‘Aviation gasoline steady however nonetheless costly’

The Chief Working Officer of United Nigeria Airways, Osita Okonkwo, has said that whereas aviation gasoline stays steady and available, it’s nonetheless costly.

He attributed the soundness to elevated provide from the Dangote refinery however emphasised the necessity for decrease costs, hoping that enhancements within the alternate price would assist cut back prices for airways.

Regardless of the soundness, he expressed hope for decrease costs, particularly with potential enhancements within the alternate price.

He mentioned, “We would like the worth to return down; hopefully with the alternate price enhancing, it would come down. We at all times need decrease costs. Once we began, it was 250, 300, in comparison with 1000, which remains to be excessive, however a very powerful factor is that it’s out there and the worth is steady, however we’re asking for decrease costs.

“Most fuellers are shopping for from Dangote now; I do know their main distributor, MRS, buys completely from them, so I feel NNPC additionally buys. Most individuals are shopping for from Dangote, however I don’t know the way the others are supplying.”

Talking on gasoline pricing, he famous that whereas there was a slight lower, costs have remained regular, and there was no shortage since Dangote started supplying. He highlighted the worth variations throughout totally different places, stating, “One factor about pricing is that it has remained steady; it got here down barely, but it surely has remained steady, and the gasoline is on the market, so there’s no shortage we’ve not seen since Dangote got here on board.

“The worth is between 1050 and 11200 in Lagos, after which it varies in different places, yeah, it depends upon who’s supplying, yeah.”