NBS: 17.31bn Litres of PMS Imported in 2017
Meanwhile, a total of 17.31 billion litres of petrol were imported into the country in 2017, the National Bureau of Statistics (NBS) has revealed in its Petroleum Products Import Statistics – 2017.
It also emerged that Nigeria imported approximately 22.5 billion litres of refined petroleum products in 2017.
Within the first three months of the year in review, Nigeria also spent $2.49 billion on the importation of refined petroleum products.
The report also showed that 4.28 billion litres of automotive gas oil (AGO) or diesel, 340.33 million litres of household kerosene (HHK), 592.73 million 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 premium motor spirit (PMS) imported into the country at 1.88 billion litres while the highest volume of automotive gas oil (AGO) and household kerosene (HHK) were imported in March and April 2017 respectively.
The petroleum products importation statistics also reflected state wide distribution of truck-out volume for 2017 showing that 18.36 billion litres of premium motor spirits (PMS), 4.75 billion litres of automotive gas oil (AGO), 944.39 million litres of household kerosene (HHK), 554.61 million litres of aviation turbine kerosene (ATK) and 127.42 million litres of low pour fuel oil (LPFO) were distributed nationwide during the period under review.
Nigeria is grossly challenged by refining capacity with 14 per cent average in-country refining capacity.
Kachikwu had said on Monday that the government was considering a new move that would have the multinational oil and gas firms build refineries in Nigeria.
He said in the not-toodistant future, multinational oil firms would no longer be allowed to ship out all the crude oil they produce in Nigeria, adding that emphasis would then shift to local processing of a substantial amount of crude oil that is produced from oil fields in the country.