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Nigeria’s daily petrol imports surged by 207 per cent in June, reversing months of steady progress toward domestic energy self-sufficiency. Fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority reveals that daily foreign fuel receipts jumped to 18.1 million litres, up from 5.9 million litres in May. The massive influx of offshore fuel…
Nigeria’s downstream petroleum sector is bracing for renewed pressure on the foreign exchange market after Dangote Petroleum Refinery scrapped naira pricing for petrol, diesel and aviation fuel, a decision that could oblige marketers to source as much as 1.84 billion dollars every month to keep the pumps running and tie domestic fuel costs directly…
Independent domestic fuel dealers are pushing for a full restoration of their direct importation rights, claiming they can lower pump prices below N800 per litre. Abubakar Maigandi, the national president of the Independent Petroleum Marketers Association of Nigeria, announced the target following an emergency meeting with state energy officials. The bold prediction reflects a growing…
Vessels carrying 129,000 metric tonnes of Premium Motor Spirit and Automotive Gas Oil are scheduled to dock at Nigerian ports between March 14 and 17, 2026, even as the Nigerian Midstream and Downstream Petroleum Regulatory Authority maintains that no new petrol import licences have been issued this year. The arrivals, documented in the Nigerian Ports…
The Independent Petroleum Marketers Association of Nigeria has revealed plans to venture into refinery ownership, subject to regulatory approval, as part of efforts to deepen domestic refining and reduce Nigeria’s reliance on imported petroleum products. The association also directed its members nationwide to prioritize the purchase of Premium Motor Spirit from the Dangote Petroleum…
