Following the increased price of Jet A1 (aviation fuel) to N420 per litre in Lagos and N450 per litre at other airports outside Lagos and Abuja, domestic airlines have increased base fare to over N50, 000 per flight.
This development followed the increment in the price of aviation fuel to N420 per litre yesterday, as against the N400 per litre it sold on Thursday, without prior notice to the airlines.
Right now, it is even predicted that the price could rise to N500 per litre in few days.
Insiders say aviation fuel is scarce in the country which has occasioned the price hike.
