Petrol Imports Rise as Domestic Refinery Supply Falls

Nigeria’s petrol market is seeing a fresh shift as imported fuel increased in July while supplies from domestic refineries declined.

New industry figures show that domestic petrol supply dropped by 21 per cent, from 32.5 million litres per day in June to 25.8 million litres per day in July.

At the same time, petrol imports increased from 18.1 million litres per day to 19.7 million litres.

The development is significant because Nigeria has been pushing to reduce its dependence on imported petroleum products by expanding local refining.

The Dangote refinery remains a major contributor to domestic production, but the latest figures show that Nigeria’s fuel market still relies on imports to fill supply gaps.

For motorists and businesses, the key question will be whether the changing supply pattern will affect fuel availability and pump prices in the coming weeks.