The Nigerian Midstream and Downstream Petroleum Regulatory Authority has identified Bono, Pinnacle, AYM Shafa, Matrix, Rano, and Nipco as the companies approved to import petrol into Nigeria, providing clarity on its recent move to support supply stability in the downstream market.
The disclosure follows an earlier decision by the regulator to grant import permits to selected marketers, each expected to bring in about 30,000 metric tonnes of Premium Motor Spirit (PMS). The naming of the companies represents the latest development in that process.
The approvals come amid a shift in Nigeria’s supply structure, with the Dangote Petroleum Refinery and Petrochemicalsaccounting for a dominant share of domestic petrol supply in recent months. Industry data for February showed local refining volumes significantly outweighing imports, reflecting reduced dependence on foreign supply.
Market participants note that the introduction of additional importers is intended to provide alternative supply channels and improve distribution flexibility, particularly during periods of price volatility linked to global crude oil movements.
The measure also aligns with efforts to maintain supply continuity while the country transitions toward increased domestic refining capacity. Analysts say a combination of local production and controlled imports could help moderate price swings and support market stability.