Nigeria’s Fuel Imports Hold Their Ground Despite Rise in Local Refining

Nigeria cannot import its way out of high petrol costs

Nigeria is no longer arguing about whether it can refine petrol. It is arguing about whether it should still import the same product now that a large local refinery exists. On one side are marketers, some officials, and a competition argument that says a cargo at the jetty keeps prices honest and low. On the […]

PIA Section 317: Why Nigeria Still Imports Petrol

What does Section 317 of the PIA mean for fuel imports? Explore import licences, local refining, backward integration and the 2026 court ruling.

Nigeria’s Fuel Imports Hold Their Ground Despite Rise in Local Refining

  EcofinAgency Report Nigeria’s growing refining capacity has reduced its reliance on imported fuel, but imports continue to play a role in keeping the domestic market supplied. A new court ruling reinforces that role at a time when the country is redefining the balance between local production and foreign supply. On September 28, the Federal [...]