OrderPaperToday- The House of Representatives has ordered an immediate probe into the sudden scarcity and high cost of aviation fuel (Jet A-1).
The lawmakers urged the leadership of the House to urgently intervene so as to resolve these challenges within 24 hours.
It also suggested that in the interim, the government should ensure oil marketers make Jet A-1 (Aviation fuel) immediately available to airlines and discontinue the policy of upfront cash payment by airlines.
The above decision followed a Motion of Urgent National Importance sponsored by Nnolim Nnajl John (Nkanu East/West Federal Constituency of Enugu).
The motion was titled ‘Urgent Need To Investigate The Sudden Scarcity And High Cost Of Aviation Fuel Which Has Created An Existential Threat To Airline Operations And Requires Immediate Intervention By The Federal Government.’
The House notes that the current crisis in Eastern Europe has created so much global tension and has raised the cost of crude oil to over $125 per barrel in the international market, spiking the prices of all petroleum products.
It also notes that Nigeria imports 100% of Jet A-1 (Aviation fuel) used by airlines in its flight operations and its astronomical increase can impede on airline services.
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The legislators also acknowledged that the unprecedented increase in the prices of all petroleum products was not taken into consideration, in view of the fact that about a year ago, Jet A-1 was selling for N 190 per litre;
“The House acknowledges that as at yesterday, 08 March 2022, Jet A-1 was selling for above N6Q0 per litre and it is not readily available;
“Concerned that the local oil marketers are demanding upfront cash payment before fuelling aircraft; the House observes that if urgent and immediate steps are not taken to ameliorate these challenges mentioned above, airlines and passengers will continue to suffer several consequential economic and travel crises that might lead to a total shutdown of air transport services.”
The motion was passed when the presiding officer put up the question for vote.
It was thereafter referred to the House Committee on Aviation for investigation and report back in two weeks.