Nigeria’s Petrol Imports Rise By 1.18b Litres
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Latest data obtained from the Nigerian National Petroleum Corporation (NNPC) on Friday has shown that the nation’s petrol imports rose by 1.18 billion litres within two months.

NNPC, the sole importer of petrol since 2017, imported 916.51 million litres of petrol in March 2019.

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This number rose to 1.9 billion litres in April and climbed even further to 2.1 billion litres in May 2019.

A further look into the report showed the difference between the litres of petrol imported in May 2018 and May 2019 was 991 million litres.

On a yearly basis, the NNPC imported a total volume of 20.4 billion litres.

Some of the officials of the corporation attributed the surge in petrol importation between March and May 2019 to increase in consumption.

“This, of course, would mean more under-recovery for the NNPC, as this corporation is the supplier of last resort and has the task of ensuring that the country is wet with refined petroleum products, especially the PMS,” an official of the corporation said.