(DDM) — The importation of Premium Motor Spirit (PMS), also known as petrol, by oil marketers surged sharply in March 2026, rising by about 96.7 per cent compared to February, according to new industry data.
The figures were released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which tracks fuel supply, distribution, and market activity across the country.
The report shows that despite improvements in local refining output and supply chain stability, fuel imports increased significantly within the period under review.
Industry analysts say the development highlights ongoing volatility in Nigeria’s downstream petroleum sector, where local production and import dependence continue to fluctuate.
They note that the rise in imports may be linked to supply gaps, distribution challenges, or pricing differentials between locally refined products and imported fuel.
The situation has raised fresh questions about Nigeria’s long-standing efforts to achieve energy self-sufficiency, particularly in the petrol market.
Stakeholders in the downstream sector argue that sustained reliance on imports undermines local refining investments and exposes the economy to global oil price shocks and foreign exchange pressures.
Energy experts also warn that inconsistent supply patterns could affect pump prices, transportation costs, and overall inflation trends in the coming months.
However, regulatory authorities maintain that ongoing reforms in the petroleum sector are aimed at stabilising supply and improving market efficiency over time.
They also emphasize that increased monitoring and policy adjustments are being implemented to balance domestic production with import needs where necessary.
The development comes amid continued attention on Nigeria’s energy transition strategy and efforts to strengthen local refining capacity through public and private sector investments.
Observers say the coming months will be critical in determining whether improved local supply can sustainably reduce dependence on imported petrol.
