Nigeria’s petrol imports surged by 59.5 percent, in May, reversing months of sharp declines driven by scaling domestic refinery output. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals that average daily imports of Premium Motor Spirit (PMS) climbed to 5.9 million litres, up from 3.7 million litres in April.
- +Petrol import swells by 59% despite growing Dangote output
This aggressive influx of foreign fuel comes as nationwide consumption simultaneously dropped by 9.4 percent in the period.
This aggressive influx of foreign fuel comes as nationwide consumption simultaneously dropped by 9.4 percent in the period.
BusinessDay’s analysis of the NMDPRA factsheet for May showed that total consumption at 46.3 million litres is a sharp decline from 51.1 million litres consumed in April. Meanwhile, total supply at 47. 4 million litres per day is 6 percent increase from 44.4 million litres per day supplied in April.
While total petrol supplied in the month stood at 47.4 million litres, domestic supply by the Dangote refinery accounted for 41.5 million litres, representing a 2 percent increase from 40.7 million litres domestically sourced in April.
The report showed that Dangote refinery achieved a total production of 44.7 million litres per day, supplied 41.5 ml/d and made zero export.
Also, the state-owned refineries, including the Warri, Port Harcourt and Kaduna refineries, remained shut down in the period.
The total daily Gas supply in May was 4.984 Bscf/day, of these, the daily Gas supplied to NLNG was 2.851 Bscf/day while daily Gas supplied to the domestic market was 2.133 Bscf/day.
On sectoral utilisation, Gas‑to‑Power consumed 0.557 Bscf/day, gas to commercial consumed 0.635 Bscf/day while gas based industries consumed 0.510 Bscf/day.
