\n The country\u2019s installed refining capacity now stands at 1.125 million barrels per day, although operational utilisation is 61.58 percent due to technical constraints and crude supply limitations.\n <\/p>\n
\n Four private and modular refineries, Dangote, Aradel, Edo, and Waltersmith, currently account for 467,000 bpd of active capacity.\n <\/p>\n
\n Fuel sufficiency improved modestly across several product categories in October 2025. National stock levels stood at 11 days for petrol, 38 days for diesel, 15 days for aviation fuel, 5 days for LPG, and 49 days for LPFO. Average indicative petrol prices ranged from \u20a6865.87 to \u20a6897.29 per litre, equivalent to $0.59\u2013$0.61 per litre at the prevailing exchange rate.\n <\/p>\n
\n Refinery rehabilitation remains mixed as the Port Harcourt refinery, which restarted operations in November 2024, shut down in May 2025 for maintenance. Warri refinery resumed briefly in December 2024 before a January shutdown, while Kaduna refinery remains under rehabilitation.\n <\/p>\n
<\/p>\n
\n Nigeria\u2019s gas sector also recorded significant activity, with total processing capacity at 17.2 billion standard cubic feet per day, though facilities operated at an average of 3.94 bscf\/day in October.\n <\/p>\n
\n The Presidential CNG Initiative continued to scale, with $0.99bn invested, 100,000 vehicles converted, and over 80,000 direct and indirect jobs created. Concessionary wholesale CNG pricing averaged $1.57 per MMBTU, supporting lower-emission transportation.\n <\/p>\n
\n The NMDPRA noted that the verified data highlights a sector \u201cstrengthening domestic production, reducing imports, and building a future-ready energy ecosystem,\u201d reinforcing confidence in Nigeria\u2019s long-term energy transition agenda.\n <\/p>\n","protected":false},"excerpt":{"rendered":"The country\u2019s installed refining capacity now stands at 1.125 million barrels per day, although operational utilisation is 61.58…\n","protected":false},"author":2,"featured_media":295986,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-295985","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/295985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=295985"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/295985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/295986"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=295985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=295985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=295985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}