Nigeria's February 2026 Petrol Imports Hit Record Low

In February 2026, Nigeria recorded its lowest petrol import levels, with local refining leading the supply chain. According to industry data, total daily petrol supply fell sharply to 39.6 million liters per day, a reduction of 25.4 million liters or 39.1% from January.

This decline was primarily due to a significant drop in petrol imports, with domestic refining contributing the bulk of the petrol supply, averaging 36.5 million liters per day. Local refineries accounted for roughly 92% of the total product supply during the month, with imports representing only 3.1 million liters per day, about 8% of total supply.

The Dangote Petroleum Refinery played a crucial role in stabilizing domestic supply, maintaining a petrol sufficiency level of 31 days. Despite the drop in imports, domestic demand remained stable, with average daily petrol consumption at 36.6 million liters.

Diesel demand also exceeded projections, averaging 20.3 million liters per day, indicating robust consumption across the economy.