Petrol importation falls 12% to 20.29 billion litres

Oct. 1, 2024 - Vanguard

*As truck out declinesBy Elizabeth AdegbesanThe volume of Premium Motor Spirit, PMS, also called petrol fell year-on-year (YoY) by 12.6 percent to 20.

29 billion litres in 2023 from 23.24 billion litres in 2022.

NBS said: “In 2023, PMS truck out stood at 20.22 billion litres, indicating a 16.

96% decrease relative to24.35 billion litres recorded in 2022.

“For AGO, 109.39 million litres were locally produced in 2023, higher, compared to 102.

47 million litres reported in 2022. “ In terms of imported products, 20.

30 billion litres of PMS were imported in 2023 relative to 23.54 billion litres in 2022, showing a decrease of 13.

77 percent. •Also, 4.

94 billion litres of Automotive Gas Oil were imported in 2023, indicating an increase of 23.66 percent compared to 4.

00 billion litres in the previous year.”..