FG weighs crude discounts, direct supply to refineries

The Federal Government is considering crude oil discounts and direct supply to refineries to address pricing and logistics challenges for domestic refiners

NUPRC says 53.7 million barrels of crude oil and condensate were supplied to local refineries between April and June 2026 under the Domestic Crude Supply Obligation (DCSO), representing 97.4 per cent compliance in the second quarter.

By Obas Esiedesa, Abuja ABUJA — Crude oil and condensate supply to local refineries rose by 88.4 per cent to 53.7 million barrels in the second quarter of 2026, Q2’26, from 28.5 million barrels in the first quarter, Q1’26, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has said. The commission, in its Q2