Nigeria’s Petrol Import Rises 207% to 543m Litres in One Month, Puts Pressure on Naira

Nigeria’s Petrol Import Rises 207% to 543m Litres in One Month, Puts Pressure on Naira

Emmanuel Addeh in Abuja

Nigeria’s petrol import increased significantly from 5.9 million litres per day in May to 18.1 million litres per day in June, representing a 207 per cent rise, compared to the previous month, according to the latest industry data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

This development has effectively put pressure on the naira as the demand for foreign exchange by marketers increased correspondingly.

An analysis of the NMDPRA fact sheet indicated that the country’s petrol import rose sharply from a total of 182.9 million in May 2026 to 543 million litres in June.