Refiners Move to Cut Petrol Imports – Landslide News
  • Latest
  • Trending
  • All
  • Business
  • Politics
  • Global
  • Lifestyle
  • Tech

Refiners Move to Cut Petrol Imports

January 21, 2026

Ronaldo’s Portugal Seal Confidence Boosting Win Over Nigeria

June 12, 2026

June 12: Tinubu Honours Democracy Heroes, Defends Reforms, Promises Prosperity

June 12, 2026

BREAKING: VDM Leads Protest at Ministry of Defence in Abuja Over Rising Insecurity

June 11, 2026
Screenshot

Mararaba Twin Flyover Construction Records Steady Progress

June 11, 2026

Emotions as Family, Friends Hold Service of Songs for Alexx Ekubo

June 11, 2026

EFCC Chairman: Governorship Aspirants

June 11, 2026

Legal Representatives of NDC Call on Okonkwo to Apologise and Withdraw Comments on Obi

June 11, 2026

NDC Does Not Sell Nomination Forms to the Highest Bidder, Says Dickson

June 11, 2026

Obi Drags Kenneth Okonkwo to Court Over Alleged Defamatory Claims

June 10, 2026

NEF Calls for National Security Emergency

June 10, 2026

2027 Polls: INEC Warns Parties on Nomination Deadlines

June 10, 2026

Obi Blames Tinubu for Nigeria’s N200tn Debt Burden

June 10, 2026
Landslide News
  • Home
  • Breaking News
  • Global
  • Business
  • Entertainment
    • Movies
    • Music
  • Fashion
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Advertise
Create a Channel
No Result
View All Result
Landslide News
  • Home
  • News Insights @ LandslideNews
  • Breaking News
  • Politics
  • Global
  • Business
  • Entertainment
    • Movies
    • Music
  • Fashion
  • Health
  • Lifestyle
  • Sports
  • Tech
  • Advertise

Refiners Move to Cut Petrol Imports

byRosemary Ani Pius
January 21, 2026
in Business
0

Nigeria’s domestic refining industry says it is now positioned to outpace fuel imports, arguing that local plants have enough installed capacity to meet national petrol demand if long-standing supply and regulatory challenges are addressed.

Industry operators under the Crude Oil Refiners Association of Nigeria (CORAN) say the country could significantly cut, or even eliminate, petrol imports as early as 2026. They insist that refineries within the country, including the Dangote Petroleum Refinery, are capable of supplying the domestic market without reliance on foreign products.

Figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) show that petrol imports still dominated Nigeria’s fuel supply in 2025. The regulator reported that total national petrol consumption for the year stood at about 18.97 billion litres, with imported products accounting for nearly two-thirds of that volume. Oil marketing companies brought in approximately 11.85 billion litres, while local refineries supplied just over 7.5 billion litres.

Despite the start of large-scale refining operations at the Dangote facility and increased output from modular refineries, the industry says production remains constrained. CORAN attributes the gap between capacity and actual output to limited access to crude oil rather than operational inefficiencies.

According to the association’s spokesperson, Eche Idoko, many refineries are operating far below their designed capacity because crude feedstock is either unavailable or inconsistent. He noted that some modular refineries produce only a fraction of their potential output, while others are forced to shut down for extended periods due to supply disruptions.

Idoko said the Dangote refinery, which has the capacity to process 650,000 barrels of crude per day, has at times operated at around 60 per cent utilisation. He added that other facilities, including Aradel, Waltersmith and Edo refinery, continue to source crude externally, further limiting their ability to scale production.

The CORAN spokesman expressed confidence that the situation could change rapidly if crude supply challenges are resolved. He explained that Nigeria’s peak petrol demand averages about 54 million litres per day, while the Dangote refinery alone is currently producing close to 50 million litres daily. Increased output from modular refineries, he said, would easily bridge the remaining gap.

Beyond crude availability, refiners are also seeking financial and policy support. Idoko noted that many refinery projects have struggled to secure funding from local financial institutions, leading to delays in expansion plans. He urged the Federal Government to establish a refinery development fund similar to existing incentives in the gas sector, which he said had helped stimulate investment.

Meanwhile, the Dangote refinery continues to expand its distribution capacity. The facility recently introduced night-time loading operations to sustain nationwide supply above 50 million litres per day. Company sources said the refinery currently has sufficient stock to meet domestic demand while still exporting to international markets.

Industry stakeholders maintain that with coordinated regulatory support, improved data transparency, and guaranteed crude supply, Nigeria could finally reverse its long-standing dependence on imported petrol and fully leverage its domestic refining capacity.

Rosemary Ani Pius

Rosemary Ani Pius

Related Posts

Screenshot

Mararaba Twin Flyover Construction Records Steady Progress

byBilkisu Kasim
4 days ago
0

  Construction work on the twin flyover project in Mararaba, Karu Local Government Area of Nasarawa State, is progressing steadily...

NERC Orders Compensation for Band A Consumers

byRosemary Ani Pius
2 weeks ago
0

The (NERC) Nigerian Electricity Regulatory Commission has unveiled a targeted relief initiative for qualifying Band A electricity consumers who suffered...

FG cancels $717m World Bank power loan amid blackouts

byRosemary Ani Pius
3 weeks ago
2

The Federal Government has withdrawn $717.7 million in undisbursed World Bank funding meant for Nigeria’s electricity reform programme, effectively ending...

Presidential Fleet Gulps N4.24bn in 6Months

byRosemary Ani Pius
1 month ago
0

Fresh disclosures from GovSpend, a platform that tracks public spending, show that no less than N4.24bn was released for the...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.