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Tag: Petrol imports

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Nigeria spent ₦8.96tn on petrol imports in 2025 — NBS

Nigeria’s dependence on imported petrol continued throughout 2025, as oil marketers spent N8.96 trillion on Premium Motor Spirit imports from January to December, despite growing investments in local refining capacity. An analysis of the latest foreign trade data released by the National Bureau of Statistics on Thursday revealed that petrol, classified as “Motor spirit ordinary,” […]

Lekki Deep Seaport berths largest container ship on Nigerian waters
Oil and Gas

129,000MT petrol vessels arrive Lagos amid surging fuel prices

As Nigerians contend with rising petrol prices, vessels carrying 129,000 metric tonnes of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) are expected to dock at Lagos Ports between March 14 and 17, 2026. This came as officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority explained why some importers were still importing […]

featured Oil and Gas

Petrol imports drop 42.2% as Dangote supply rises

Petrol imports into Nigeria declined by 42.2 per cent in January 2026, falling to an average of 24.8 million litres per day from 42.8 million litres per day in December 2025, according to a report by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The report, released over the weekend, indicated that petrol supplied by […]

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Why Nigeria doesn’t need to import petrol — Dangote

President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced. Speaking during a visit by the South South Development Commission to the Dangote Petroleum Refinery and Fertiliser Complex […]

Oil and Gas

Nigeria still dependent on imports despite Dangote Refinery — NMDPRA

Fuel security slowed in October as the Dangote Petroleum Refinery supplied only an average of 17.1 million litres per day of the nation’s petrol needs. This forced the country to rely heavily on imports, despite earlier hopes of achieving self-sufficiency. The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, revealed this information. […]

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Opinion

Delta APC chieftain faults Tinubu’s 15% fuel import duty

A chieftain of the All Progressives Congress in Delta State, Chief Ayiri Emami, has faulted President Bola Tinubu’s approval of a 15 per cent ad-valorem import duty on petrol and diesel, warning that the move will worsen the suffering of ordinary Nigerians. Emami raised the concerns at a press conference held in Abuja on Thursday. […]

Business

Nigeria’s petrol imports hit eight-year low amid refining expansion

Nigeria’s petrol imports fell to their lowest level in eight years in September, according to a new report, as ongoing government reforms and growing local refining capacity reshape the country’s downstream oil sector. Argus reported on Monday that Nigeria imported 116,000 barrels per day—about 18.44 million litres—of Premium Motor Spirit by sea last month, down […]

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