Oil Marketers Predicts Rise in Price of Aviation Fuel

Oil marketers have predicted that the price of aviation fuel might hit N700/liter by next week if the global crude oil price continued to fluctuate.

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

Thai comes barely 24 hours after the price of aviation fuel rose by 35 per cent from N430/liter to N580/liter.