• Home
  • About Us
  • Contact Us
  • Privacy Policy
Saturday, April 18, 2026
Trackupnews
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report
No Result
View All Result
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report
No Result
View All Result
Trackupnews
No Result
View All Result
Home Economy

AON Writes MEMAN, Cites 300% Jet Fuel Price Hike, Warns of Shutdown

TrackUpNews by TrackUpNews
April 16, 2026
in Economy
Reading Time: 2 mins read
0
AON Writes MEMAN, Cites 300% Jet Fuel Price Hike, Warns of Shutdown
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

16, April 2026

The Airline Operators of Nigeria (AON) warns airlines may suspend operations from April 20, 2026, due to the “astronomical and unsustainable” rise in Jet A1 fuel prices.

RelatedPosts

Nigeria’s Inflation Edges Up to 15.38% in March 2026.

Petrol Supply Rises to 40.1ml/d in March, Import Reliance Grows

NERC Moves to Slash Electricity Transmission Losses

In a letter dated April 14, 2026, the Airline Operators of Nigeria (AON) wrote to the Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Mr. Clement Isong, highlighting the alarming rise in Jet A1 fuel prices. According to AON, the cost of aviation fuel has skyrocketed from ₦900 per litre as of February 28, 2026, to ₦3,300 per litre, marking a staggering increase of over 300% within a matter of weeks.

This drastic surge he said has put the aviation industry on the brink of collapse, prompting AON to sound the alarm and warn of a possible shutdown of airline operations.

According to the body, the spike is “artificial” and far exceeds global trends, noting that international crude oil prices have risen by only about 30 per cent within the same period.

‘Detrimental to national wellbeing’

The operators said airlines have continued to absorb the rising costs for over four weeks out of “patriotism and in the spirit of service to the nation,” but they warned that the burden is no longer manageable.

“Airline revenues are insufficient to cover the cost of fuel alone,” the letter stated, adding that the situation has deteriorated to the point where continued operations are no longer viable.

The group warned that the actions of fuel marketers are “decimating the aviation industry” and pose broader risks to Nigeria’s economy, safety, and national security.

The AON revealed that the impact of the price surge is already being felt across the sector, disclosing that one airline has grounded all operations since March 13, 2026, due to the rising cost of fuel.

It warned that more carriers could follow if urgent action is not taken.

“Aviation remains a sector of strategic national importance,” the letter stressed, cautioning that the current pricing regime is “unhealthy and detrimental to national wellbeing.”

Final Notice to Marketers

The airline operators outlined the difficult choices facing the industry: raising ticket prices to reflect fuel costs could lead to low passenger turnout, while suspending operations entirely would have far-reaching consequences.

They warned that a shutdown would impact financial institutions, disrupt millions of livelihoods, and potentially worsen insecurity across the country.

The AON called on MEMAN to intervene and ensure that jet fuel prices are adjusted in line with international market realities, insisting that airlines can no longer sustain purchases at current rates.

“Accordingly, we hereby give notice that if this trend persists, all airlines in Nigeria will be compelled to suspend operations effective Monday, April 20, 2026. This serves as our final appeal,” the letter stated.

Top government officials, including President Bola Ahmed Tinubu, Vice President Kashim Shettima, the Minister of Aviation, the Nigerian Civil Aviation Authority, and the Department of State Services, were copied in the letter.

The ball is now in the court of fuel marketers and government authorities. We await how they respond to this crisis.
The aviation sector’s stability is at stake, and passengers are watching

Tags: "AON MEMANAviationJet Fuel Price Hike
Previous Post

Stadium Project: Oborevwori Demands Quality, Timely Delivery

Next Post

Nigerian bid farewell to falling Soldiers

TrackUpNews

TrackUpNews

Track Up News is an online news publishing site aimed at disseminating newsworthy information to the public with high sense of objectivity.

Related Posts

Nigeria’s Inflation Edges Up to 15.38% in March 2026.
Economy

Nigeria’s Inflation Edges Up to 15.38% in March 2026.

April 16, 2026
Petrol Supply Rises to 40.1ml/d in March, Import Reliance Grows
Economy

Petrol Supply Rises to 40.1ml/d in March, Import Reliance Grows

April 16, 2026
NERC Moves to Slash Electricity Transmission Losses
Economy

NERC Moves to Slash Electricity Transmission Losses

April 13, 2026
Ministerial list: Ex-govs, technocrats lead Tinubu’s cabinet
Economy

Fuel Price Hike ‘Biting Hard’, But Nigeria is Better Off – Tinubu

April 11, 2026
Tinubu Commissions three Key Projects in Bayelsa
Economy

Tinubu Commissions three Key Projects in Bayelsa

April 11, 2026
Oborevwori Tells Christians to Embrace Love, Unity at Easter
Economy

Governor Oborevwori Unveils Delta’s Blue Economy Potential.

April 10, 2026
Next Post
Nigerian bid farewell to falling Soldiers

Nigerian bid farewell to falling Soldiers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Post

JAMB Releases First Batch of 2026 UTME Results

JAMB Releases First Batch of 2026 UTME Results

April 18, 2026
“Rhetoric is not enough”: Dafinone pushes for real solutions

“Rhetoric is not enough”: Dafinone pushes for real solutions

April 17, 2026
Andaye Reiterates Delta Ijaw Support for Oborevwori, Tinubu re-election

Andaye Reiterates Delta Ijaw Support for Oborevwori, Tinubu re-election

April 17, 2026
What Happened to the 6-Month-Old Baby Next Door?

What Happened to the 6-Month-Old Baby Next Door?

April 16, 2026
2 Delta Police Officers Face Disciplinary Action Over Bribery Video

2 Delta Police Officers Face Disciplinary Action Over Bribery Video

April 16, 2026

Popular Post

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Facebook Twitter

About Us

Track Up News is an online news publishing site aimed at disseminating newsworthy information to the public with high sense of objectivity.

Categories

  • Crime (79)
  • Economy (81)
  • Education (35)
  • Entertainment (22)
  • Environment (9)
  • Health (24)
  • Inside Niger Delta (6)
  • Kid's Corner (1)
  • News (400)
  • Politics (165)
  • Relationship (2)
  • Track Up SoundBites (48)

© 2022 TrackUpNews

No Result
View All Result
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report

© 2022 TrackUpNews