Stakeholders in the aviation industry have reached an agreement to sell aviation jet A1 fuel at N500 within the next three days to prevent a shutdown of airline operations across the country.

This was disclosed by the Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, after a meeting with marketers, regulators and operators in the sector.

The meeting was part of the continuation of the investigation into the scarcity and high cost of aviation fuel in the country, which led to an increase in airfares.

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It was presided over by the Deputy Speaker of the House of Representatives, Hon. Ahmed Wase.

Kyari stated that a better pricing mechanism would be put in place in three days, in hopes to arrive at an acceptable price.

The NNPC GMD said that airline operators will also be granted a license to import aviation fuel.

Details later…