Urgent.News

What's breaking now, across thousands of outlets.

Business

Domestic refineries supply 75% of Nigeria’s petrol

Despite a sharp resurgence in petrol imports, domestic refineries, led by the Dangote Petroleum Refinery, emerged as Nigeria’s largest source of petrol supply in the first seven months of 2026, accounting for nearly three-quarters of the country’s total Premium Motor Spirit (petrol) supply, while imports fell sharply compared with the corresponding period of 2025. This Read More:…

Domestic refineries supply 75% of Nigeria’s petrol

In the first seven months of 2026, domestic refineries in Nigeria supplied nearly three-quarters of the country's petrol, accounting for 74.9 percent of the total Premium Motor Spirit (PMS) supply, while imports dropped significantly compared to the same period in 2025. Imported petrol contributed only 25.1 percent of the total supply.

This shift comes as the country relies more on imported petrol in June and July after the government issued import licenses and domestic refining dropped. In comparison to 2025, domestic refining grew by 73.5 percent while imports declined by 62.3 percent.

Written by urgent.news from Punch'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.

Read the original at punchng.com →

More in Business

More from Thursday 27 August →