Petrol imports rise as domestic refinery supplies fall
Nigeria’s petrol imports increased in July 2026 as domestic refinery supplies dropped, highlighting ongoing challenges despite expanding local refining cap Read More: https://punchng.com/petrol-imports-rise-as-domestic-refinery-supplies-fall/
Nigeria's reliance on imported petrol has seen a recent uptick as domestic refinery supplies have dwindled, according to July 2026 statistics. In July, domestic petrol supplies plunged by 21%, while petrol imports surged by 9%, despite the country's refineries expanding. Total Premium Motor Spirit (PMS) receipts fell from 50.6 million litres per day in June to 45.5 million litres per day in July.
Domestic refineries once supplied 32.5 million litres of petrol daily, but this decreased to 25.8 million litres in July. Meanwhile, imported petrol rose from 18.1 million litres daily to 19.7 million litres. Domestic petrol receipts dropped by 10% from June to July due to a 21% decline in domestic supplies, which fell from 32.5 million litres to 25.8 million litres.
Imports, however, increased by 9% from 18.1 million litres to 19.7 million litres. While locally refined petrol remains the larger supply source, imports now account for a larger share of the market. Nigeria, Africa's largest oil producer, has relied on imported refined petroleum products for decades due to its state-owned refineries' poor performance.
However, recent growth in private refining capacity, like the Dangote Petroleum Refinery, and efforts to rehabilitate government-owned plants, have started to shift Nigeria's petroleum supply structure.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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