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Nigeria’s fuel imports fall 9.8% quarter on quarter

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Nigeria’s cumulative fuel imports of premium motor spirits (PMS), automotive gas oil (AGO), household kerosene (HHK) and aviation turbine kerosene (ATK) fell by 9.8% quarter on quarter; statistics from Nigeria’s data body has shown.

While the most populous country in Africa cumulatively imported a total of 6.81 billion litters of the four products in first quarter of the year, imports in the second quarter fell by 670.91 million litters to cumulative total of 6.14 billion litters, according to Nigerian Bureau of Statistics (NBS).

Nigeria’s gasoline shipment fell by as much as nearly 16% in the second quarter of 2018 as against the previous quarter, newly released statistics from Nigeria’s data body, NBS shows.

Nigerian Bureau of Statistics’ data shows Nigeria’s PMS shipment declined by as much as 877.22 million litters to 4.79 billion litters in the second quarter of 2018, down from the 52.67 billion litters from the first quarter of the year.

Consequently, volumes of PMS products delivered to the 36 states according dropped as well. For instance, Lagos state, Nigeria’s largest city received a total of 706.10 million litters of PMS in the second quarter of the year, about 205.1 million litters lesser than previous quarter’s 911.30 million litters.

Although import of household kerosene (HHK) fell by 34%, import of aviation turbine kerosene (ATK) rose by as much as 64%, according to the data body.

The oil dependent economy’s household kerosene fell from 66.91 million in Q1 of the year to 43.79 million litters in Q2 of the year, a significant drop of about 231.24 million litters.

Conversely, import of automotive gas oil (AGO) rose from 954.47 million litters in the previous quarter to as much as 1.11 billion litters, according to the data body.

NBS data shows that April 2018 recorded the highest volumes of PMS shipments at 1.78 bln litters, while the highest volume of AGO and HHK were imported in June 2018, at 408.15 million litters and 43.79 million litters respectively.

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