Nigeria’s domestic supply of Premium Motor Spirit (PMS), also known as petrol, recovered in August 2026, while imports dropped by 26 per cent.
This was primarily driven by the Dangote Refinery operating above capacity.
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) data, domestic petrol receipts rose 39 per cent month-on-month from 25.8 million litres per day in July to 35.9 million litres per day in August. On the other hand, imports fell to 14.6 million litres per day from 19.7 million litres per day recorded in July, reflecting a 26 per cent decline.
Total daily petrol receipts rose by 11 per cent from 45.5 million litres in July to 50.5 million litres in August.
Domestic supply exceeded imports by 21.3 million litres per day, accounting for 71 per cent of the total volume of petrol supplied to the Nigerian market in August.
The domestic supply surge was driven by the Dangote Refinery, which recorded 105.21 per cent in capacity utilization in August against a decline of 71.09 per cent in July. The 700,000 barrels per day facility produced 41.94 million litres of petrol per day against 25.9 million litres per day in July. The refinery remains the sole domestic supplier of petrol to the Nigerian market.
The NMDPRA data shows that despite increased supply, petrol consumption fell by 14 per cent from 48.3 million litres per day in July to 41.5 million litres per day in August. The Authority notes that consumption statistics are based on truck-out volumes.
Diesel Supply decline
Total daily supply of Automotive Gas Oil (AGO), also known as diesel, dropped by 39 per cent from 23.6 million litres in July to 14.5 million litres in August. Imports plummeted 84 per cent from 7.9 million litres to 1.3 million litres per day, while domestic supply also dropped 16 per cent from 15.7 million litres to 13.2 million litres per day.
Diesel consumption also saw a downward swing of 15 per cent from 16.8 million litres per day to 14.3 million litres per day.
Crude Oil Supply to Refineries
Crude oil receipts by domestic refineries increased 17 per cent from 585,000 barrels per day in July to 683,000 barrels per day in August. This saw the total monthly supply rise to 17.05 million barrels in August from 12.75 million barrels in July.
Crude imports declined 20.9 per cent from 5.14 million barrels in July to 4.06 million barrels in August.
The total volume of crude oil supply to local refineries (both from domestic sources and imports) rose to 21.10 million barrels from 17.88 million barrels.
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Aviation fuel supply rise
Daily supply of Aviation Turbine Kerosene (Aviation fuel) surged by 63 per cent to 3.1 million litres from 1.9 million litres per day.
Its daily consumption rose by 22 per cent from 2.3 million litres per day to 2.8 million litres.
Petroleum products stock sufficiency
The data shows that PMS stock sufficiency rose 2 per cent from 22.4 days to 22.9 days while diesel rose by 11 per cent from 46.5 days to 51.6 days.
State-owned Refineries Remain Idle
The three state-owned refineries operated by the Nigerian National Petroleum Company Limited (NNPCL)—Port Harcourt, Warri, and Kaduna refineries— were all listed as “not producing.”
The modular refineries supplied an average of 0.79 million litres of diesel during the period under review. Among the modular refineries, WalterSmith had a capacity utilization rate of 64.77 per cent, Edo Refinery 90.43 per cent, and Aradel Refinery 58.77 per cent, but these facilities have significantly smaller production scales.
Victor Ezeja is a Nigerian journalist skilled in producing insightful news analyses, feature stories, and interviews that simplify complex issues and drive informed public discourse. His work combines rigorous research, balanced reporting, and compelling storytelling to highlight developments shaping industries and society. Victor, who holds a Master's Degree in Mass Communication, specializes in energy, aviation, business, and economic reporting. He can be reached via @VICTOREZEJA on X