Airlines Win Deal to Buy Fuel at Fixed Rate From Nigeria State
- NNPC to supply companies for three months amid cost complaints
- Fuel marketers dispute airline claims about price hikes
The Nigerian National Petroleum Corp. headquarters in Abuja, Nigeria.
Photographer: George Osodi/Bloomberg
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Nigeria’s state energy company will sell aviation fuel to domestic airlines at a fixed price for three months after some companies threatened to ground their fleets.
The Nigerian National Petroleum Co. agreed to supply the product to marketing firms nominated by the airlines at 480 naira ($1.15) a liter until August, Femi Gbajabiamila, speaker of the House of Representatives, told reporters on Monday, after a meeting in the National Assembly with the NNPC, central bank and aviation industry representatives.