“Nigeria Imported 6billion Litres of Petrol in 2015” – NNPC

The Nigerian National Petroleum Corporation, NNPC, imported 6.2bn litres of premium motor spirit (PMS) popularly known as petrol in 2015.

The imports were made through the Offshore Processing Arrangements (OPA), a system whereby NNPC allocates more than 200,000 barrels of crude oil to another party who would refine abroad and then return the refined products to NNPC.

NNPC, in its financial and operations report for 2015, revealed that a total of 7.7bn consisting 6.2bn litres of PMS and 1.5bn litres of dual purpose kerosene were imported into the country last year.

The highest imports for the year were in March and December when the corporation imported close to 1 billion litres of PMS to quell the scarcity that hit the country at those periods.

The report revealed that a total 977m litres of PMS was imported in December, while 928m litres was shipped to Nigeria in March.