Home Oil & Gas Nigeria imports 5.56b litres of petroleum in Q3 2018

Nigeria imports 5.56b litres of petroleum in Q3 2018

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Nigeria’s petroleum products imports in the Q3 of 2019 rose by 5 percent over the previous quarter to 5.56b litres from a previous 5.3b litres in the Q2

The National Bureau of Statistics, NBS, disclosed this in a recent report on “Petroleum Products Imports and Consumption (Truck Out) Statistics (Q3 2018)”. The report indicated that the country imported 4.37 billion litres of premium motor spirits (PMS), popularly known as Petrol and 873.72 million litres of automotive gas oil (AGO), or diesel in Q3’18. It also stated that, 312.71 million litres of household kerosene (HHK) and 212.80 million litres of aviation turbine kerosene (ATK) were imported into the country in Q3’18. A breakdown showed that, September 2018 recorded the highest volumes of petrol imports into the country at 1.59 billion litres while the highest volume of diesel and HHK, were imported in July and August 2018 respectively. Shell, ExxonMobil seek crude swap deals with Nigeria The report also showed that 4.52 billion litres of petrol, 1.02 billion litres of diesel, 168.42 million litres of HHK, and 189.21 million litres of ATK and 125.43 million litres of Liquefied Petroleum Gas (LPG) were distributed nationwide during the period. The importation was fuelled by the apparent poor state of Nigeria’s refineries. However, Nigeria National Petroleum Corporation, NNPC, had couple of months ago revealed that none of Nigeria’s four refineries worked up to 50 per cent of their capacity at any time during 2017.

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