Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

NCDMB Hosts 5th Edition of Book Reading Programme, Tasks Nigerians on Culture of Learning

September 17, 2026

FG suspends take-off of King’s College concession for two weeks

September 17, 2026

‘Inaccurate’, Air Peace Tackles NCAA Over Flight Delay Report

September 17, 2026
Facebook X (Twitter) Instagram
Trending
  • NCDMB Hosts 5th Edition of Book Reading Programme, Tasks Nigerians on Culture of Learning
  • FG suspends take-off of King’s College concession for two weeks
  • ‘Inaccurate’, Air Peace Tackles NCAA Over Flight Delay Report
  • World’s water cycle becoming more unpredictable, UN warns
  • Todd Boehly steps down as Chelsea chairman after selling ownership stake
  • NLC demands emergency palliatives, wage awards as petrol Price Surges
  • NAF receives five New Helicopters to boost Air Operations against terrorists, bandits
  • FG Distributes Over 200,000 Maternal Kits, Targets 2.9m Pregnant Women, Families By 2028
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Business»Domestic Airline Operators Threaten Shutdown Over Surge In Jet Fuel Price


Business

Domestic Airline Operators Threaten Shutdown Over Surge In Jet Fuel Price



VardiafricaBy VardiafricaApril 16, 2026Updated:April 16, 2026No Comments5 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Airline Operators of Nigeria (AON) has warned that airlines across the country may suspend operations from April 20, 2026, over what it describes as an “astronomical and unsustainable” rise in the price of Jet A1 fuel.

In a letter dated April 14, 2026, and addressed to the Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Mr Clement Isong, AON said the cost of aviation fuel has surged from ₦900 per litre as of February 28 to ₦3,300 per litre — an increase of over 300 per cent within weeks.

According to the body, the spike is “artificial” and far exceeds global trends, noting that international crude oil prices have risen by only about 30 per cent within the same period.

‘Detrimental to national wellbeing’

The operators said airlines have continued to absorb the rising costs for over four weeks out of “patriotism and in the spirit of service to the nation,” but they warned that the burden is no longer manageable.

“Airline revenues are insufficient to cover the cost of fuel alone,” the letter stated, adding that the situation has deteriorated to the point where continued operations are no longer viable.

The group warned that the actions of fuel marketers are “decimating the aviation industry” and pose broader risks to Nigeria’s economy, safety, and national security.

The AON revealed that the impact of the price surge is already being felt across the sector, disclosing that one airline has grounded all operations since March 13, 2026, due to the rising cost of fuel.

It warned that more carriers could follow if urgent action is not taken.

“Aviation remains a sector of strategic national importance,” the letter stressed, cautioning that the current pricing regime is “unhealthy and detrimental to national wellbeing.”

Final Notice to Marketers

The airline operators outlined the difficult choices facing the industry: raising ticket prices to reflect fuel costs could lead to low passenger turnout, while suspending operations entirely would have far-reaching consequences.

They warned that a shutdown would impact financial institutions, disrupt millions of livelihoods, and potentially worsen insecurity across the country.

The AON called on MEMAN to intervene and ensure that jet fuel prices are adjusted in line with international market realities, insisting that airlines can no longer sustain purchases at current rates.

“Accordingly, we hereby give notice that if this trend persists, all airlines in Nigeria will be compelled to suspend operations effective Monday, April 20, 2026. This serves as our final appeal,” the letter stated.

Top government officials, including President Bola Ahmed Tinubu, Vice President Kashim Shettima, the Minister of Aviation, the Nigerian Civil Aviation Authority, and the Department of State Services, were copied in the letter.

The development raises fresh concerns about the stability of Nigeria’s aviation sector, as stakeholders await the responses of fuel marketers and government authorities in the coming days

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

‘Inaccurate’, Air Peace Tackles NCAA Over Flight Delay Report

September 17, 2026

NCAA Fines RwandAir N15m Over Unresolved Baggage Complaints

September 14, 2026

CBN Announces Stricter Oversight of Financial Institutions Over Terrorism Financing

September 9, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025576

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202498

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202454

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202552
Don't Miss
Oil & Gas
Oil & Gas By VardiafricaSeptember 17, 20264 Mins Read2

NCDMB Hosts 5th Edition of Book Reading Programme, Tasks Nigerians on Culture of Learning

By VardiafricaSeptember 17, 20262 Oil & Gas Updated:September 17, 202604 Mins Read

It was a celebration of literary culture and journalistic excellence at the Conference Centre of…

FG suspends take-off of King’s College concession for two weeks

September 17, 2026

‘Inaccurate’, Air Peace Tackles NCAA Over Flight Delay Report

September 17, 2026

World’s water cycle becoming more unpredictable, UN warns

September 17, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

NCDMB Hosts 5th Edition of Book Reading Programme, Tasks Nigerians on Culture of Learning

September 17, 2026

FG suspends take-off of King’s College concession for two weeks

September 17, 2026

‘Inaccurate’, Air Peace Tackles NCAA Over Flight Delay Report

September 17, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025576

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202498

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202454

Type above and press Enter to search. Press Esc to cancel.