Nigerians Defy Rising Petrol Prices As Daily Consumption Hits 52.4 Million Litres

Nigerians Defy Rising Petrol Prices As Daily Consumption Hits 52.4 Million Litres Nigeria’s daily consumption of Premium Motor Spirit PMS, commonly known as petrol, rose significantly in April 2026 despite continued increases in global oil prices and domestic fuel costs. According to latest industry data, national petrol consumption climbed by 10.78 per cent to an average of 52.4 million litres per day, highlighting sustained demand for fuel across the country.The increase comes at a time when Nigerians are grappling with higher fuel prices following subsidy removal and fluctuations in international crude oil markets. Analysts say the surge in consumption reflects Nigeria’s heavy dependence on petrol-powered transportation, electricity generators and commercial activities, especially amid persistent challenges in power supply. Industry observers note that even as pump prices remain elevated, economic activities, inter-state travel and logistics operations continue to drive strong fuel usage nationwide.Data from petroleum market stakeholders indicate that the country still relies heavily on imported refined petroleum products to meet domestic demand, despite ongoing efforts to boost local refining capacity. Energy experts argue that rising consumption underscores structural issues within Nigeria’s energy sector, including limited mass transit alternatives and insufficient electricity generation, forcing households and businesses to depend on petrol. The growing demand for PMS may exert additional pressure on foreign exchange reserves due to import requirements, while also affecting inflation through transportation and production costs. Economists warn that unless alternative energy sources and public transport systems improve, fuel consumption levels are likely to remain high regardless of price increases. Authorities have continued to promote reforms aimed at encouraging local refining, expanding gas utilisation and supporting renewable energy adoption as part of broader efforts to reduce reliance on imported fuel.

Stakeholders believe that improving domestic refining output and stabilising energy infrastructure could help moderate fuel consumption growth and ease long-term economic pressures.