Nigeria’s petrol imports dropped by 3.58 billion liters after subsidy removal – Bureau of Statistics
…Diesel increased by 23.66%: NBS
Petrol trucks outstood at 20.22 billion litres in 2023, indicating a 16.96 per cent decrease, compared to 24.35 billion litres recorded in 2022
A report by the National Bureau of Statistics (NBS) has shown that Nigeria recorded a reduction in petrol importation following the ‘removal of fuel subsidy’ by President Bola Tinubu in May 2023.
According to the NBS, 20.30 billion litres of Premium Motor Spirit (PMS), also known as petrol, was imported in 2023.
The statistic bureau stated this in its Petroleum Products Distribution Statistics for 2023, released on Tuesday.
According to the latest petroleum products distribution statistics report of the National Bureau of Statistics (NBS), petrol imports dropped by 3.58 billion litres in the second half of 2023.
The report showed that the figure of 20.30 billion litres of petrol reported in 2023 amounted to a decrease of 13.77 per cent compared to the 23.54 billion litres recorded in 2022.
For automotive gas oil (AGO), also known as diesel, the report said 4.94 billion litres were imported in 2023.
“This indicated a 23.66 per cent increase compared to the 4.00 billion litres recorded in 2022,” NBS said.
The report noted that petrol trucks outstood at 20.22 billion litres in 2023, indicating a 16.96 per cent decrease, compared to 24.35 billion litres recorded in 2022.
It said 69.71 million litres of Household Kerosene (HHK) were locally produced in 2023 compared to 44.68 million litres in 2022.
“The figure indicates a growth rate of 56.02 per cent over the period,” the bureau added.
For diesel, the report showed that 109.39 million litres were locally produced in 2023, indicating an increase of 6.76 per cent compared to the 102.47 million litres recorded in 2022.
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