It also said the total of fuel imports reduced to 20.30 billion litres in 2023 from the 23.
54 billion litres recorded in 2022, showing a decrease of 13.77 per cent year-on-year.
It said, “In 2023, PMS truck out stood at 20.22 billion litres, indicating a 16.
96 per cent decrease relative to 24.35 billion litres recorded in 2022.
“In terms of imported products, 20.30 billion litres of Premium Motor Spirit were imported in 2023 relative to 23.
54 billion litres in 2022, showing a decrease of 13.77 per cent.
These figures highlight the impact of the subsidy removal on the volume of petrol imported into the country.
The Minister of Information, Idris Mohammed, earlier said that Nigeria’s domestic consumption dropped by 50 per cent from two billion litres following the removal of fuel subsidy.
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