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Petrol supply jumped 55% in November

Global petrol price increases by 20%

The supply of Premium Motor Spirit, also known as petrol, rose sharply to 71.5 million litres per day in November 2025, up from 46 million litres per day recorded in October, representing an increase of 55 per cent.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority said the volume supplied during the period was sourced from both domestic production and imports from the international market.

According to the agency’s November 2025 Fact Sheet report released on Tuesday, national petrol consumption also climbed significantly by 44.5 per cent to 52.1 million litres per day in November, compared with 28.9 million litres per day in October, resulting in an excess supply of 37.4 million litres.

The authority attributed the sharp rise in petrol supply largely to increased importation by the Nigerian National Petroleum Company Limited.

NMDPRA explained that the imports were undertaken to build inventory and further guarantee adequate supply during the peak demand period.

The regulator also listed additional factors responsible for the surge in supply, noting that these included “low supply recorded in September and October 2025, below the national demand threshold; the need for boosting national stock level to meet the peak demand period of end of year festivities and twelve vessels programmed to discharge into October which spilled into November.”

The report disclosed that supply from domestic refineries during the period stood at 17.1 million litres per day, while the average daily consumption of petrol for the month was 52.9 million litres per day.

It further revealed that no production activities were recorded across all state owned refineries, including the Port Harcourt, Warri and Kaduna refineries, as the facilities remained shut down throughout the period under review.

On gas supply, the report showed that average daily gas supply increased to 4.684 billion standard cubic feet per day in November 2025, from the average processing level of 3.94 billion standard cubic feet per day recorded in October.

It also noted that Nigeria LNG Trains 1 to 6 maintained a stable processing output of 3.5 billion standard cubic feet per day in November, while utilisation improved slightly to 73.7 per cent from 71.68 per cent recorded in October.

The increase in gas output, according to the report, was driven by higher plant utilisation across major processing hubs and sustained export volumes from the Nigeria LNG facility in Bonny.

The report stated: “As of November 2025, Nigeria’s major gas processing facilities recorded improved output and utilisation levels, with the Nigeria LNG Trains 1-6 processing 3.50 billion standard cubic feet per day at a utilisation rate of 73.70 per cent.

“Gbaran Ubie Gas Plant processed 1.250 bscf per day, operating at 71.21 per cent utilisation, while the MPNU Bonny River Terminal recorded a throughput of 0.690 bscf per day during the period. Processing activities at the Escravos Gas Plant stood at 0.680 bscf per day, representing a 62 per cent utilisation rate, whereas the Soku Gas Plant emerged as the top performer, processing 0.600 bscf per day at 96.84 per cent utilisation.”

The report also indicated a marginal increase in gas supply to the power sector, which rose to 0.645 billion standard cubic feet per day in November, compared with 0.641 billion standard cubic feet per day recorded in October.

Gas supply to commercial hubs equally improved during the period, increasing from 0.522 billion standard cubic feet per day in October to 0.581 billion standard cubic feet per day in November.

Providing a breakdown of domestic gas utilisation, the report stated: “Breakdown of domestic gas utilisation showed that the power sector remained the largest off taker, consuming 0.645 bscf per day, followed by the commercial segment at 0.581 bscf per day and gas based industries at 0.420 bscf per day. Export volumes remained strong during the month, with the Nigeria LNG Limited exporting an average of 101,555 cubic metres of LNG per day, equivalent to 45,966 metric tonnes, while natural gas exports through the West African Gas Pipeline averaged 0.121 bscf per day.”