Nigeria’s petrol importation inches closer to 12 billion liters in first half 2023, says NBS

Nigeria imported 11.94 billion litres of Premium Motor Spirit (PMS), commonly known as petrol, during the first half of 2023, fresh data from the National Bureau of Statistics (NBS) has shown.

In the report titled “Petroleum Products Distribution Statistics Half Year 2023” released on Wednesday, February 21, 2024, this represents an increase of 3.29% when compared to the 11.56 billion litres recorded in the same period of 2022.

In addition, the report highlighted that 2.83 billion litres of Automotive Gas Oil (AGO), also known as diesel, were imported during the period in review, marking a substantial 49.72% surge compared to the 1.89 billion litres in the corresponding period of 2022.