Business A.M
No Result
View All Result
Saturday, May 30, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

Nigeria’s consumption of petrol declines 2.3% in 2017- statistics agency

by Admin
February 21, 2018
in Energy

Nigeria’s consumption of premium motor spirit (petrol) in 2017 declined by 2.3 percent in comparison with prior year, according to data released by the National Bureau of Statistics (NBS).

The NBS data indicate that total consumption of premium motor spirit (petrol) fell to 18.36 billion litres in 2017 from 18.8 billion litres in 2016, a decline of 0.44 billion litres.

Lagos State had the highest share of three billion litres, about 16.53 percent of total consumption in the period under review, while Yobe State had the least share of 0.16 percent (28.9 million litres).

Consumption in Kano ranked second at 7.4 percent (1.3 billion litres), followed by Niger at 6.07 percent (1.1 billion litres), while Abuja came in at fourth position with 5.07 percent (934.3 million litres).

The months of July and August recorded the highest level of consumption of the product at 1.878 billion litres for both months. On the other hand, November recorded the lowest at 886.3 million litres.

Diesel, another important petroleum product also recorded decline in consumption by 2.9 percent. The NBS reported that a total of 4.75 billion litres of automotive gas oil (diesel) was consumed in 2017 as against the 4.89 billion litres of diesel consumed in 2016.

However, kerosene consumption, which prior to 2017 has steadily declined, increased by 27 percent to 944.39 million litres, an increase of 230.6 million litres over the 713.79 million litres consumed in 2016. This is despite cooking gas gaining ground among households.

Lagos state also retains the highest share of diesel consumption in comparison with other states at 30.65 percent with 1.4 billion litres and kerosene consumption at 16.98 with 160.3 million litres. Yobe also retains its least position for both diesel consumption at 0.15 percent (6.96 million litres) and 0.02 percent (219,000 litres) for kerosene consumption.

Analysts say the increase in kerosene consumption may have to do with increased availability of the product and the issue of access to domestic gas especially in the rural areas, as well as concerns over management of gas as a household energy.

They, however, said that adoption of gas as a household energy would increase in the near to long term as availability improves and prices stable.

Admin
Admin
Previous Post

Planning for family business longevity in three steps

Next Post

London listed miners’ huge earnings, dividend payout revive shareholders’ confidence

Next Post

London listed miners' huge earnings, dividend payout revive shareholders’ confidence

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Investors pocket N216bn as market cap nears N90trn

NGX extends rally as investors gain N414bn in bullish close

May 29, 2026
Nigerian banks take surprising back seat at 2026 African Banker awards

Nigerian banks take surprising back seat at 2026 African Banker awards

May 29, 2026
ÀLKÉ Ball positions Africa for bigger role in global luxury economy

ÀLKÉ Ball positions Africa for bigger role in global luxury economy 

May 29, 2026
WEF economists make grim 2026 U-turn on global economic health

WEF economists make grim 2026 U-turn on global economic health

May 29, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Investors pocket N216bn as market cap nears N90trn

NGX extends rally as investors gain N414bn in bullish close

May 29, 2026
Nigerian banks take surprising back seat at 2026 African Banker awards

Nigerian banks take surprising back seat at 2026 African Banker awards

May 29, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M