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Nigerian Refineries Seek Govt Support to End Petrol Imports by 2026

Legit.ng·
Nigerian Refineries Seek Govt Support to End Petrol Imports by 2026

Nigerian domestic oil refineries, including Dangote Petroleum Refinery, aim to increase local petrol production to reduce the country's reliance on fuel imports by 2026. Despite Dangote's refinery operating at 650,000 barrels per day, petrol imports still dominate.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority reports that imports account for 62.47% of Nigeria's total petrol consumption. Limited access to crude oil feedstock hampers local refineries, with Dangote's refinery currently producing below capacity.

The association calls for government support, long-term feedstock assurance, and infrastructure development to enable local refineries to outperform fuel imports by 2026.

Plus234Feed summary based on reporting from Legit.ng.

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