The National Assembly’s intervention on the cost of aviation fuel has calmed storms in the air transport sector. “By that standard, the meeting and lawmakers’ intervention are uncalled-for,” fuel marketers had said. Okonkwo said it was difficult to find any aviation sector that survives on such instability and a reason all operators are worried. “In comparative terms, the aviation industry is already benefiting from government’s intervention when local prices are compared to West African regional prices, despite the deregulated status of aviation fuel. Aviation fuel has been an issue for upwards of 20 years in Nigeria without serious attention.

Source: The Guardian May 13, 2022 04:32 UTC