Petrol Imports Dropped By 3.58bn Litres In One Year, Says NBS

Importation of Premium Motor Spirit (PMS) also known as petrol dropped by 3.5 billion litres in the last year, data gathered from the National Bureau of Statistics (NBS) has shown.
In the latest petroleum products distribution statistics released by the agency on Tuesday, total petrol imports reduced to 20.30 billion litres in 2023 from the 23.54 billion litres recorded in 2022, showing a decrease of 13.77 per cent year-on-year.
NBS also noted that petrol imports dropped by 3.58 billion litres in the second half of 2023 compared to the year’s first half, it said the country imported 8.36 billion litres of Premium Motor Spirit (petrol) in first half of 2023, a significant decrease from the 11.94 billion litres imported marking a 29.99 per cent reduction.
A breakdown for the monthly volume of fuel imports in 2023 showed that 2.09 billion was brought in January, reduced to 1.99 billion in February, increased to 2.29 billion in March, 1.91 billion in April, and 2.01 billion in May.
It was 1.64 billion in June, 1.45 billion in July, 1.09 billion in August, 1.21 billion in September, 1.16 billion in October, 1.55 billion in November and 1.88 billion in December.