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Nigeria’s Petrol Consumption Rises to 4.93 Billion Litres in Q1 2026

Nigeria’s petrol usage climbed to about 4.93 billion litres in the first three months of 2026, showing a 7.4% increase compared to the same period in 2025.

Data from the downstream petroleum sector shows that consumption was highest in January before gradually declining in February and March. The steady drop across the months suggests that demand weakened as the quarter progressed.

In January 2026, petrol use was at its peak for the quarter, but it fell in February and dropped further in March, reflecting reduced daily consumption levels across the country.

Analysts say the decline is linked to rising fuel prices and changing consumer behaviour in a deregulated market, where petrol costs now respond to global oil trends, exchange rates, and local refining conditions.

A comparison with 2025 shows mixed performance. While January and February 2026 recorded higher consumption than the same months last year, March 2026 fell below March 2025 levels.

Industry observers believe the March decline may signal growing pressure on consumers, including transport operators and households, who are beginning to cut back on fuel usage or explore alternatives.

Despite improved local supply from domestic refineries, affordability remains a key factor influencing demand. The trend highlights how sensitive fuel consumption has become to price changes in Nigeria’s open downstream market.

Experts expect petrol usage patterns to continue fluctuating in response to fuel prices, inflation, and broader economic conditions in the coming months.