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The Nigerian Midstream and downstream oil regulatory authority (NMDPRA) has revealed that the popular import of Premium Motorbike (PMS), called gasoline, has plummeted from 44.6 million liters per day in August 2024 to 14.7 million liters on April 13, 2025.
This is a decrease of about 30 ml, or 67 percent, according to the latest supply tracking by the agency.
The agency’s Chief Executive Officer, Farouk Ahmed, made this known on Tuesday, April 15, 2025 during the sixth edition of the Meet-The-Press Briefing series organized by the Presidential Communication Team at the ASO Rock Villa, Abuja.
According to Ahmed, local supply rose 670 percent in that period.
After contributing almost non -existent in August, the local factory produced 26.2 ml/day in early April, the jump of 3.4 ml recorded in September, the first month with measurable output.
Also read: CBN is worried about the impact of the forex level, the price of PMS on the Nigerian economy
He praised the surge for a gradual restart from Port Harcurt Refining Company at the end of November and for the additional volume of the modular refinery.
Apart from the progress, the combined supply across the benchmark for consumption of 50 ml/day of the government only twice in the window of eight months-November (56 ml) and February (52.3 ml).
In March it slipped right below the target at 51.5 ml, and in the first half of April, it remained short at 40.9 ml.
The Head of NMDPRA argues that authority only provides relative license imports to the country’s supply requirements.
By Babajide Okeowo
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