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

Nigeria's petrol supply structure shifted sharply 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. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, domestic PMS receipts rose by 39 per cent from 25.8 million litres per day in July to 35.9 million litres per day in August, while imports declined by 26 per cent from 19.7 million litres daily to 14.6 million litres daily. Overall, petrol receipts increased 11 per cent from 45.5 million litres per day in July to 50.5 million litres per day in August, indicating that the rise in domestic refining more than offset the reduction in imports. Meanwhile, PMS consumption fell 14 per cent to 41.5 million litres daily despite 50.5 million litres daily receipts, and cooking gas imports rose 44 per cent.

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