Aviation Fuel: Airfare Hikes Loom As Marketers Predict N700/Litre

Barely 24 hours after the price of aviation fuel rose by 35 per cent from N430/litre to N580/litre, oil marketers on Wednesday predicted that the price of the product might hit N700/litre by next week if the global crude oil price continued to fluctuate.

The National Operations Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, who dropped the hint in an exclusive interview, said the Russia-Ukraine war and other related factors might fuel further increases in the prices of aviation fuel and other petroleum products.

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