Nigerias Fuel Imports Hit Record 2.3bn Litres Amid Local Production Efforts

Nigeria's fuel imports total 2.3 billion litres, defying expectations that local production would alleviate demand since two major refineries began producing petrol in the last three months. Oil marketers continue to distribute imported fuel nationwide.

Nigeria's fuel imports have reached a record high of 2.3 billion litres despite the recent commencement of petrol production by two major refineries in the country. The development comes as oil marketers continue to meet demand nationwide through both local production and imports. The increase in fuel imports is largely attributed to the fact that these new refineries are still ramping up their production capacity, leaving a significant gap in meeting domestic demand for petroleum products. As a result, the nation continues to rely heavily on imported fuel to sustain its transportation sector.