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Diesel Rises as Kerosene Importation Crashes,

More consumers of kerosene are now moving to gas while more consumers are moving to diesel from petrol according to industry analysis.

The importation of petrol increases time by time according to analysis.


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Fuel pumps

Nigeria may have recorded a significant shift in energy consumption pattern with the National Bureau of Statistics, NBS, data showing a massive drop in kerosene imports while a significant increase has been recorded in diesel import.

The volume of Premium Motor Spirit (PMS), otherwise known as petrol, importation rose marginally.

Industry analysts believe that more consumers of kerosene are now moving to gas while more consumers are moving to diesel from petrol.

The NBS’s Petroleum Products Imports and Consumption (Truck out) Statistics Report released yesterday showed that the volume of kerosene imported in the full year ended December 31, 2019, dropped by 76 per cent to 128.11 million from 537.6 million in 2018.

On the other hand diesel import, according to the report, rose by 21.7 per cent to 5.15 billion litres in 2019 from 4.23 billion litres in 2018. However, PMS recorded a marginal rise in import, which came higher by 3.7 per cent to 20.89 billion litres in 2019 from 20.14 billion litres in 2018.

Though this was the second consecutive YoY increase in PMS importation, the rate of increase has actually slowed against the significant 16.4 per cent rise in 2018.

The latest report stated: ”The Petroleum Products Importation Statistics for Full Year 2019 reflected that 20.89 billion litres of Premium Motor Spirit (PMS), 5.15 billion litres of Automotive Gas Oil (AGO), 128.11 million litres of Household Kerosene (HHK), 1.07 billion litres of Aviation Turbine Kerosene (ATK), 45.98 million litres of  Low Pour Fuel Oil (LPFO) and 526.06 million litres of Liquefied Petroleum Gas (LPG) were imported into the country in Full Year 2019.” 

“The NBS report further stated: “Zonal distribution of truck-out volume for Full Year 2019 showed that 20.58 billion of Premium Motor Spirit (PMS), 5.16 billion litres of Automotive Gas Oil (AGO), 270.22 million litres of Household Kerosene (HHK), 1.05 billion litres of Aviation Turbine Kerosene (ATK), 84.53m litres of Low Pour Fuel Oil (LPFO) and 734.21million of Liquefied Petroleum Gas (LPG) were distributed nationwide during the period under review.”

  Source: Vanguard

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