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Petrol imports rise 4.6% as local supply recovers
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Petrol imports rise 4.6% as local supply recovers

Vanguard Nigeria about 2 hours 2 mins read
Petrol imports rise 4.6% as local supply recovers

By Obas Esiedesa, Abuja

ABUJA — Nigeria’s petrol imports rose to 20.6 million litres per day (ml/d) in August 2026, even as supply from domestic refineries increased to 29.7ml/d, latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has shown.

The August figures indicated a 4.6 per cent increase in petrol imports from 19.7ml/d recorded in July, while domestic refinery supply rose by 15.1 per cent from 25.8ml/d in the same period.

The figures were contained in the NMDPRA’s August 2026 Midstream and Downstream Sector Factsheet, released on Thursday.

Domestic refinery petrol supply, which had declined for three consecutive months, recovered in August.

It fell from 41.5ml/d in May to 32.5ml/d in June and 25.8ml/d in July, before rising to 29.7ml/d in August.

Despite the recovery, August’s domestic supply remained below the 40.7ml/d recorded in both January and April.

Meanwhile, petrol imports have risen steadily since June, when they stood at 18.1ml/d.

Imports increased to 19.7ml/d in July before reaching 20.6ml/d in August.

However, the August import volume remained below the 24.8ml/d recorded in January.

NMDPRA data showed that petrol imports were significantly lower between February and May, standing at 3.0ml/d in February, 5.9ml/d in March, 3.7ml/d in April and 5.9ml/d in May.

The latest figures indicate a simultaneous recovery in domestic refinery supply and increase in imported petrol volumes, pointing to a changing supply mix in the downstream petroleum market.

The post Petrol imports rise 4.6% as local supply recovers appeared first on Vanguard News.

This article was sourced from an external publication.

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