Friday, 5 May 2017

Nigeria imports N567bn worth of petrol in 1st quarter 2016 – NBS

Nigeria imports N567bn worth of petrol in 1st quarter 2016 – NBS

The National Bureau of Statistics (NBS) said Nigeria imported 4.05 billion litres of Premium Motor Sprit (PMS) popularly known as petrol valued at N566.96 billion in first quarter of 2017.
The NBS gave the figure in “Petroleum Products Import Statistics for Ist quarter 2017’’ released by the bureau on Thursday in Abuja.
The bureau stated that data reflected that 4.05 billion litres of PMS, 1.31 billion litres of Automotive Gas Oil (AGO) and 41.06 million litres of Household Kerosene (HHK) were imported in the quarter.
It stated that the products imported valued at N566.96bn, N187.56bn and N5.92bn for PMS, AGO and HHK.

“The month of March 2017 recorded the highest volumes of PMS and AGO imported into the country at 1.63 billion and 504.59 million litres.
“PMS and AGO valued at N218.88 million and N70.28 million respectively.
“The highest monthly volume of HHK was imported in the January 2017 with 27.82 million litres valued at N4.07 billion.’’
According to the bureau, state wide distribution of truck-out volume for the quarter showed that 4.81 billion of PMS was distributed in the quarter nationwide.
It stated that the state wide distribution of truck-out volume showed that 1.31 billion litres of automotive gas oil (AGO) and 236.43 million litres of household kerosene (HHK) were also distributed nationwide.

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