Petrol Supply Falls to 45.5m Litres Daily in July

Nigeria’s daily petrol (PMS) supply dropped by 10 per cent in July, from 50.6 million litres in June to 45.5 million litres, according to the latest fact sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The report showed that domestic petrol receipts fell by 21 per cent month-on-month, forcing a 9 per cent rise in imports to bridge the gap. Petrol consumption also declined sharply, dropping 25 per cent to 35.7 million litres per day.

Despite the supply pressure, the NMDPRA reported that national petrol stock sufficiency improved to 22.4 days, up 14 per cent from June — though still short of the regulator’s stated 30-day minimum threshold.

The Dangote Refinery, Nigeria’s largest, operated at an average capacity utilisation of 71.09 per cent in July, producing 25.9 million litres of petrol daily, of which 3.4 million litres were exported.

Diesel (AGO) supply performed better, rising 46 per cent to 23.6 million litres daily, pushing diesel stock cover to 46.5 days.

The report also showed that all three refineries owned by the Nigerian National Petroleum Company Limited (NNPCL) — Port Harcourt, Warri and Kaduna — remained shut throughout the month,