Nigeria is currently importing about 79.5 per cent or 31.8 million litres of Premium Motor Spirit (PMS), popularly called petrol to bridge local refining shortfall, Daily Sun investigation has revealed.
According to truck out data from the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA), Nigeria’s current daily petrol consumption is approximately 40 million litres per day.
A further breakdown of the in-country refining capacity shows that Dangote Refinery contributes an average of seven million litres while NNPC Ltd controls 1.2 million litres, bringing the total to 8.2 million litres.
Modular refineries are out of the picture as they only produce diesel for now. This means that only 20.5 per cent of the country’s petrol need is met through local refining, while the remaining 79.5 per cent or 31.8 million litres are imported.
At the moment, the Dangote refinery is producing about 30 million litres of petrol but only injects about seven million litres into the domestic market, a figure which increased by five million litres in October, up from its initial 25 million litres.
