Business
Nigeria imported 5.56bn litres of petroleum products in Q3
Nigeria’s importation of refined petroleum products rose by five percent to 5.56 billion litres in the third quarter of 2018, Q3’18, from 5.3 billion litres recorded in the Q2’18.
report titled: “Petroleum Products Imports and Consumption (Truck Out) Statistics (Q3 2018)”.
The report indicated that the country imported 4.37 billion litres of premium motor spirits (PMS), popularly known as Petrol and 873.72 million litres of automotive gas oil (AGO), or diesel in Q3’18.
It also stated that, 312.71 million litres of household kerosene (HHK) and 212.80 million litres of aviation turbine kerosene (ATK) were imported into the country in Q3’18.
A breakdown showed that, September 2018 recorded the highest volumes of petrol imports into the country at 1.59 billion litres while the highest volume of diesel and HHK, were imported in July and August 2018 respectively.
Shell, ExxonMobil seek crude swap deals with Nigeria
The report also showed that 4.52 billion litres of petrol, 1.02 billion litres of diesel, 168.42 million litres of HHK, and 189.21 million litres of ATK and 125.43 million litres of Liquefied Petroleum Gas (LPG) were distributed nationwide during the period. The importation was fuelled by the apparent poor state of Nigeria’s refineries.
However, Nigeria National Petroleum Corporation, NNPC, had couple of months ago revealed that none of Nigeria’s four refineries worked up to 50 per cent of their capacity at any time during 2017.
-
Gist6 days ago
Couple Tragically Dies in Inverter Battery Explosion in Abakaliki, Leaving Behind 3-Year-Old Son
-
Niger Delta4 days ago
IYC: 12 Killed, Over 50 Injured as Violence Erupts Over Eastern Zone Election
-
Politics5 days ago
Breaking: APC candidacy threatened as Abuja Court summons Okpebholo for making false statements on oath
-
Entertainment6 days ago
‘I’m not looking for a rich man, all I need is a man who will love me, true love isn’t just about money as Nigerian ladies think’ – Tems
-
News7 days ago
Olukoyede Vows to Sanitise the Banking Sector
-
National3 days ago
NAFDAC Press Statement Against Christ Mercy Land Deliverance Ministry Incorrect
-
News7 days ago
Kogi Mourns The Passing Of Mr. Yunus Ustaz Usman SAN
-
Crime7 days ago
Court Jails Internet Fraudster in Enugu