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

Lawan, APC Reject Suit Over Yobe Senate Primary

September 14, 2026

2027 Elections: Security Agencies Pledge Stronger Collaboration

September 14, 2026

King’s College: FG Workers Protest, Reject Concession Plan

September 14, 2026

Tinubu Converts EFCC-Recovered Property to NDPC Headquarters

September 14, 2026

Dangote Rings NGX Bell as N525 Refinery Public Offer Begins

September 14, 2026

Abia North 2027: Support Grows for Orji Kalu’s Re-election

September 14, 2026

African Players Deliver Big Performances Across Europe

September 14, 2026

Adamawa: Fintiri Declares Public Holiday as State Mourns Bamanga Tukur

September 14, 2026

Labour Party Disowns Arabambi Over Obi Credentials Suit

September 14, 2026

APC Primary Fallout: Desmond Elliot Apologises to Gbajabiamila

September 14, 2026

Nwifuru Dismisses Cubana Chief Priest

September 14, 2026

2027: Obi’s Media Office Lists 10 Areas Tinubu Govt Failed

September 14, 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

Diaspora Group Accuses Nigeria’s UK Mission of Extra Passport Charges

byCamela Obedu
7 days ago
0

A diaspora advocacy group, the Nigerians in Diaspora Civic Forum, has accused the Nigerian High Commission in the United Kingdom...

OPay Debunks Shutdown Rumour, Assures Customers Operations Will Continue

byVictory Amah
2 weeks ago
0

The fintech company said the viral message contained several indications that it did not originate from OPay. “OPay is not...

Kenya Airport Strike Leaves Hundreds Stranded as Flight Disruptions Enter Second Day

byVictory Amah
2 weeks ago
0

Hundreds of passengers have been left stranded at Jomo Kenyatta International Airport (JKIA) in Nairobi as flight disruptions continued for...

Alex Otti Urges Abia Women to Prioritise Family, Child Upbringing

byBilkisu Kasim
2 weeks ago
0

Abia State Governor, Alex Otti, has urged women across the state to remain committed to raising their children and strengthening...

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.