Mon. Jun 24th, 2024

NNPC Imported 18bn Litres of PMs in 2019, PPPRA report says

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Anietie Udobit

Petroleum Products Pricing Regulatory Agency (PPPRA) report has shown that over 18 billion litres of Premium Motor Spirit (PMS), also called petrol, were supplied in Nigeria in 2019.

According to the Executive Secretary of the agency, Abdulkadir Saidu, in a report yesterday, the total quantity of PMS supplied across the nation as at November 2019 was 18,623,992,092 litres.

Saidu, in the report said 1,612 vessels laden with different petroleum products docked in Nigerian waters in 2019.

A breakdown of the import figures shows that the Nigerian National Petroleum Corporation (NNPC) was responsible for 99.61 per cent of the total 19,175,737,226 litres of petrol that was imported while Major Oil Marketers of Nigeria (MOMAN) imported 0.39 per cent in 2019.

On the other hand, only 166,332,185 litres of PMS was produced locally in the same year.

The report indicated that other petroleum products imported into the country are: AGO (diesel) 4,586,878,439 litres, HHK (kerosene) 128,110,313 litres; and ATK (aviation fuel) 951,769 084 litres.

The PPPRA helmsman commended the dogged 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 subsector of the petroleum industry in 2019.

Saidu reiterated that the agency will continue to ensure transparency in the oil and gas value chain by making available reliable data to strategic government agencies such as NEITI, CBN and NBS for adequate planning and decision making in the country.

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