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MAJOR OIL MARKETERS AFFIRM AVIATION FUEL NOT SOLD AT ₦700 PER LITRE

The Major Oil Marketers Association of Nigeria (MOMAN) has debunked claims that Aviation Turbine Kerosene (ATK), also known as Aviation Fuel, was being sold at ₦700 per litre in some parts of the Country.

Executive Secretary of MOMAN, Mr Clement Isong made this known in an interview with newsmen on Monday, in Lagos.

Airline Operators of Nigeria (AON) had threatened to go on strike on May 9, claiming that the cost of Aviation Fuel had risen to about  ₦700 per litre from  ₦190 per litre.

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The planned strike was however called off after appeals by the Federal Government and other stakeholders in the Aviation Sector.

Mr. Isong said he was not aware that Aviation fuel is sold currently anywhere at  ₦700 per litre.

He said with intervention by the Nigerian National Petroleum Company Ltd., which is now bringing in ATK, the cost of Aviation Fuel altogether is about N500 per litre, with a Murtala Mohammed Airport local benchmark going for between  ₦540 and  ₦550 per litre as sold by marketers.

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