Domestic supply of Premium Motor Spirit, which is widely known as petrol, recorded a significant increase in November 2025, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

It indicated that the daily supply rose by 37.7 per cent to 23.52 million litres, up from 17.08 million litres per day recorded in October.

The total volume of petrol imported into Nigeria also saw a sharp increase during the same period. Imports surged by 80.27 percent, reaching 52.1 million litres daily, compared to 28.9 million litres in October. Combining the domestic and imported volumes, the total average daily petrol supply for November reached 71.5 million litres.

NMDPRA provided an explanation for the considerable increase in November’s supply figures. The agency attributed the rise to the unusually low delivery rates that had been observed in September and October, which were below the national demand threshold. Furthermore, the agency linked the supply boost to deliberate efforts to build national stock levels in anticipation of the high demand typically experienced towards the end of the year.

The NMDPRA also detailed the strategic actions taken by NNPC Limited to stabilize the inventory. The agency stated that the surge in imports by NNPC Limited, which operates as a supplier of last resort, was aimed at strengthening inventory levels across the nation. It also confirmed that twelve vessels initially scheduled to discharge their cargo in October had their operations spill over into November, which consequently augmented the supply for that month.

The report also provided details regarding the nation’s petrol consumption and stock status for November. It estimated the average daily petrol consumption at 52.9 million litres for the month. Based on the supply figures, the national stock sufficiency was reported to be 16.65 days.

Concerning the country’s refining capacity, the report delivered an update on the facilities owned by NNPC Limited. It confirmed that “all four refineries owned by NNPC Limited remained shut, with no confirmed date for resumption of operations.”

This ongoing situation has prompted NNPC Limited to seek collaborative solutions for the facilities. Last month, Bayo Ojulari, NNPC Limited’s Group Chief Executive Officer, indicated that the company was actively seeking technical partners to jointly operate the nation’s refineries.

Ojulari further elaborated on the complexity of bringing the refineries up to a commercially viable standard. He explained that apart from securing technical partnerships, substantial upgrades were necessary to ensure the refineries’ output could meet modern product specifications. Referencing the future quality of refined products, he stated: “By the time we finish the ongoing rehabilitation, the products from those refineries will still be of a far lower standard than the Dangote Refinery.”

The Group Chief Executive Officer stressed the need for a comprehensive redesign to ensure competitiveness. He added, “It will be two steps lower than current international specifications. So when I talk about ‘high grade’, it means we want to redesign to high grade so that the products we produce will meet international standards and become commercially competitive. That requires some redesign.”