Nigeria’s reliance on imported petrol declined sharply in April to 3.7 million liters per day, down from 40.1 million liters per day in March, as domestic refineries increased production and operated near full capacity. The Dangote Refinery reportedly maintained almost 100% capacity utilization for most of the month, helping local petrol production exceed the country’s official daily consumption benchmark. Modular refineries also contributed to local diesel supply, although the Port Harcourt, Warri, and Kaduna refineries remain inactive. Officials say rising domestic refining capacity could reduce pressure on foreign exchange demand and strengthen fuel security. However, high global oil prices linked to Middle East tensions continue to keep petrol prices elevated nationwide despite improving local supply conditions.
Premium Times
