CPPE:  234% Surge in Fuel Import Will Discourage Downstream Investment

The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern over a 234% surge in petrol imports within three months, from 5.9 million litres per day in May 2026 to 19.7 million litres in July 2026. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that domestic refinery market share declined from 41.5% in May to 25.8% in July, while imported petrol's share rose from 12.4% to 43.3%. CPPE warned that unexplained reversals in import policy increase uncertainty and could discourage downstream investment.

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