By Our Reporter
ABUJA (PRECISE POST) – Nigeria exported Premium Motor Spirit (PMS), commonly known as petrol, worth ₦371.54 billion in the second quarter of 2025 — marking the country’s first recorded shipment of the fuel following the commissioning of the Dangote Petroleum Refinery.
The development represents a major milestone for Nigeria, which has long relied on petrol imports due to the underperformance of its state-owned refineries. The Dangote Refinery, Africa’s largest single-train refining complex, began operations earlier this year, catalyzing the shift.
According to data from the National Bureau of Statistics (NBS), petrol accounted for 1.63% of Nigeria’s total exports in Q2 2025. This is a significant turnaround compared to the previous quarter and the same period in 2024, when no petrol exports were recorded.
A breakdown of the trade data reveals that only ₦85.83 billion worth of petrol — about 23.1% of total exports — was sent to African countries, all within the Economic Community of West African States (ECOWAS). The bulk of the exports, 76.9%, went to destinations outside the continent, indicating strong early demand from markets in Asia and the Middle East.
The commencement of petrol exports positions Nigeria to potentially become a key player in the global refined fuel market, reshaping its trade dynamics and reducing its historical dependence on imported petroleum products.
