The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has attributed the inability to supply domestic refineries the 61.9 million barrels of crude oil allocated to dispute over pricing.
Nigeria supplied 28.5 million barrels of crude oil to domestic refineries in the first quarter of 2026, falling significantly short of the 61.9 million barrels allocated for the period.
In its latest data on the enforcement of the Domestic Crude Supply Obligation (DCSO), the commission said while 61.9 million barrels of crude oil were allocated to domestic refineries for the quarter under review, producers collectively offered a higher volume of 68.7 million barrels.
However, neither the allocated volumes nor what producers offered were ultimately delivered to local refiners, which the Commission attributed to pricing disagreements between producers and domestic refiners.
Allocation of crude oil to local refineries is in accordance with the Petroleum Industry Act 2021, which was designed to guarantee feedstock supply to domestic refineries and reduce Nigeria’s dependence on imported petroleum products.
According to the Commission, a total of 61.9 million barrels was earmarked for domestic refining during the quarter, while producers indicated willingness to supply even more, with total offers rising to 68.7 million barrels.
“However, actual supply to local refineries was 28.5 million barrels, translating to a supply conversion rate of 36–46 per cent as of the end of the first quarter (Q1) 2026,” the statement reads in part.
For this quarter, Q2, NUPRC has allocated 55.1 million barrels, while oil producers have pledged 58.8 million barrels.
