OrderPaperToday – It was a rowdy session on Monday, at an emergency meeting between Aviation Oil marketers, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), as well as the Nigerian National Petroleum Company (NNPC) Limited.
The meeting was at the instance of the House of Representatives as a way to resolve the issues surrounding the hike and attendant scarcity of aviation fuel (Jet-A1).
The House had last week adjourned the meeting to enable it find a lasting solution to the issues surrounding the hike.
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Drama started when the Deputy Speaker, Idris Ahmed Wase insisted on knowing the landing cost for Aviation Turbine Kerosene (ATK), which the marketers could not respond to.
Representatives of the Aviation Oil marketers kept going around without giving any specific response to the question raised by the Deputy Speaker and other members.
The development led the Vice Chairman of the Airline Operators of Nigeria, Allen Onyeama, to warn that a complete shutdown of the sector was imminent if nothing is done to salvage the situation within three days.
According to him, Nigerians could pay as much as one hundred and twenty thousand naira (N120,000) on airfares. This, he expressed worry may be difficult for ordinary Nigerians to afford.
The stakeholders later resolved to sell the product at N500 per litre which implies that the unit cost of an individual’s air ticket will be sold at N85,000 instead of the proposed N120,000 as earlier mentioned by the airline operators.
The price is, however, said to be temporal as they all promised to meet and come up with a pricing template that will be acceptable to all over the next three days.
OrderPaper‘s Correspondent also reports that the Chairman, House Committee on Aviation, Nnaji Nnoli, as well as the Group Managing Director of NNPC Ltd., Mele Kyari were present at the meeting.