Petrol Imports Drop 29% as Dangote Supplies Rise to 71%
Domestic petrol inflow increases 39% to 35.9m litres/day PMS consumption falls 14% to 41.5m litres daily despite 50.5m litres daily receipts Cooking gas imports rise 44% Emmanuel Addeh in Abuja Nigeria’s
Nigeria saw a significant shift in its petrol supply structure in August as domestic refining increased, with locally refined Premium Motor Spirit (PMS) accounting for 71.1% of total daily receipts. This marked a 39% increase in domestic PMS receipts from 25.8 million litres per day in July to 35.9 million litres per day in August, while imports declined by 26% from 19.7 million litres daily to 14.6 million litres daily.
The Dangote Refinery played a crucial role in this shift, producing an average of 41.94 million litres of PMS daily, with 35.87 million litres per day recorded as domestic receipts. Despite the increase in domestic refining, PMS consumption declined by 14% month-on-month, from 48.3 million litres per day in July to 41.5 million litres daily in August, due to a 14% reduction in petrol consumption.
Overall, actual PMS consumption was 83% of the regulator's 50 million litres per day benchmark, leaving a shortfall of 8.5 million litres per day.
Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
