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Kerosene price rises: Nigerian airlines announce a suspension of their activities as of Monday

09/05/2022
Categories: Raw materials

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In Nigeria, several airlines announce a suspension of their activities as of Monday, May 9, 2022. The sector is going through a difficult time because of the high prices of kerosene.

 

Airies follow the injunction of the Air Operators Association (AON), to suspend flights, due to the 100% increase in kerosene prices over the last 12 months. The price of aviation fuel (JetA1) has risen from N190 per litre to N700 currently.

In Nigeria, it can cost up to 120,000 naira (290 USD) for a one-hour domestic flight. The AON has chosen to put pressure on the authorities, rather than pass on the increase in its fuel costs to ticket prices.

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