Nigeria's Crude Oil Supply to Refineries Drops 8% in July

In July 2026, crude oil receipts by domestic refineries in Nigeria fell by 8% to 0.585 million barrels per day, down from 0.632 mbpd in June, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The total Premium Motor Spirit (PMS) receipts also decreased by 10% to 45.5 million litres per day from 50.6 mlpd in June.

This decline was primarily due to a severe 21% drop in domestic PMS supplies, which fell from 32.5 mlpd in June to 25.8 mlpd in July. To mitigate a potential supply deficit, market operators increased foreign sourcing, resulting in a 9% rise in PMS imports to 1.7 mlpd.

Despite the lower supply, Nigeria's PMS consumption decreased by 25% to 35.7 million litres per day from 37.1 mlpd in the previous month. Additionally, AGO consumption declined by 8% to 24.7 mlpd, while ATK consumption saw a significant drop of 41% to 1.7 mlpd.

The NMDPRA fact sheet indicated that consumption data is based on volumes trucked out into the domestic market, and due to the faster drop in consumption compared to supply receipts, Nigeria's petrol grid recorded a 14% increase in stock sufficiency, rising from 19.7 days of buffer reserves to 22.4 days.