Dangote Refinery supplied 35.9 million litres of premium motor spirit (PMS) a day to Nigeria’s domestic market in August, while daily petrol imports fell to 14.6 million litres.
Refinery output expands
Figures in the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s August factsheet, released on Thursday, showed that Dangote’s daily petrol deliveries rose 39% from 25.8 million litres in July.
- Daily PMS receipts from Dangote Refinery reached 35.9 million litres in August, up from 25.8 million litres the previous month.
- Crude deliveries to the refinery increased 17%, climbing to 0.683 million barrels per day from 0.585 million barrels per day in July.
Imports and domestic demand weaken
The increase in local refinery supply coincided with a 26% monthly decline in petrol imports. Import volumes fell from 19.7 million litres per day in July to 14.6 million litres per day in August.
At the same time, Nigeria’s PMS consumption decreased by 14%, dropping to 41.5 million litres per day from 48.3 million litres per day in the preceding month.
