Nigeria’s petrol import hits 20.89bn in on year


  • Country’s statistics bureau unveils 2019 white products data


The importation of Premium Motor Spirit (PMS) popularly known as petrol into Nigeria, Africa’s biggest crude oil exporter, hit 20.79 billion litres in 2019.

The country’s data reservoir, National Bureau of Statistics (NBS), which declared this in its latest report on petroleum products importations statistics for 2019, maintained that the high volume of the product’s import was buoyed by inefficiency of local refining capacity.

The country, NBS noted,also imported 5.15 billion litres of Automotive Gas (AGO) known as diesel, and 128.11 million litres of Household Kerosene (HHK) known as kerosene in the period under review. Also, 1.07 billion littres of Aviation Turbine Kerosene (ATK) were imported as well as 45.98 million litres of Low Pour Fuel Oil (LPFO). It added that 526.06 million litres of Liquefied Petroleum Gas (LPG) cooking gas were imported into the country in the year under review.
The bureau noted that zonal distribution of truck-out volume for 2019 showed that 20.58 billion litres of PMS, 5.16 litres of AGO and 270.22 million litres of HHK, 1.05 billion litres of ATK and 84.53 million litres of LPFO were distributed nationwide.

A similar report by the Nigerian National Petroleum Corporation (NNPC) penultimate Tuesday showed that N2.6 trillion revenues were made from sale of the white products between February 2019 and February 2020. The NNPC subsidiary, Petroleum Products Marketing Company (PPMC), the corporation said also recorded N211.62 billion sale of white products in February 2020.

The February 2020 MFOR also indicated that total revenues recorded from the sales of white products for the period February 2019 to February 2020 stood at about N2.6 trillion, with petrol contributing about 98.06 per cent of the total sales value of about N2.5 trillion.

The report stated that about 1.7 billion litres of white products were sold and distributed by PPMC in the month of February 2020 compared with about 1.2 billion litres sold in January 2020. This comprised about 1.7 billion litres of PMS and 1.09 million litres of AGO.

Also, there was sale of 10,000 litres of special product, Low Pour Fuel Oil (LPFO) in the month.

Total sale and distribution of white products for the period February 2019 to February 2020 stood at about 21 billion litres and PMS accounted for 20.8 billion litres or 98.73 per cent. During the period under review, a total of 32 pipeline-points malfunctioned or were vandalized, representing about 47 per cent decrease from the 60 points recorded in January 2020.

These comprised 22 pipeline breaches, eightweld failures and two pipeline ruptures.

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