Nigeria consumed about 11.7 billion litres of petrol between January and August 2026, as demand weakened steadily amid rising pump prices caused mainly by the ongoing conflict between the US and Iran. Analysis of monthly factsheets from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that average daily petrol consumption stood at about 48.2 million litres during the eight-month period. In the first quarter, Nigerians consumed an average of 54.7 million litres daily, driven by January demand of 60.2 million litres per day, February's 56.9 million litres, and March's 47.3 million litres. Average daily consumption fell to 48.2 million litres in the second quarter, comprising 51.1 million litres in April, 46.3 million litres in May, and 47.4 million litres in June, with the decline becoming more pronounced in subsequent months.
Related Articles
Don't miss out on breaking stories and in-depth articles.