Nigeria imported 19bn litres of petroleum products in 2019

53


fuel pump…Refineries produced 166m litres of PMS

By Michael Eboh

The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, stated that Nigeria imported 19.18 billion litres of petroleum products in 2019, while the country’s refineries produced only 166.33 million litres of Premium Motor Spirit, PMS, also known as petrol, in 2019.

Senate says economy in danger, as FG spends N11trn on subsidy payment in 6 yrs

In a statement in Abuja, Executive Secretary of the PPPRA, Abdulkadir Saidu, noted that 18.62 billion litres of PMS was supplied in Nigeria in 2019.

According to Saidu, the total quantity of PMS supplied across the nation as at November 2019 was 18.62 billion litres and the PMS average sufficiency stood at 40.68 days.

He noted that 1,612 vessels laden with different petroleum products docked in Nigerian waters in 2019.

Saidu called for increased private participation in the refining business and the revamp of the country’s refineries for improved production and to…



Source: Vanguard Newspaper