NBS: Petrol importation dropped to 20.30bn litres in 2023

NBS: Petrol importation dropped to 20.30bn litres in 2023

The National Bureau of Statistics (NBS) says 20.30 billion
litres of premium motor spirit (PMS), also known as petrol, was imported into
Nigeria in 2023.

 

In its ‘Petroleum Products Distribution Statistics for
2023,’ released on Tuesday, the report said the PMS imported last year
decreased by 13.77 percent compared to the 23.54 billion litres recorded in
2022.

 

“In terms of imported products, 20.30 billion litres of
Premium Motor Spirit (PMS) were imported in 2023 relative to 23.54 billion
litres in 2022, showing a decrease of 13.77%,” the bureau said.

 

“In 2023, PMS truck out stood at 20.22 billion litres,
indicating a 16.96% decrease relative to 24.35 billion litres recorded in
2022.”

 

For automotive gas oil (AGO), also known as diesel, the
report said 109.39 billion litres were locally produced in 2023.

 

NBS said the figure represents a 6.76 percent growth,
compared to 102.47 million litres reported in 2022.

 

“Also, 4.94 billion litres of Automotive Gas Oil were
imported in 2023, indicating an increase of 23.66% compared to 4.00 billion
litres in the previous year,” NBS said.

 

 “About 69.71 million
litres of Household Kerosene (HHK) were locally produced in 2023 compared to
44.68 million litres in 2022, indicating a growth rate of 56.02% over the
period,” NBS said.

 

On September 21, President Bola Tinubu said Nigeria’s daily
consumption of petrol reduced to about 30 million litres after subsidy removal.

 

Tinubu announced the end of petrol subsidy on May 29, 2023.

Source: NBS: Petrol importation dropped to 20.30bn litres in 2023

 - NigerianEye

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