Petrol Consumption Falls to 11.7bn Litres in Eight Months as Prices Rise

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Petrol Consumption Falls to 11.7bn Litres in Eight Months as Prices Rise

ABUJA — Nigerians consumed about 11.7 billion litres of petrol between January and August 2026, an average of 48.2 million litres a day, according to an analysis by ThisDay of fact sheets published by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Daily consumption fell from 60.2 million litres in January to a low of 35.7 million in July and 41.5 million in August. Over the same period, the average pump price in Lagos rose from N804.50 to N1,291.11 per litre. Capacity use at the Dangote refinery rose from 61 per cent in January to 105 per cent in August, while the Port Harcourt, Warri and Kaduna refineries produced no petrol. Petrol stocks covered 22.9 days of consumption in August, below the 30-day threshold.

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