Nigeria's Petrol Supply Declines, Imports Rise in July 2026

In July 2026, Nigeria's petrol supply experienced a decline, with average daily receipts of Premium Motor Spirit (PMS) falling to 45.5 million litres from 50.6 million litres in June, marking a 10% decrease, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Despite the drop in overall PMS receipts, imports increased by 9% month-on-month to 19.7 million litres per day, while domestic supply from refineries decreased by 21% to 25.8 million litres daily.

Diesel (AGO) saw a contrasting trend, with daily receipts rising 46% to 23.6 million litres, primarily due to imports, which surged from zero in June to 7.9 million litres per day in July. Crude oil receipts by domestic refineries also fell, declining by 8% to 0.585 million barrels per day.

National petrol stock sufficiency improved to 22.4 days in July, although it remained below the 30-day minimum threshold. Dangote Petroleum Refinery operated at an average capacity utilization of 71.09%, producing 25.9 million litres of petrol and 19.1 million litres of diesel daily.