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Nigerian carriers expected to raise fares on increasing fuel prices

16-Feb-2011 12:01 PM

Nigerian carriers are expected to increase fares to absorb the third increase of Jet A1 fuel in six months (All Africa, 15-Feb-2011). From the beginning of 2011, oil marketers were selling a litre of aviation fuel for NGN107. Two weeks ago the price increased to NGN120 in Lagos and is now NGN129/l in Lagos, NGN133/l in Abuja and NGN138/l in Kano. The Airline Operators of Nigeria (AON) recently condemned the arbitrary price increase of fuel by marketers.