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Dike Onwuamaeze and Peter Uzoho
The Centre for the Promotion of Private Enterprise (CPPE) has raised concern over the surge in importation of petrol by 234 per cent within three months, from 5.9 million litres in May 2026 to 19.7 million litres in July 2026.
The CPPE said that available data from Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that average petrol import increased from 5.9 million litres per day in May 2026 to 18.1 million litres per day in June, which is a 206.8 per cent increase while the figures rose further to 19.7 million litres per day in July.
