Economics
Will Nigeria's petrol imports fall below 5 million litres a day in any month of 2028?
Will Nigeria's petrol imports fall below 5 million litres a day in any month of 2028?
- Yes50%
- No50%
Recent reports show Nigeria's petrol imports declining sharply—falling between 26% and 59%—as domestic refining output expands and Dangote operates at high capacity. However, ongoing import reliance persists due to Dangote refinery export volumes and constraints in domestic crude supply to local plants.
- YesPoints toward
Local petrol output surpassed 12 billion litres over 13 months, with multiple reports indicating daily petrol imports have already fallen by 26% to 59% as domestic refining bridges fuel demand.
Dangote Refinery is reportedly operating above full capacity at 736,470 barrels per day, while the government continues plans to revive additional domestic refineries.
- NoPoints toward
Nigeria still logged 7.67 billion litres in petrol imports over a 13-month span, and total domestic fuel supply fell 23% as Dangote refinery exports rose.
Domestic crude deliveries to local refineries fell 6.3% to 15.97 million barrels, forcing indigenous refiners to rely on importing 30.66 million barrels of crude over nine months.
AI summary of 25 news stories, updated 6 hours ago. It can make mistakes — check the sources.
Nigeria imported almost all its petrol before Dangote started up. Whether domestic refining actually displaces imports, rather than exporting instead, is the open question.