Nigeria’s petrol imports have plummeted by 67 percent since August 2024, dropping from 44.6 million litres daily to just 14.7 million litres by mid-April 2025, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
This dramatic decline coincides with an explosive 670 percent surge in local production, with domestic refineries now delivering 26.2 million litres per day, up from just 3.4 million litres in September when measurable local output began.
Farouk Ahmed, NMDPRA’s chief executive officer, attributed this transformation to the phased restart of the Port Harcourt Refining Company and increasing contributions from modular refineries across the country.
Despite this progress, the combined supply of imported and locally produced petrol has only exceeded the government’s consumption benchmark of 50 million litres per day twice during the eight-month period—in November (56 million litres) and February (52.3 million litres). March came close at 51.5 million litres, while early April figures show supply at 40.9 million litres.
Source: businessday.ng
