Airfare rose from N36,922.97 in September 2021 to N72,690.54 in September 2022, a report by the Nigerian Bureau of Statistics (NBS) says.
According to the report released on Monday, this is a 96.87 per cent increase.
The report further stated that airfare climbed by 11.76 per cent, from N65,041.89 in August 2022 to N72,690.54 in September 2022.
“In air travels fare, the average fare paid by air passengers for specified routes single journey increased by 11.76 per cent on a month-on-month from N65,041.89 in August 2022 to N72,690.54 in September 2022. On a year-on-year, the fare rose by 96.87 per cent from N36,922.97 in September 2021,” NBS stated.
The development is not unrelated to the hike in the price of aviation fuel. Aircraft operators had threatened to shut down operations in May due to the sudden increase in the price of aviation fuel from N160 to N900 per litre.
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