Nigeria Approves 830,000 Tonnes of Petrol Imports for Q4
The Nigerian government has approved the importation of 830,000 metric tonnes of Premium Motor Spirit (PMS), commonly known as petrol, for the fourth quarter of 2026, in anticipation of increased fuel demand during the Christmas and New Year festivities. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the permits in mid-September.
The six companies granted import permits are Matrix Energy, AA Rano, AYM Shafa, NIPCO, Pinnacle Oil, and Bono Energy. Their combined allocation has increased significantly throughout 2026, from 180,000 metric tonnes in the first quarter to 720,000 metric tonnes in the second quarter, and exceeding 800,000 metric tonnes in the third quarter.
The latest approval aims to bolster supply as marketers prepare for heightened petrol consumption. This decision occurs amid a legal dispute involving Dangote Refinery, which argues that domestic production is sufficient to meet Nigeria's petrol needs and is contesting the issuance of import licenses.
A hearing on this matter is scheduled for October 7, 2026.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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