HomeBusinessPetrol stocks drop as NMDPRA opens door for fresh fuel imports

Petrol stocks drop as NMDPRA opens door for fresh fuel imports

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The NMDPRA has approved new fuel import permits for major marketers for the July–September 2026 periodThe approvals cover imports of petrol and diesel to address tightening fuel supply and low stock levels in the countryPetrol reserves have dropped to about 16 days of cover, prompting efforts to stabilise supply through increased imports

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

Nigeria’s downstream petroleum regulator has issued new import permits to several major oil marketing companies, as worries increase over the country’s fuel supply situation.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) granted the approvals for the third quarter of 2026, allowing selected firms to import Premium Motor Spirit (PMS), commonly called petrol, as well as Automotive Gas Oil (AGO), known as diesel.

NMDPRA Approves Fresh Petrol Imports Licences as Nigeria’s Fuel Stocks Drop to Critical LevelsNipco, AA Rano, 5 other oil markets secure fuel import licences amid supply pressure
Source: Getty Images

The decision comes amid tightening

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