By Elizabeth Adegbesan
The National Bureau of Statistics (NBS) yesterday said that the volume of Premium Motor Spirit (PMS), known as petrol, imported into the country dropped by eight percent to 17 billion litres in 2017.
The volume of petrol imported in 2016 stood at 18.8 billion litres.
The Bureau disclosed this in its Petroleum Products Imports and Consumption (Truck In) Statistics report for 2017.
The report showed that the highest volumes of petrol (1.88 billion litres) were imported in July and August while 18.36 billion of PMS was distributed state-wide in the year under review.
The report stated: “The petroleum products importation statistics for 2017 reflected that 17.31 billion litres of PMS, 4.28 billion litres of automotive gas oil (AGO), 340.33 million litres of household kerosene (HHK), 592.73 billion litres of aviation turbine kerosene (ATK) and 15.61 million litres of low pour fuel oil (LPFO) were imported into the country in 2017.
“The months of July and August 2017 recorded the highest volumes of PMS imported into the country at 1.88 billion litres while the highest volume of AGO and HHK were imported in March and April 2017 respectively.
“State-wide distribution of truck-out volume for 2017 showed that 18.36 billion of PMS, 4.75 billion litres of AGO, 944.39 million litres of HHK, 554.61 million litres of ATK and 127.42 million litres of LPFO were distributed nationwide during the period under review.”
It would be recalled that the bureau report on Price of Petrol and Automotive Gas Oil watch for January, revealed that the average price paid by consumers for petrol increased by 28.4 percent year-on-year (YoY) and 11.1 percent month-on-month (MoM) to N 190.9 in January 2018 from N 171.8 in December 2017.
The average price paid by consumers for Automotive Gas Oil increased by 3.89 percent (MoM) and decreased by 5.89 percent (YoY) to N213.82 in January 2018 from N205.81 in December 2017.