Nigeria’s petrol imports dropped to their lowest level on record in June 2025, signaling a significant shift in the country’s fuel supply dynamics, according to a new industry report released this week.
The report, compiled by the National Bureau of Statistics (NBS) in collaboration with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), reveals that the sharp decline in imports follows increased output from domestic refining operations — particularly from the Dangote Refinery, which began commercial fuel production earlier this year.
According to the data, petrol import volumes fell by more than 70% compared to the same period last year, marking the steepest monthly decline since records began.
“This development reflects a turning point in Nigeria’s downstream sector,” the report noted. “For the first time in decades, local refining capacity is playing a major role in meeting national petrol demand.”
Industry analysts attribute the crash in imports to a combination of increased domestic supply, forex challenges, and tighter import regulations introduced to support local refiners.
The 650,000-barrels-per-day Dangote Refinery — located in Lagos — has ramped up production in recent months, supplying major marketers and helping to ease dependence on costly foreign imports. Other modular refineries across the Niger Delta have also begun contributing to local fuel availability.
Energy economist Dr. Musa Lawal described the drop as “a positive indication that Nigeria is beginning to take control of its energy security,” but warned that sustained output and pricing stability would be crucial for long-term impact.
Despite the progress, the NBS report also noted that retail fuel prices remain volatile, partly due to distribution bottlenecks and subsidy-related concerns.
Stakeholders are calling for improved logistics infrastructure, transparent pricing frameworks, and continued investment in refining and storage to maintain the momentum and permanently reduce the country’s exposure to global fuel market shocks.
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