The Nigeria Midstream and Downstream Petroleum Regulatory Authority has said that local refineries have contributed less than 50% of local consumption of Petroleum Motor Spirit (PMS) in Nigeria since January 2025.
This was disclosed by the Executive Director of Distribution Systems, Storage, and Retailing Infrastructure at the NMDPRA, Ogbugo Ukoha, on Wednesday.
Ukoha said Nigeria currently consumes about 50 million litres of PMS per day, but the agency has to grant import licenses to make up for the shortfall from local refineries.