‘Nigeria spent N20.2tr on fuel importation in five years’

‘Nigeria spent  N20.2tr on fuel importation in five years’
February 01 03:31 2016

Nigeria spent N20.2 trillion to import petrol, diesel and kerosene between January 2010 and September 2015.

According to figures jointly compiled and released by the Nigerian Bureau of Statistics (NBS) and the Petroleum Products Pricing Regulatory Agency (PPPRA), N12, 529, 746, 397, 978. 48 was spent on the importation of 102,374,588,480.91 litres of petrol also known as Premium Motor Spirit (PMS).

An amount of N6,450,576,065,479.43 was spent to import 16,679,065,103 litres of diesel, otherwise called Automotive and Gas Oil (AGO).

Between January 2012 and September 2015, N1,271,500,290,241 was spent on the importation of 9,448,409,070 litres of kerosene, also known as Dual Purpose Kerosine (DPK).