Featured, Oil & Gas
By Anayo Ezugwu
THE National Bureau of Statistics, NBS, has said that Nigeria imported a total of 20.89 billion litres of petrol in 2019. The NBS said the federal government imported 5.15 billion litres of Automotive Gas Oil, AGO, and 128.1 million litres of Household Kerosene, HNK.
NBS in its executive summary report titled “Petroleum Products Imports and Consumption (Truck Out) Statistics” stated that in the period under review, the country imported 1.07 billion of Aviation Turbine Kerosene, ATK, 45.98 million litres of Lower Power Fuel Oil, LPFO, and 526.0 million of Liquefied Petroleum Gas, LPG.
According to the report, of the 20.89 billion litres, 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.
The statistics showed that the 17.3 billion litres of petrol imported in 2017 represented a four-year low. The NBS report also indicated that 5.15 billion litres of diesel, as well as 128.11 million litres of Household Kerosene, 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 percent slump in two years. However, in 2019, it rose to 5.15 billion litres, according to the NBS.
In the case of HHK, previous data showed that its importation increased to 537.6 million litres in 2018 after it had dropped for the fourth consecutive year to 340 million litres in 2017. The importation had increased by 58 percent year-on-year in 2018. Within the last five years to 2018, kerosene importation had declined by 82 percent.
In 2014, the total volume of kerosene imported was 2.93 billion litres, while it stood at 537.million litres in 2018, and in 2019, it was 128.11 million litres. According to the report, the zonal distribution of truck-out volume for 2019 further showed that 20.58 billion litres of petrol, 5.16 billion litres of diesel, 270.22 million litres of household kerosene, 1.05 billion litres of ATK, 84.53 million litres of LPFO and 734.21 million litres of LPG were distributed nationwide.
A further breakdown of the statistics indicated that the North-Central received a total of 87,606 trucks of petrol translating to over 3.67 billion litres, representing 17.87 percent of total import in 2019. The North-east got a total of 30,963 trucks with a combined volume of 1.40 billion litres, accounting for 6.81 percent of the total delivery.
The North-west received 80,240 trucks, which accounted for 3.65 billion litres of petrol, representing 17.77 percent of petrol import and distribution. The South-east received 51,424 trucks with 2.30 billion litres of petrol in 2019, representing 11.19 percent.
In addition, the South-south accounted for 83,100 trucks with a total of 3.29 billion litres of petrol, or 16.01 percent while the South-west took delivery of 170,464 trucks with 6.24 billion litres, representing 30.35 percent of truck-out volume for the year.
Annual petroleum import stood at 20.89 billion litres, while the daily average was estimated at 57.24 million litres for the year under review. There was a rise in petrol importation in 2018, after the previous four-year low of 17.3 billion low in 2017.
Diesel importation also declined for the second consecutive year in 2018 to 4.23 billion litres from 4.27 billion litres in 2017. Importation of diesel in 2016 was 4.6 billion litres. However, comparing a five-year historical growth trend in the importation of the commodity recorded a 22 percent increase in diesel importation between 2014 and 2018.
– May 22, 2020 @ 14:55 GMT |
Tags: Nigeria imported 20.89bn litres of petrol in 2019 – NBS
