The Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA, says Nigeria has recorded drop in the importation of premium motor Spirit PMS.
The Agency said Nigeria’s imports of premium motor spirit (petrol) have reduced from 44.6 million litres a day in August 2024 to 14.7 ML by 13 April 2025.
The NMDPRA team attributed the 30million litres fall to contributions by local plants.
NMDPRA Chief Executive Officer, Farouk Ahmed, revealed this to State House Correspondents on Tuesday during the Meet-the-Press briefing series organised by the Presidential Communications Team at Abuja.
Ahmed also revealed that local supply increased by 670 per cent within same period.
He attributed the increase to the gradual restart of the Port Harcourt Refining Company in late November, along with additional output from modular refineries.
He said “after contributing virtually nothing in August, local plants delivered 26.2 ML/day in early April, a jump from the 3.4 ML recorded in September, the first month with measurable output.
The NMDPRA Head underscored that despite the progress made, total supply exceeded the government’s 50 ML/day consumption target only twice during the eight-month period—once in November (56 ML) and again in February (52.3 ML).
In March, it slightly dipped below the target to 51.5 ML, and during the first half of April, it stayed lower at 40.9 ML.
The NMDPRA Chief argued that the Authority only grants imports licenses relative to the country’s supply requirements.
Victoria Ibanga
Comments are closed.