Dangote supplied more petrol than importers in August – Report

The August report from the Nigerian Midstream and Downstream Petroleum Regulatory Authority revealed Dangote's dominance in petrol supply, surpassing all importers combined. In August, domestic PMS receipts surged from 25.8 million litres per day to 35.9 million litres per day, while imports dwindled from 19.7 million litres per day to 14.6 million litres per day.

This led to a striking 21.3 million litre daily deficit in imports, as domestic receipts exceeded imports by 21.3 million litres. The total daily petrol supply amounted to 50.5 million litres, a 11% increase from July's 45.5 million litres. Domestic PMS accounted for an impressive 71% of total PMS receipts in August, compared to the 29% share held by imports.