The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that Nigeria imported more than 19 billion litres of premium motor spirit (PMS), also known as petrol, in 2019.
PPPRA Executive Secretary, Abdulkadir Saidu, said in a report on Wednesday that the total quantity of PMS supplied across the nation as at November 2019 was 18,623,992,092 litres.
Saidu, in the report, said that 1,612 vessels laden with different petroleum products docked in Nigerian waters in 2019.
A breakdown of the import figures shows that the Nigerian National Petroleum Corporation (NNPC) was responsible for importing 99.61 per cent of the total while major oil marketers imported 0.39 per cent.
On the other hand, only 166,332,185 litres of petrol was produced locally in the same year.
The report indicated that other petroleum products imported into the country were AGO (diesel) 4,586,878,439 litres; HHK (kerosene) 128,110,313 litres; and ATK (aviation fuel) 951,769 084 litres.
Saidu said the agency would continue to ensure transparency in the oil and gas value chain by making available reliable data to strategic government agencies for adequate planning and decision making in the country.
The agency, he said, will also continue to collaborate with NNPC and other oil marketing companies towards improving the regulatory environment as well as ensuring uninterrupted products availability.
We pay for your stories! Do you have a story for Ships & Ports? Email us at [email protected] or call 0810 359 4873. You can also WhatsApp us here. We pay for videos too.