downstream sector

Nigeria’s average daily petrol consumption stood at 41.5 million litres in August 2026, falling 8.5 million litres short of the 50 million litres daily benchmark, a review of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) August factsheet by Petroleumprice.ng has shown

Walter Smith and Aradel recorded the strongest operational performances among Nigeria’s modular refineries in August, with Walter Smith posting the highest average capacity utilisation and Aradel leading automotive gas oil (AGO) production, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Oil marketers have urged the Federal Government to extend the Nigerian National Petroleum Company (NNPCL) Limited’s 30-day petrol discount programme to 60 days and open participation to independent operators, arguing that the current arrangement could limit the policy’s reach and benefits for consumers.

Nigeria’s petrol landing cost has risen to ₦1,348.19 per litre, according to the latest MEMAN data dated October 12, 2026, as renewed military strikes heighten concerns over global oil supply and prices.

Dangote Petroleum Refinery and Petrochemicals FZE has reported a $4.73 billion net profit for the nine months ended September 30, 2026, reversing a $117.2 million loss recorded in the corresponding period of 2025 as higher refining throughput and stronger refining margins boosted earnings.

Dangote Petroleum Refinery has approached the Court of Appeal in Abuja for permission to challenge a Federal High Court judgment directing the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue issuing petroleum product import licences to Matrix Energy, AA Rano and AYM Shafa, even as the three marketers feature on the refinery’s newly released list of 37 approved consortium buyers for petrol supply.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given operators holding undeveloped oil and gas assets until October 31 to demonstrate compliance with their licence obligations, warning that failure to respond could trigger regulatory action, including licence revocation.

Fresh petroleum product movements are continuing across Nigeria’s coastal supply chain, with PMS, AGO and butane cargoes recorded at receiving terminals in Lagos, Warri and Port Harcourt in the latest West Africa Product Tankers Reports monitored by Petroleumprice.ng.

Dangote Petroleum Refinery supplied an average of about 50 million litres of petrol daily to Nigeria’s domestic market in the first half of 2026, as higher plant utilisation boosted production and strengthened the facility’s role in the country’s petroleum supply chain.

Depot owners in parts of Nigeria set their petrol prices at ₦1,350 per litre on Friday, October 9, following the Federal Government’s announcement of a proposed price cap on petrol landing or ex-gantry costs, although some depots in Warri continued to list the product at ₦1,360 per litre

The Dangote Petroleum Refinery is still compiling its final list of petroleum marketers to participate in its new consortium arrangement for Premium Motor Spirit (PMS) transactions, industry sources told Petroleumprice.ng

Nigerian fuel depot prices have begun climbing across key markets as renewed concerns over Middle East oil supplies pushed Brent crude above $105 per barrel, raising replacement-cost expectations for petroleum products

The Dangote Petroleum Refinery has approved 20 petroleum marketers under a new consortium arrangement for the purchase of Premium Motor Spirit, according to a communication circulated to marketers on October 8, 2026

Dangote Refinery has invalidate petrol sales transactions for customers whose PMS gantry deal recaps have not been backed by payment, according to a notice issued to its customers.

Techno Gas is currently discharging 5,000-metric-tonne Liquefied Petroleum Gas (LPG) cargo this week, further strengthening its capacity to serve Nigeria’s expanding cooking gas market.