Aviation fuel marketers in the country have given insight into why they give priority to foreign airlines as against local airlines, saying since the foreign airlines pay for Jet A1 in dollars, most marketers quickly sell to them to get dollars to import more.” According to the marketers, airlines get aviation fuel commonly known as Jet A1 according to the existing business relationship. Meanwhile, Vanguard’s checks revealed that aviation fuel sells at the same International price of 1.026 dollars per litre in Nigeria’s neighbouring countries such as Ghana, Guinea, Cote D’ivoire, Liberia, Libya and Togo. The difference in local prices of the product in each of these countries is determined by the exchange rate of each country’s currency to the dollar. With the current exchange rate of the naira at more than N500 to the dollar in the parallel market, it is not surprising that Jet A1 sells more […]