The domestic supply of Premium Motor Spirit, commonly referred to as petrol, experienced a notable rise in November 2025, as reported by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

According to the data, daily supply increased by 37.7 percent to 23.52 million litres, up from the 17.08 million litres per day recorded in October.

The total amount of petrol imported into Nigeria also saw a substantial uptick during the same timeframe. Imports jumped by 80.27 percent, reaching 52.1 million litres daily, compared to 28.9 million litres in October. When combining both domestic and imported volumes, the average daily petrol supply for November totaled 71.5 million litres.

The NMDPRA explained the marked increase in supply figures for November. The agency attributed the rise to the unusually low delivery rates observed in September and October, which fell short of national demand levels. Additionally, the agency connected the supply increase to intentional efforts aimed at bolstering national stock levels in anticipation of the higher demand typically seen at year-end.

NMDPRA also outlined the strategic measures taken by NNPC Limited to stabilize inventory levels. The agency noted that the rise in imports by NNPC Limited, which serves as a supplier of last resort, was intended to enhance inventory levels throughout the country. It confirmed that twelve vessels originally set to unload their cargo in October had their operations pushed into November, thus increasing supply for that month.

The report also included information regarding the country’s petrol consumption and stock status for November. It estimated the average daily petrol consumption for the month at 52.9 million litres. Based on these supply figures, the reported national stock sufficiency was 16.65 days.

Regarding the country's refining capacity, the report provided an update on the refineries owned by NNPC Limited. It confirmed that "all four refineries owned by NNPC Limited remained inoperative, with no specified timeline for resuming operations."

This ongoing circumstance has led NNPC Limited to pursue collaborative solutions for the refineries. Last month, Bayo Ojulari, NNPC Limited’s Group Chief Executive Officer, stated that the company was actively looking for technical partners to co-manage the nation’s refineries.

Ojulari elaborated on the challenges involved in upgrading the refineries to a commercially viable standard. He indicated that, in addition to securing technical partnerships, significant improvements were necessary to ensure that the output of the refineries could meet modern product specifications. Speaking about the future quality of refined products, he noted: “By the time we complete the ongoing rehabilitation, the products from those refineries will still be of a significantly lower standard than those from the Dangote Refinery.”

The Group Chief Executive Officer emphasized the necessity for a comprehensive redesign to ensure competitiveness. He added, “It will fall short of current international specifications. So when I refer to ‘high grade,’ it implies that we aim to redesign for high grade so that the products we produce will comply with international standards and become commercially competitive. Achieving this requires some redesign.”