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NBS says Nigeria imports 11.94 billion litres of petrol in first half of 2023

2.83 billion litres of Automotive Gas Oil (AGO) also known as diesel was imported in the first half of 2023.

NBS says Nigeria imports 11.94 billion litres of petrol in first half of 2023 [FIJ]

The NBS stated this in its Petroleum Products Distribution Statistics for Half Year 2023 released in Abuja on Wednesday. The report said the figure of 11.94 billion litres of PMS reported in the first half of 2023 amounted to an increase of 3.29% compared to the 11.56 billion litres recorded in the first half of 2022.

It noted that 2.83 billion litres of Automotive Gas Oil (AGO) also known as diesel were imported in the first half of 2023.

This indicates an increase of 49.72% compared to the 1.89 billion litres recorded in the first half of 2022.”

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The report noted that PMS truck out stood at 11.48 billion litres in the first half of 2023, indicating a 5.83% decrease when compared to 12.19 billion litres recorded in the first half of 2022. It said 26.07 million litres of Household Kerosene (HHK) were locally produced in the first half of 2023 compared to 22.33 million litres in the first half of 2022.

“The figure indicates a growth rate of 16.7% over the period.”

For diesel, the report said that 55.48 million litres were locally produced in the first half of 2023, indicating a 10.54% increase compared to the 50.19 million litres recorded in the first half of 2022.

“This shows a growth rate of 10.54% in the first half of 2023 compared to the corresponding period in 2022,” report said.

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