Petrol Price Surged By 64% In One Year — NBS Report

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Naijanews Today 4:55 p.m.

Petrol Price Surged By 64% In One Year — NBS Report

The report highlights that total petrol imports fell from 23.54 billion litres in 2022 to 20.30 billion litres in 2023, representing a year-on-year decline of 13.77%.

Notably, the second half of 2023 saw a sharp decrease in imports, with 8.36 billion litres imported compared to 11.94 billion litres in the first half, marking a 29.99% reduction.

According to the latest petroleum distribution figures released by the agency, petrol imports decreased by 3.58 billion litres between 2022 and 2023..

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