FG Says Local Petrol Output Hits 48m Litres Daily As Import Bill Drops

The Federal Government says Nigeria now produces about 48 million litres of petrol daily, a figure it links to higher local refining and lower dependence on imported fuel.

Special Adviser to the President on Oil and Gas, Olu Verheijen, gave the figure in a presentation at the Nigerian-British Chamber of Commerce Energy Day 2026 in Lagos.

Punch and Vanguard reported that a text of the presentation was made available by the News Agency of Nigeria on Tuesday.

According to the reports, Verheijen said petrol imports had fallen from about ₦2.3tn in the first quarter of 2025 to under ₦90bn a year later.

She tied the drop to local refining, saying fewer petrol cargoes now mean less pressure on foreign exchange demand.

She also said crude oil and condensate production averaged 1.64 million barrels per day in 2025, up by roughly 400,000 barrels per day since 2023. The figures are government claims and should be read as part of the Tinubu administration’s energy-sector scorecard.

Sources: Punch, Vanguard