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Petrol importation dips by 3.29% in FH 2023 to 11.94bl

The National Bureau of Statistics (NBS) yesterday said the importation of Premium Motor Spirit (PMS) dipped by 3.29per cent in the First Half of 2023.

Its "First Half 2023 Petroleum Products Report," which made this disclosure noted that the from the 11.56 billion litres imported in the FH 2022, petrol importation decreased to 11.94 billion litres in FH 2023.

NBS said: "In terms of imported products, 11.94 billion litres of Premium Motor Spirit (PMS) were imported in the first half of 2023 relative to 11.56 billion litres in the corresponding period of 2022, showing an increase of 3.29per cent."

The Bureau also revealed that there 5.8per cent decline in the PMS petrol trucked out in the country in the First Half of 2023.

According to the bureau in its report titled the volume reduced from the 12.19 billion litres in the corresponding quarter of 2022 to 11.48 billion litres in FH 2023.

The report said, "In the first half of 2023, PMS truck out stood at 11.48 billion litres, indicating a 5.83% decrease when compared to 12.19 billion litres recorded in the first half of 2022."

NBS said in the first half of 2023, 26.07 million litres of Household Kerosene (HHK) were locally produced compared to 22.33 million litres in the first half of 2022, indicating a growth rate of 16.79% over the period.

It also noted that for  Automotive Gas Oil (AGO), 55.48 million litres were locally produced in the first half of 2023, higher, relative to 50.19 million litres reported in the corresponding period of 2022.

NBS said this shows a growth rate of 10.54per cent in the first half of 2023.

It added that also 2.83 billion litres of Automotive Gas Oil were imported in the first half of 2023, indicating an increase of 49.72per cent compared to 1.89 billion litres in the same period of 2022.