Nigeria relies on petrol imports due to insufficient refining capacity, with local refineries supplying less than 50% of daily consumption.
NMDPRA Chief Executive Farouk Ahmed confirmed at a press conference that despite a 985,000 bpd refining capacity, imports remain essential to prevent shortages.Despite the restart of Port Harcourt and Warri refineries and the launch of the Dangote refinery in 2024, Nigeria still relies on petrol imports for over 50% of its supply.
NMDPRA confirmed this, noting that daily consumption dropped from 66 million to 50 million liters after subsidy removal.Farouk confirmed that no refinery owners have imported petrol in 2024, with other oil marketers covering the shortfall to prevent scarcity.
He noted that daily petrol consumption dropped to around 50 million liters after subsidy removal, with local refineries supplying less than 50%.NMDPRA assured that all petroleum products imported in 2024 meet quality standards set by the Standards Organisation of Nigeria and the Petroleum Industry Act.
Ukoha dismissed false social media claims about product quality, stating that the agency does not allow substandard fuel distribution.
