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Thursday, 21 May 2020

At 20.89bn Litres, Nigeria’s Petrol Imports Hit Six-Year High

Nigeria imported a total of 20.89 billion litres of petrol in 2019, the National Bureau of Statistics (NBS) stated Wednesday. Of this figure, the South-west took delivery of the highest number of trucks, 170,464 or 6.24 billion litres, while the least, 30,963 trucks or 1.4 billion litres went to the North-east. This figure represented a six-year high after the country had imported 20.14 billion litres in 2018, representing a five-year high. Statistics showed that the 17.3 billion litres of petrol imported in 2017 represented a four-year low. 

The NBS report, released yesterday, also indicated that 5.15 billion litres of diesel as well as 128.11 million litres of Household Kerosene (HHK) were imported within 2019. 

Diesel importation had declined for the second consecutive year in 2018 to 4.23 billion litres from 4.27 billion litres in 2017. In 2016, diesel importation was 4.6 billion litres, indicating a nine per cent slump in two years. However, in 2019, it rose to 5.15 billion litres, according to NBS.

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