The National Bureau of Statistics (NBS) reports that 20.30 billion litres of premium motor spirit (PMS), generally petrol, were imported into Nigeria in 2023.
According to the report ‘Petroleum Products Distribution Statistics for 2023,’ released on Tuesday, the amount of PMS imported last year declined by 13.77 per cent compared to the 23.54 billion litres recorded in 2022.
The bureau said:
“In terms of imported products, 20.30 billion litres of Premium Motor Spirit (PMS) were imported in 2023 relative to 23.54 billion litres in 2022, showing a decrease of 13.77%.”
“In 2023, PMS truck out stood at 20.22 billion litres, indicating a 16.96% decrease relative to 24.35 billion litres recorded in 2022.”
The report stated that 109.39 billion litres of automobile petrol oil (AGO), popularly known as diesel, were produced locally in 2023.
According to NBS, this is a 6.76 percent increase over the 102.47 million litres reported in 2022.
NBS said:
“Also, 4.94 billion litres of Automotive Gas Oil were imported in 2023, indicating an increase of 23.66% compared to 4.00 billion litres in the previous year.”
“About 69.71 million litres of Household Kerosene (HHK) were locally produced in 2023 compared to 44.68 million litres in 2022, indicating a growth rate of 56.02% over the period.”
On September 21, President Bola Tinubu stated that Nigeria’s daily petrol usage had decreased to approximately 30 million gallons after eliminating subsidies.
Tinubu said that petrol subsidies would stop on May 29, 2023.