Audio By Carbonatix
Nigeria has suspended the issuance of gasoline import licences for a second straight month as regulators begin enforcing provisions of the Petroleum Industry Act (PIA) that allow imports only when the African country's domestic supply falls short.
Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) show that no import licences were issued in February, while the Crude Oil Refineries Association of Nigeria (CORAN) confirmed that none have been issued so far in March, signalling a shift towards prioritising local output.
This shift highlights a stronger intent by Nigerian authorities to protect domestic refining and marks a win for the Dangote Refinery, which last year sued the regulator and the state oil company to force a halt to imports.
Under the PIA, the regulator may grant import permits only when domestic production is not enough to meet national demand.
The previous regulator, who quit last year, argued that issuing licences was necessary to maintain competition and prevent market dominance.
Fuel pump prices have surged by more than 54% since the U.S. and Israel began strikes on Iran last week, pushing global oil markets higher. NMDPRA spokesperson George Ene‑Ita blamed the sharp rise in prices on escalating conflict in the Middle East.
Nigeria's average daily petrol consumption fell to 56.9 million litres per day in February 2026, down from 60.2 million litres in January.
In February, the Dangote Refinery supplied 36.5 million litres of petrol and 8 million litres of diesel to the local market. The regulator deemed these volumes sufficient, leading to its decision to withhold import licences.
Eche Idoko, spokesperson for the Crude Oil Refiners Association of Nigeria (CORAN), which has long urged the government to stop issuing import licences that undermine local refiners' margins, welcomed the regulator's stance.
"For us, anything that protects local production is a good move. The challenge now is to sustain the momentum," Idoko said.
Latest Stories
-
The World Cup and the new geography of belonging
46 minutes -
World Cup 2026: The Stars that were a kick away from a semi-final 16 years ago, arrive in USA not as standard-bearers
57 minutes -
Sky Train trial: $2m loss was caused by Covid-19, defence lawyers argue
1 hour -
Petrol prices set for sharpest drop in months as fuel costs fall from June 16
1 hour -
Vehicle pollution, a leading risk factor for death in Ghana both the children and working class
2 hours -
GNFS intensifies fire prevention campaigns in Eastern Region
2 hours -
Presidency cuts political appointees by 124, but compensation bill jumps 148% and staff classifications raise questions
2 hours -
Retirees benefit from 7th health screening of Lordina Foundation
2 hours -
Sogakope residents storm ECG office over alleged overbilling, poor service delivery
2 hours -
BoG extends registration deadline for money transfer operators
2 hours -
Esiama Market to become commercial hub of Ellembelle – Kofi Buah
2 hours -
Black Stars to depart Rhode Island for Toronto today ahead of Panama clash on Wednesday
2 hours -
Wenchi 24-Hour Market project takes shape
2 hours -
Suaman MP urges NPP members to rally behind Dr Bawumia for victory 2028
2 hours -
Auditors’ Court to be established to prosecute audit offences – Ato Forson
2 hours