Nigeria’s domestic supply of Premium Motor Spirit (PMS), commonly known as petrol, increased significantly to 78.6 per cent in the first half of 2026, up from 38.9 per cent recorded in 2025, reflecting a major shift towards greater reliance on locally supplied fuel.
The latest figures indicate that a larger share of the country’s petrol demand is now being met through domestic sources, reducing dependence on imported products and supporting ongoing reforms aimed at strengthening Nigeria’s downstream petroleum sector.
The increase comes amid continued efforts to boost local refining capacity and improve the availability of petroleum products across the country. Brandspur Banking News Desk reports that the rising contribution of domestic supply is expected to enhance energy security, improve supply chain efficiency and reduce pressure associated with fuel imports.
The development aligns with the Federal Government’s broader objective of expanding local refining and ensuring a more sustainable fuel supply system following reforms introduced in the downstream oil and gas industry. Increased domestic availability of petrol is also expected to strengthen market stability and support the long-term growth of Nigeria’s energy sector.
Industry stakeholders have consistently identified local refining as a critical factor in reducing import dependence, conserving foreign exchange and improving the resilience of the nation’s fuel distribution network. The latest improvement in domestic petrol supply represents further progress towards achieving those objectives as Nigeria continues to expand its refining capacity in 2026.
