The import volume of Premium Motor Spirit (PMS), otherwise known as
petrol, has increased marginally.
petrol, has increased marginally.
Nigeria may have seen a substantial change in the
trend of energy usage with the National Bureau of Statistics, NBS, with
evidence indicating a huge decrease in kerosene imports and a small rise in
diesel imports.
trend of energy usage with the National Bureau of Statistics, NBS, with
evidence indicating a huge decrease in kerosene imports and a small rise in
diesel imports.
Industry analysts believe that more consumers of
kerosene are now moving to gas while more consumers are moving to diesel from
petrol.
kerosene are now moving to gas while more consumers are moving to diesel from
petrol.
The NBS Petroleum Products Imports and Consumption
(Truck out) Statistics Report released yesterday showed that the volume of
kerosene imported in the full year ended 31 December 2019 decreased by 76% to
128.11 million compared to 537.6 million in 2018.
(Truck out) Statistics Report released yesterday showed that the volume of
kerosene imported in the full year ended 31 December 2019 decreased by 76% to
128.11 million compared to 537.6 million in 2018.
On the other hand diesel import, according to the report,
rose by 21.7 percent to 5.15 billion litres in 2019 from 4.23 billion litres in
2018.
rose by 21.7 percent to 5.15 billion litres in 2019 from 4.23 billion litres in
2018.
However, PMS recorded a marginal rise in import,
which came higher by 3.7 percent to 20.89 billion litres in 2019 from 20.14
billion litres in 2018. Though this was the second consecutive YoY increase in
PMS importation, the rate of increase has actually slowed against the
significant 16.4 percent rise in 2018.
which came higher by 3.7 percent to 20.89 billion litres in 2019 from 20.14
billion litres in 2018. Though this was the second consecutive YoY increase in
PMS importation, the rate of increase has actually slowed against the
significant 16.4 percent rise in 2018.
The latest report stated: The Petroleum Products
Importation Statistics for Full Year 2019 reflected that 20.89 billion litres
of Premium Motor Spirit (PMS), 5.15 billion litres of Automotive Gas Oil (AGO),
128.11 million litres of Household Kerosene (HHK), 1.07 billion litres of
Aviation Turbine Kerosene (ATK), 45.98 million litres of Low Pour Fuel Oil (LPFO)
and 526.06 milliom litres of Liquefied Petroleum Gas (LPG) were imported into
the country in Full Year 2019.
Importation Statistics for Full Year 2019 reflected that 20.89 billion litres
of Premium Motor Spirit (PMS), 5.15 billion litres of Automotive Gas Oil (AGO),
128.11 million litres of Household Kerosene (HHK), 1.07 billion litres of
Aviation Turbine Kerosene (ATK), 45.98 million litres of Low Pour Fuel Oil (LPFO)
and 526.06 milliom litres of Liquefied Petroleum Gas (LPG) were imported into
the country in Full Year 2019.
The NBS report further stated: the delivery of
truck volumes for the full year 2019 shows that 20.58 billion of Premium Motor
Spirit (PMS), 5.16 billion liters of Automotive Gas Oil (AGO), 270.22 million
liters of Household Kerosene (HHK), 1.05 billion liters of Aircraft Turbine
Kerosene (ATK), 84.53 million liters of Low Pour Fuel Oil (LPFO) and 734.21
million liters of Liquefied Petroleum Gas (LPG) were distributed nationwide during
the period under review.
truck volumes for the full year 2019 shows that 20.58 billion of Premium Motor
Spirit (PMS), 5.16 billion liters of Automotive Gas Oil (AGO), 270.22 million
liters of Household Kerosene (HHK), 1.05 billion liters of Aircraft Turbine
Kerosene (ATK), 84.53 million liters of Low Pour Fuel Oil (LPFO) and 734.21
million liters of Liquefied Petroleum Gas (LPG) were distributed nationwide during
the period under review.
