0 Shares 66 Views

Petrol Imports to Nigeria Decrease by 13.77% – NBS

gisthub Oct 02, 2024
0 67

The import of Premium Motor Spirit (petrol) into Nigeria fell by 13.77 percent to 20.30 billion liters in 2023, down from 23.54 billion liters in 2022, according to the National Bureau of Statistics.

“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.

This decline followed the fuel subsidy removal policy introduced by President Bola Ahmed Tinubu’s government in May 2023.

The distribution of petrol also decreased by 16.96 percent to 20.22 billion liters from 24.35 billion liters in the previous year.

“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.”

Additionally, 4.94 billion liters of Automotive Gas Oil (AGO), also known as diesel,  were imported in 2023, marking a 23.66 percent increase.

“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.

Following the subsidy removal, petrol prices surged from N238 per liter to over N600, with pump prices in September 2024 reaching between N950.22 and N1,100 per liter as domestic production began at the Dangote Refinery on September 15, 2024.

You may be interested

Military Kills 1,770 Terrorists, Arrests Over 3,000 In North-West – CDS
Government
0 shares21 views

Military Kills 1,770 Terrorists, Arrests Over 3,000 In North-West – CDS

gisthub - Apr 25, 2025

  The Chief of Defence Staff, General Christopher Musa, has disclosed that the Nigerian Armed Forces neutralised at least 1,770 terrorists and arrested…

Bloom PFM earns ISO certification
General
0 shares25 views

Bloom PFM earns ISO certification

gisthub - Apr 25, 2025

Bloom PFM, a Nigerian facility management firm, has earned the ISO 9001:2015 certification, marking a significant step in its pursuit of quality and…

Kenyan Woman Shot Dead By Her Babydaddy After Domestic Squabble In The US
Crime
0 shares19 views

Kenyan Woman Shot Dead By Her Babydaddy After Domestic Squabble In The US

gisthub - Apr 25, 2025

A tragic incident occurred in the United States on Tuesday, April 22, 2025, when Hulda Bochere Mosiori, a 42-year-old mother of four from…

Leave a Comment

Your email address will not be published.

Most from this category