A report from the Petroleum Products Pricing Regulatory Agency, PPPRA, shows that Nigeria imported 19.18 billion litres of petroleum products in 2019, while the country’s refineries produced only 166.33 million litres of Premium Motor Spirit, PMS, also known as petrol, in 2019.
Executive Secretary of the PPPRA, Abdulkadir Saidu, noted that 18.62 billion litres of PMS was supplied in Nigeria in 2019.
According to Saidu, the total quantity of PMS supplied across the nation as at November 2019 was 18.62 billion litres and the PMS average sufficiency stood at 40.68 days.
He noted that 1,612 vessels laden with different petroleum products docked in Nigerian waters in 2019.
Saidu called for increased private participation in the refining business and the revamp of the country’s refineries for improved production and to stem the tide of fuel import into the country.
He said, “A breakdown of marketers performance shows that the Nigerian National Petroleum Corporation (NNPC) was responsible for 99.61 per cent of the total 19.18 billion litres of petrol that was imported, while Major Oil Marketers of Nigeria (MOMAN) imported 0.39 per cent in 2019.
On the other hand, 166.33 million litres of PMS was produced locally in the same year.
“Other petroleum products imported into the country are 4.59 billion litres of Automotive Gasoline Oil, AGO; 128.11 million litres of Household Kerosene, HHK; 951.77 million litres of Aviation Turbine Kerosene, ATK; 306.79 million litres of Base Oil; 125.56 million litres of Bitumen and 45.98 million litres of Low Pour Fuel Oil, LPFO.” Saidu disclosed
