Reported by: Ijeoma G | Edited by: Oravbiere Osayomore Promise.
Air travellers in Nigeria are expected to face a substantial increase in flight ticket prices following a sharp rise in aviation fuel costs to around ₦1,600 per litre. The increase in fuel prices, a major component of airline operating expenses, is anticipated to push domestic airfares up by about 25 percent.
Industry sources indicate that aviation fuel, which typically accounts for about 30 to 35 percent of airline operating costs, has risen from roughly ₦940–₦980 per litre earlier this year to the current range of ₦1,500–₦1,600 per litre at major airports, including Lagos and Abuja. Prices in other locations, such as Calabar, Port Harcourt, and Kano, are reportedly even higher.
Experts say the hike is influenced by global crude oil price increases and geopolitical tensions that have affected international oil markets. Rising fuel costs are exerting pressure on airlines, forcing them to reassess ticket pricing to maintain financial viability.
If the current fuel price levels persist, airlines are likely to increase ticket prices across domestic routes. For example, a flight that currently costs around ₦150,000 for a one-way ticket could rise to between ₦185,000 and ₦200,000, depending on the airline and route.
Frequent changes in aviation fuel prices, coupled with foreign exchange volatility, create uncertainty for airlines and make it challenging to stabilise ticket pricing. Analysts note that fuel could soon account for 40 to 45 percent of total airline operating expenses if the upward trend continues, further affecting fares.
Carriers may respond differently, with some implementing gradual fare adjustments based on demand, competition, and fuel purchase strategies. Airlines that buy fuel in bulk or have hedging arrangements may be better able to manage costs compared to those relying on spot market purchases.
The increase in fares comes at a time when Nigeria’s aviation sector is already facing multiple challenges, including rising operational costs, maintenance pressures, and fluctuating passenger demand. These factors have previously contributed to fare hikes and operational adjustments.
Passengers can expect higher travel costs, particularly affecting business travellers and frequent flyers. The rise in airfare may impact internal mobility and economic activity, as air travel plays a key role in connecting cities and facilitating commerce, tourism, and social interaction across Nigeria.
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