The National Bureau of Statistics has stated that Nigeria recorded a reduction in petrol importation following President Bola Tinubu’s removal of the fuel subsidy in May 2023.
It also said the total fuel imports decreased to 20.30 billion litres in 2023 from the 23.54 billion litres recorded in 2022, showing a decrease of 13.77 percent year-on-year.
The agency disclosed this in the latest petroleum products distribution statistics released on Tuesday, noting that petrol imports dropped by 3.58 billion litres in the second half of 2023 compared to the first half of the year.
It said the country imported 8.36 billion litres of Premium Motor Spirit (petrol) in H2 (first half) of 2023, a significant decrease from the 11.94 billion litres imported in H1 2023, marking a 29.99 per cent reduction.
It said, “In 2023, PMS truck out stood at 20.22 billion litres, indicating a 16.96 per cent decrease relative to 24.35 billion litres recorded in 2022. “In terms of imported products, 20.30 billion litres of Premium Motor Spirit were imported in 2023 relative to 23.54 billion litres in 2022, showing a decrease of 13.77 per cent.”
