation fuel, low carbon available fuel and other transparent fuel sources…

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Aviation fuel rises to N900 per litre as Lagos-Abuja ticket sells above N100, 000

Aminu Imam

The price of aviation fuel has risen from N800 per litre some weeks ago to N900 per litre in some States, forcing airlines to raise fares to as high as N100, 000 and more for one-way economy-class tickets. The aviation fuel crisis, which began in late February this year, and deteriorated further through the months of March to May, has further worsened and is currently threatening the ability of airlines to continue operations with the price of Jet-A1, rising from N200 in December 2021 to over N400 per litre in…

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