FG issues fresh petrol import permits

The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, has approved fresh imports of petrol and diesel for the third quarter of 2026 (July – September) as authorities move to prevent potential supply shortages in the domestic market, according to a report by global energy intelligence firm Argus Media.

The report published on Tuesday, which cited regulatory and industry sources, said the latest approvals were issued to major downstream operators amid declining fuel stock levels and concerns over reduced gasoline production at the Dangote Petroleum Refinery.

The move comes as Nigeria continues to balance increasing local refining capacity with the need to guarantee adequate supplies of petroleum products across the country.

According to the Argus report, domestic firms including AA Rano, AYM Shafa, Bono Energy, Nipco, Matrix Energy and Pinnacle Oil received permits to import Premium Motor Spirit, popularly known as petrol, during the July-September period.

The publication further reported that the same companies, with the exception of Nipco, were granted approvals to import Automotive Gas Oil, commonly known as diesel. The fresh approvals follow an earlier batch of petrol import permits issued by the regulator in May, covering about 720,000 metric tonnes.

Quoting a regulatory source, Argus reported that many of the companies granted the latest approvals were among those that had received permits in previous rounds. “These are some of the same ones that previously received the PMS permits,” the source was quoted as saying.

According to sources cited by the publication, AA Rano and Matrix Energy each received approvals to import 180,000 metric tonnes of petrol. AYM Shafa received approval for 120,000 metric tonnes, while Pinnacle Oil received a permit covering 150,000 metric tonnes.

For diesel imports, Argus reported that AYM Shafa obtained a permit for 60,000 metric tonnes, while Pinnacle secured approval for 45,000 metric tonnes. The report stated that the import approvals were issued only recently after being delayed from an initial target date of June 15.

The report read, “The Nigerian Midstream Downstream Petroleum Regulatory Authority has issued clean product import permits for July to address supply shortages, according to sources. Domestic firms AA Rano, AYM Shafa, Bono, Nipco, Matrix and Pinnacle received gasoline import permits, while the same companies – minus Nipco – received gasoil import permits for the third quarter, sources said.

“The recipients are some of the same ones that [previously] received the PMS [gasoline] permits,” according to a regulatory source. A regulatory source quoted by the publication said the permits were approved to forestall projected supply gaps in the country’s fuel market.

“The permits were issued to head off projected shortfalls in supply”, the source said. “Issuance is still ongoing, so the final volume cannot be determined right now. But gasoline permits will likely be above 800,000T”, the source continued.

If achieved, the projected volume would exceed the total quantity approved under the second-quarter import programme. The approvals come at a time when fuel inventories are showing signs of tightening.

According to data referenced by Argus, petrol stock sufficiency in Nigeria declined by 1.7 days to 16 days in May, while diesel stock sufficiency dropped by eight days to 31 days during the same period. Such declines often prompt regulators to take precautionary measures to ensure uninterrupted supply across the country.

The report linked the reduction in stock levels to lower gasoline production at the Dangote Petroleum Refinery in Lekki, Lagos. According to figures cited by Argus, gasoline production at the refinery fell by 16 per cent to 44.7 million litres per day, while diesel production increased by four per cent to 24.5 million litres daily.