The price of aviation fuel has risen from N500 per litre to N680 per litre, causing ripples in the aviation industry.
Owing to this, airline operators have expressed fear that their operations would be squeezed due to high cost of the product, which is now over 60 per cent of their cost of operation.
The marketers published the new prices as follows: Lagos, N600 per litre, Abuja, N650 per litre and Kano N680 per litre.
But the Airline Operators of Nigeria (AON) which is billed to meet today, hinted that airlines might not pass the high cost of aviation fuel to their customers, but could decide to take the matter to government.
Despite the resolution reached by industry stakeholders in March, that the price of fuel be pegged at N500, pending the determination of a substantive uniform price, the fuel marketers decided to increase the price to N680.
The official said that willy-nilly some airlines might not be able to meet up with the price increase because many of them are still recovering from the very low passenger traffic in the first quarter of 2022.
He added that the services of many of the domestic carriers would be impacted negatively and many airlines might have no choice than to shut down as they threatened to do in March because they would not be able to cope with the high cost of operations.
