The Nigerian National Petroleum Company Limited and other marketers in the downstream oil sector imported more than 633 million litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in January 2025 despite the production of these commodities domestically.

The latest industry data on the importation of PMS and AGO by these firms indicated that they brought in over 458 million litres of petrol and 174 million litres of diesel during the less than one-month duration.

Although some dealers said the move was to bridge domestic fuel shortages, others argued that the $20bn Lekki-based Dangote Petroleum Refinery could meet the country’s refined petroleum products demands.

The move indicates a continued reliance on imports, even as the country aims to boost domestic refining capacity and reduce dependency on imported fuel, a factor that has contributed to the devaluation of the naira.

https://punchng.com/domestic-shortfall-nnpc-marketers-import-633m-litres-of-fuel/