NMDPRA approves new fuel import permits as petrol stocks drop to 16 days
By Aboki Forex —
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved fresh import permits for major oil marketers to bring in petrol and diesel for the July to September 2026 period.
The decision comes as the country's petrol reserves have fallen to about 16 days of cover, raising concerns over fuel availability.
Companies cleared for petrol imports include AA Rano, AYM Shafa, Bono, Matrix Energy, Nipco, and Pinnacle. For diesel, AA Rano, AYM Shafa, Bono, Matrix Energy, and Pinnacle were authorised.
AA Rano and Matrix Energy each received approval to import about 180,000 metric tonnes of petrol. Pinnacle was assigned 150,000 metric tonnes, while AYM Shafa got 120,000 metric tonnes.
On the diesel side, AYM Shafa was allocated 60,000 metric tonnes and Pinnacle 45,000 metric tonnes.
The NMDPRA is acting to stabilise supply as domestic output from major refineries remains low. Data from the regulator shows petrol stock sufficiency dropped to about 16 days in May, while diesel coverage stood at roughly 31 days.