The amount spent on petrol imported into the country dropped by 42 per cent to N1.71tn in 2019, data obtained from the National Bureau of Statistics have shown. The N1.71tn represented 10.
75 per cent of the amount spent on all imported goods last year, compared to 2018 when petrol accounted for 22.4 per cent of total imports .
The Nigerian National Petroleum Corporation has been the sole importer of petrol into the country for more than two years, after private oil marketers stopped importing the commodity due to crude price fluctuations among other issues. The amount spent on petrol imports rose by 49.75 per cent to N2.95tn in 2018 from N1.97tn in 2017, according to the NBS data.Latest data from the NBS showed that the country imported a total of 4.87 billion litres of petrol in Q1 2019; 5.61 billion litres in Q2, and 5.09 billion litres in Q3.
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