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Nigeria Imports 6.14bn Litres Of Fuel In Q2 2018

Nigeria cumulatively imported a total of 6.81 billion litters of the four products in Q1, while imports in Q2 fell by 670.91 million litters to 6.14 billion litters.

According to the NBS statistics, the country’s gasoline shipment fell by as much as nearly 16 percent in Q2 2018 as against the previous quarter. The data shows that petrol shipment declined by as much as 877.22 million litters to 4.79 billion litters in Q2, down from the 52.67 billion litters in Q1.

While import of household kerosene fell by 34 percent, from 66.91 million in Q1 to 43.79 million litters in Q2, a drop of about 231.24 million litters. import of aviation fuel rose by as much as 64 percent, the data showed.

Similarly, import of diesel rose from 954.47 million litters in the previous quarter to as much as 1.11 billion litters in Q2, according to the data.

A further analysis of the data showed that volumes of petrol products delivered to the 36 states dropped in the second quarter. It showed Lagos state, for example, received a total of 706.10 million litters of petrol in Q2, about 205.1 million litters lower than Q1’s volume of 911.30 million litters.

The data also showed that the highest volumes of petrol import was recorded in April 2018 with total imports of 1.78 billion litters, while the highest volume of diesel and kerosene were imported in June 2018, respectively at 408.15 million litters and 43.79 million litters.

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