The removal of fuel subsidy by the Federal Government on May 29, 2023 has seen demands for petrol products dropping by 30 million litres (about 67 percent) from 44.6 million litres a day in August 2024 to 14.7 million litres by April 13, 2025.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, confirmed the latest figures on Tuesday, during an interactive session with State House Correspondents in Abuja.
The Chief Executive Officer, of NMDPRA, Farouk Ahmed, explained that local supply rose by 670 percent within that period.
He also clarified that after contributing virtually nothing in August, local plants delivered 26.2 million per day in early April, a jump from the 3.4 ml recorded in September, the first month with measurable output.
Ahmed equally disclosed that the Nigeria National Petroleum Corporation Limited, NNPCL, has not imported any litre of fuel since the beginning of 2025.
The NMDPRA boss credited the surge to the phased resuscitation of the Port Harcourt Refining Company in late November, as well as incremental volumes from modular refineries in the country.
Explaining further, he said despite the progress, combined supply crossed the government’s 50 ML/day consumption benchmark only twice in the eight-month window—November (56 ML) and February (52.3 ML).
In March it slipped just below target at 51.5 ML, and in the first half of April, it remained short at 40.9 ML.
He insisted that the Authority only grants imports licenses relative to the country’s supply requirements.
Ahmed also debunked fears that the volatility in the global oil market will adversely affect the national budget for 2025.
