Home Business Nigerians Spend N1.3tn on Petrol in June as Consumption Hits 1.44bn Litres

Nigerians Spend N1.3tn on Petrol in June as Consumption Hits 1.44bn Litres

by Radarr Africa

Nigerians spent about N1.3 trillion on Premium Motor Spirit (petrol) in June 2025, amid rising energy costs and heavy reliance on self-power generation, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The NMDPRA truckout report showed that 1.44 billion litres of petrol were distributed across states in the month. At a conservative pump price of N900 per litre, this translates to N1.3tn in spending.

Top Consumers
Lagos led nationwide consumption with 205.7 million litres, valued at N185.1bn, followed by Ogun with 88.7 million litres (N79.8bn), the Federal Capital Territory with 77.5 million litres (N69.8bn), and Oyo with 72.8 million litres (N65.5bn).

At the lower end, Jigawa consumed 9.4 million litres (N8.5bn), the least nationwide, followed by Ebonyi (10.5m litres; N9.5bn), Yobe (11.7m litres; N10.5bn) and Bayelsa (11.9m litres; N10.7bn).

Regional Breakdown

  • South-West: Top consumer with 452.9m litres (N407.7bn), led by Lagos, Ogun and Oyo.
  • North-Central: Second with 247.4m litres (N222.4bn), led by the FCT and Niger.
  • North-West: Consumed 230m litres (N207bn), led by Kano and Kaduna.
  • South-South: Spent N202.9bn on 224.9m litres, with Delta and Rivers topping.
  • North-East: Consumed 152.8m litres (N137.5bn), led by Adamawa and Bauchi.
  • South-East: Lowest with 132.7m litres (N119.6bn), led by Anambra and Imo.

The figures highlight Nigeria’s uneven fuel demand, largely influenced by population size, vehicle density, industrial activity, and unreliable electricity supply.

Dangote Refinery’s Impact
In June, Aliko Dangote, President of Dangote Group, said Nigerians currently pay about 55% of what other West African countries pay for petrol, thanks to the Dangote refinery.

“At our refinery, we’re selling between N815 and N820 per litre, while the regional average is about $1 (N1,600). Nigerians are benefiting from local refining,” Dangote stated.

Petrol prices had spiked to over N1,200 per litre last year after the Nigerian National Petroleum Company Limited (NNPC) completely removed subsidies. However, repeated price cuts by Dangote refinery have pushed prices down to below N900/litre.

Public Reactions
While many Nigerians welcomed the reduction, some consumers insist that petrol prices should fall further to between N200 and N500 per litre to help tame inflation.

“The prices should drop to between N200 and N500, and you’ll see the impact on virtually all sectors of the economy. Selling petrol above N850 per litre is still high and causing inflation to spike,” said Favour Samson, a Lagos resident.

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