‘Why airlines may not get cheaper jet fuel despite local production’

By Dickson Omobola
Aviation fuel marketer, CITA Energies, has said jet fuel marketers may not be able to significantly reduce the price of Jet A1 supplied to the country’s airlines due to the single-source supply arrangement, pricing disparities and rising operational costs.

This comes amid recent complaints by the country’s airlines over the high cost of aviation fuel, which accounts for at least 40 per cent of their operational expenses.

The company said the reliance on a single supplier had limited competition among marketers, leaving little room for notable price differences despite efforts to offer airlines cheaper fuel.

CITA Energies’ representatives spoke to newsmen o...