Petrol imports rise in July as domestic refinery supply drops 21%
Nigeria’s petrol imports increased in July as domestic refinery supply fell by 21%, highlighting ongoing challenges despite expanding local refining capaci Read More: https://punchng.com/petrol-imports-rise-in-july-as-domestic-refinery-supply-drops-21/
In July 2026, Nigeria's petrol imports increased by nine percent, while domestic refinery supply dropped by 21 percent, according to official statistics. The decline in domestic petrol supply from 32.5 million litres per day to 25.8 million litres per day, coupled with a rise in petrol imports from 18.1 million litres to 19.7 million litres, resulted in total Premium Motor Spirit (PMS) receipts falling by 10 percent.
Meanwhile, diesel receipts in July rose by 46 percent, with imports returning to the Nigerian market for the first time since June. Despite the decline in domestic refining capacity, improved diesel stock sufficiency and a 22 percent increase in Liquefied Petroleum Gas (LPG) production suggest that Nigeria's petroleum supply structure is gradually shifting towards greater domestic involvement.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
