Nigerians spent N1.3 trillion on petrol in June, per NMDPRA figures. With average pump price at ₦905/L, refinery output stood at 15m L/day and depot supply at 35m L/day—highlighting demand surge
Nigerians spent N1.3 trillion on petrol in June, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed, as both domestic refinery output and depot distribution surged.
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According to a report delivered to the Federation Accounts Allocation Committee (FAAC), petrol sold in June at an average pump price of ₦905 per litre, with prices ranging between ₦885 and ₦925.
NMDPRA data reveals that ₦411.9 billion worth of petrol was dispatched directly from national refineries, while the remaining ₦891.9 billion came from depots.
Refinery off-take averaged approximately 15 million litres per day, while depot distribution hit 35 million litres per day.
Total off-take:
- Refineries: 455.2 million litres in June
- Depots: 985.6 million litres in June
This represents an 18.55% increase from May’s 1.22 billion litres.
Average daily supply:
- June: 48 million litres
- May: 54 million litres
Truck movements:
- May: ~37,000 trucks
- June: ~32,000 trucks
For automotive gas oil (diesel or AGO), June distributions dropped to 424 million litres from May’s 552 million litres.
Refineries supplied 54 million litres in June, while 370 million litres were sourced from depots.
The Nigerians spent N1.3 trillion on petrol in June story reflects rising energy demand and shifts in local fuel sourcing.
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As depots ramp activity and refineries rebuild capacity, supply dynamics remain central to pricing and availability.
Source: Read more at www.wikipedia.org
Peculiar Adirika is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.
