Site icon Fishe News

Nigerians Used 56.74 Million Litres Of Petrol Each Day In October, Says NMDPRA

Nigeria’s consumption of Premium Motor Spirit (PMS), popularly known as petrol, reached 56.74 million litres per day in October, according to a new factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The latest data offers a comprehensive view of our fuel demand, supply balance, and refinery performance over the past year, highlighting both progress and persistent challenges in Nigeria’s evolving energy sector.

Breakdown of October PMS Supply

The factsheet shows that out of the 56.74 million litres consumed daily in October:

The data confirms that despite a gradual rise in domestic refining capacity, imports still play a major role in meeting our daily national demand.

One-Year Consumption Analysis

For the 12-month period from October 2024 to October 2025, Nigerians consumed an average of 661.5 million litres of PMS.

During the same period:

These figures reflect fluctuating market demand influenced by economic conditions, price changes, and supply dynamics.

Domestic Refining: Dangote Leads, NNPCL Refineries Still Idle

The report revealed substantial differences in the performance of Nigeria’s refining assets:

This reinforces the reality that our nation is still heavily dependent on a single large private refinery for domestic PMS production, while public refineries remain inactive despite multi-year rehabilitation programs.

Consumption of Other Petroleum Products

Beyond petrol, Nigerians also recorded significant use of other fuels in October:

The steady consumption of LPG aligns with the government’s push for cleaner cooking fuels, while diesel and aviation fuel levels reflect economic and transportation sector activity.

NMDPRA: Data Shows Energy Sector Transformation

According to the NMDPRA, the verified data demonstrates Nigeria’s “strategic transformation in the energy sector.” The agency emphasized key progress areas, stating the figures reflect:

The Authority noted that the ongoing reforms are positioning Nigeria to “secure a brighter energy future.”

Implications for the Economy and Energy Security

The data points deduced that we’re in the midst of an important transition:

1. Domestic refining is rising but still insufficient

While the Dangote Refinery is making a visible impact, Nigeria still relies on imports for over half of its petrol needs.

2. Idle public refineries remain a major gap

With NNPCL’s refineries not producing any PMS, the burden of domestic supply continues to rest on private refining and imports.

3. Consumption remains high despite economic pressures

October’s 56.74 million litres/day consumption shows that PMS demand is still robust, even with high pump prices and subsidy removal.

4. Fuel diversification is occurring slowly

LPG and aviation fuel consumption trends underscore broader shifts in the energy mix, though petroleum products remain dominant.

Looking Ahead

As domestic refining capacity grows and regulatory reforms deepens as championed by President Bola Tinubu, Nigeria may be on track to reduce its long-term dependence on fuel imports. However, full energy security will depend on reliable refinery operations, improved distribution, and sustained investment across the downstream and midstream value chains.

Exit mobile version