FG records 20.89b litres of petrol in 2019

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FG records 20.89b litres of petrol in 2019
May 20, 2020

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The National Bureau of Statistics (NBS) on Wednesday said that the Federal Government imported into the country in 2019 was 20.89billion litres.

According to its executive summary of the report  titled “Petroleum Products Imports and Consumption (Truck Out) Statistics, Nigeria imported 5.15 billion litres of Automative Gas Oil (AGO), and 128.1million litres Household Kerosene (HNK).”

The report added that in the period under review, the country  imported 1.07billion of Aviation Turbine Kerosene (ATK) and 45.98million litres of Lower Power Fuel Oil (LPFO).

In 2019, said the NBS report, Nigeria imported 526.0million of Liquified Petroleum Gas (LPG).

The report disclosed that zonal distribution of truck -out volume for full year 2019 showed that 20.58 billion of  petrol and 5.16 litres of Automative Gas Oil ( AGO).

Nigeria, in the year under review, said the report, imported 270.22million litres of Household Kerosene (HNK) , 1.05billion litres of Aviation Turbine Kerosene (ATK) 84.53million litres of Low Pour Fuel Oil (LPFO).

NBS said 734.21million of LPG were distributed nationwide during the period under review.

The bureau noted that the data  was provided by the Petroleum Products and Pricing Regulatory Agency (PPPRA) and verified and validated by NBS.

It explained that volumes refer to products  discharged within a month and is based on actual quantities discharged during the month.

The NBS said “Average landing cost per month is the average landing cost (SVH) of the product during the period of discharge. The value of the product is estimated value based on the average landing cost of the product as at the month of discharge. Discharge Date-Date the product was received is the reference period of this report.”