19.26bn Litres Of Petrol Imported In 2019 – PPPRA
The Nigerian National Petroleum Corporation was responsible for 99.61 per cent of the total 19.18 billion litres of petrol that was imported into Nigeria in 2019, the Petroleum Products Pricing Regulatory Authority said on Wednesday.
A report on the breakdown of marketers’ performance showed that while the NNPC imported virtually all the petrol consumed in Nigeria last year, the Major Oil Marketers of Nigeria imported 0.39 per cent.
This means that a total of 19.26 billion litres of petrol was imported into the country in 2019.
The PPPRA stated that the total quantity of PMS supplied across the nation as of November 2019 was 18.62 billion litres, adding that the PMS average sufficiency stood at 40.68 days.
The Executive Secretary, PPPRA, Abdulkadir Saidu, in the report emphasised the need for enhanced private participation in the refining business and the revamping of the nation’s refineries for improved production.
He said 1,612 vessels laden with petroleum products docked in Nigerian waters in 2019.
The agency also stated that 166.33 million litres of PMS were produced locally in the same year.
“Other petroleum products imported into the country were 4,586,878,439 litres of Automotive Gas Oil; 128,110,313 litres of Household Kerosene; 951,769 084 litres of Aviation Turbine Kerosene; 306,791,987 litres of Base Oil; 125,561,557 litres of Bitumen and 45,980,957 litres of Low Pour Fuel Oil,” the report stated.
Saidu commended the efforts of some marketers at sustaining the continuous development of the sector despite the inherent global economic challenges.
“This is evident in the number of new facilities that emerged in the downstream sub-sector of the petroleum industry in 2019,” he stated.
He said the agency would continue to ensure transparency in the oil and gas value chain by making available data to strategic government agencies for adequate planning and decision making.
Saidu said the agency would also continue to collaborate with the NNPC and other oil marketing companies towards improving the regulatory environment as well as ensuring uninterrupted products availability.
