By Funso Alarape
Wednesday February 21, 2024
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The National Bureau of Statistics says 11.94 billion litres of Premium Motor Spirit (PMS) also known as petrol were imported in the first half of 2023.
The NBS stated this in its Petroleum Products Distribution Statistics for Half Year 2023 released in Abuja on Wednesday.
The report said the figure of 11.94 billion liters of PMS reported in the first half of 2023 amounted to an increase of 3.29 percent compared to the 11.56 billion liters recorded in the first half of 2022.
It noted that 2.83 billion litres of Automotive Gas Oil (AGO) also known as diesel were imported in the first half of 2023.
“This indicates an increase of 49.72 percent compared to the 1.89 billion liters recorded in the first half of 2022.”
The report noted that PMS truck out stood at 11.48 billion liters in the first half of 2023, indicating a 5.83 percent decrease when compared to 12.19 billion liters recorded in the first half of 2022.
It said 26.07 million liters of Household Kerosene (HHK) were locally produced in the first half of 2023 compared to 22.33 million liters in the first half of 2022.
“The figure indicates a growth rate of 16.79 percent over the period. ”
For diesel, the report said that 55.48 million liters were locally produced in the first half of 2023, indicating a 10.54 percent increase compared to the 50.19 million liters recorded in the first half of 2022.
“This shows a growth rate of 10.54 percent in the first half of 2023 compared to the corresponding period in 2022,” the report said.
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