Importation of Premium Motor Spirit also known as petrol dropped by 3.5 billion litres in the last year, data gathered from the National Bureau of Statistics, NBS, has shown.
In the latest petroleum products distribution statistics released by the agency, total petrol 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.
NBS also noted that petrol imports dropped by 3.58 billion litres in the second half of 2023 compared to the year’s first half.
It said the country imported 8.36 billion litres of Premium Motor Spirit (petrol) in first half of 2023, a significant decrease from the 11.94 billion litres imported in the second half of 2023, marking a 29.99 per cent reduction.
These figures highlight a drop in consumption across the country.
Similarly, the bureau stated that the volume of Automotive Gas Oil, also known as diesel imported into Nigeria, rose to 4.94 billion litres in 2023 from four billion litres in 2022.
