Dangote Supplies 71% of Nigeria’s Petrol as Imports Fall
Dangote Petroleum Refinery supplied about 71 percent of the petrol received in Nigeria in August, as domestic fuel supply increased and petrol imports declined significantly.
The latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that total Premium Motor Spirit (PMS) receipts increased by 11 percent from 45.5 million litres per day in July to 50.5 million litres per day in August.
Domestic PMS receipts accounted for 35.9 million litres per day in August, representing 71 percent of total petrol receipts. This was a 39 percent increase from the 25.8 million litres per day recorded in July.
At the same time, petrol imports dropped by 26 percent, falling from 19.7 million litres per day in July to 14.6 million litres per day in August.
The NMDPRA said:
“PMS daily receipts increased by 11 per cent, rising from 45.5 million litres per day in July to 50.5 million litres per day in August. Domestic PMS receipts rose by 39 per cent, from 25.8 million litres per day in July to 35.9 million litres per day in August.
“Over the same period, PMS imports declined by 26 per cent, from 19.7 million litres per day to 14.6 million litres per day. Domestic PMS receipts exceeded petrol imports by 21.3 million litres per day in August.
“PMS consumption declined by 14 per cent, from 48.3 million litres per day in July to 41.5 million litres per day in August.”
Dangote refinery boosts domestic supply
The Dangote refinery accounted for the bulk of the country’s domestic petrol supply during the month.
The refinery produced an average of 41.94 million litres of PMS daily in August. Of that volume, 35.87 million litres were supplied to the Nigerian market, while 9.73 million litres were exported.
The refinery’s average capacity utilisation was recorded at 105.21 percent during the month.
By the end of August, the facility had 360.4 million litres of PMS in stock.
The increase in domestic supply marks a significant shift in Nigeria’s petrol market, which has historically depended heavily on imported refined products.
Petrol imports continue to fall
The decline in imports came as domestic petrol receipts increased.
In August, imports averaged 14.6 million litres per day, down from 19.7 million litres per day in July. Domestic petrol receipts, meanwhile, reached 35.9 million litres per day.
This means domestic supplies exceeded imported petrol by 21.3 million litres per day during the month.
The figures point to a growing role for domestic refining in meeting Nigeria’s fuel requirements.
Petrol consumption drops despite higher supply
Despite the increase in total petrol receipts, recorded domestic PMS consumption declined by 14 percent.
Consumption fell from 48.3 million litres per day in July to 41.5 million litres per day in August.
The decline means the increase in domestic refinery output was not matched by a corresponding rise in recorded consumption.
Crude supply to local refineries increases
The NMDPRA data also showed an increase in crude oil supplied to domestic refineries.
Crude oil receipts rose by 17 percent, from 585,000 barrels per day in July to 683,000 barrels per day in August.
The higher crude supply supported increased domestic refining activity during the month.
The latest figures highlight the growing contribution of the Dangote refinery to Nigeria’s petrol market, while imports continue to account for a smaller share of total domestic supply.
