Fuel Imports Soar 207% in June Amid 22% Drop in Dangote Refinery Output

New data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority shows petrol imports jumped to 18.1 million litres per day in June, up from 5.6 million litres per day in May. Domestic petrol production at Dangote Refinery fell 22%, dropping to 32.5 million litres per day. Despite a 7% rise in daily petrol consumption to 50.6 million litres, Nigeria relied more on imported fuel after the regulator issued fresh import licences. Diesel imports halted as consumption edged lower during the month. Cooking gas demand surged, with daily LPG use up 24% to 5.1 kilotonnes. LPG imports spiked 1,400% to 1.5 kilotonnes per day, even as local output declined by 10% to 3.6 kilotonnes. The figures underline growing domestic energy needs and continued dependence on imports to bridge the supply gap.

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