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Nigeria’s Petrol Consumption Drops 15.7% to 4.2bn Litres as Fuel Prices Rise

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Nigeria’s Petrol Consumption Drops 15.7% to 4.2bn Litres as Fuel Prices Rise

28 Jul, 2026

Nigeria’s total petrol consumption dropped from 5.07 billion litres in Q1 to 4.27 billion litres in Q2 2026, representing a 15.7 per cent fall, amid rising pump prices induced by the US-Iran war, a THISDAY analysis of data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed. The official downstream performance statistics reflected the steady contraction in daily distribution volumes throughout the period, with 2026 beginning with a robust daily consumption average of 60.2 million litres in January......................….......READ MORE