Petrol Imports Drop 29% as Dangote Supplies Rise to 71%

Nigeria's petrol supply structure shifted towards domestic refining in August, with locally refined Premium Motor Spirit accounting for 71.1 per cent of total daily receipts while imports fell to 28.9 per cent. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed domestic PMS receipts rose 39 per cent from 25.8 million litres per day in July to 35.9 million litres per day in August, while imports declined 26 per cent from 19.7 million to 14.6 million litres daily. Overall petrol receipts increased 11 per cent from 45.5 million to 50.5 million litres per day, while PMS consumption fell 14 per cent to 41.5 million litres daily. Cooking gas imports rose 44 per cent.

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