The importation of Premium Motor Spirit (petrol) into Nigeria is on track to hit its lowest volume in eight years.

This significant shift is driven by the operations of the 650,000-barrel-per-day Dangote Petroleum Refinery, the country’s recently established mega-refinery, which is reducing the need for imports and bolstering Nigeria’s fuel sufficiency.

A report by Bloomberg on Wednesday, citing data from analytics firm Vortexa Ltd, revealed that petrol imports from foreign suppliers are significantly decreasing, boosting fuel self-sufficiency and marking a key step toward greater energy independence.

The report also stated that shipments into the country between January 1-24, 2025, stood at about 110,000 barrels a day, representing an import of 17.49 million litres.

If that rate continues for the rest of the month, the country’s imports — most of which come from Europe — will hit their lowest since 2017.

Other sources are from the Middle East, Russia, Asia, and North America.

https://punchng.com/domestic-fuel-supply-drags-petrol-imports-to-eight-year-low/