Nigeria’s petrol consumption drops 25% in July — NMDPRA
Nigeria recorded a sharp drop in domestic petrol supply and consumption in July 2026, even as inventory levels improved across major petroleum products. The post Nigeria’s petrol consumption drops 25% in July — NMDPRA appeared first on Nairametrics .
In July 2026, Nigeria experienced a significant decline in domestic petrol consumption and supply, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The daily supply of Premium Motor Spirit (PMS) dropped by 21% to 25.8 million litres per day, while consumption plummeted by 25% to 35.7 million litres per day.
Despite these reductions, petrol stock sufficiency improved, increasing from 19.7 days to 22.4 days, which suggests a stronger buffer against potential market disruptions. Total daily PMS receipts decreased by 10%, from 50.6 million lpd in June to 45.5 million lpd in July. Aviation Turbine Kerosene (ATK) saw an even steeper 41% drop in demand, falling from 2.9 million lpd to 1.7 million lpd.
The refinery sector, represented by the Dangote Refinery, produced 15.6 million litres of ATK, with domestic receipts at 1.9 million lpd and exports at 11.6 million lpd, leaving a closing stock of 217.4 million litres. Other petroleum products also faced a decline, with Aviation Turbine Kerosene receipts dropping 24% from 2.5 million lpd to 1.9 million lpd, and domestic gas supply decreasing by 8% from 5.116 billion cubic feet per day to 4.723 bcfpd.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Best performing Equity mutual funds in Nigeria as of July 2026 nairametrics.com
- China’s quant hedge funds rebound after July rout hedgeweek.com
