.MKKyari: No credible data on daily petrol consumption | Nigeria’s petrol being smuggled to Sudan | TheCable
Speaking in an interview with Channels Television on Thursday, Kyari said the NNPC only has data on the number of trucks that leave depots across the country with petrol.
The sudden change in the price of petrol was triggered by the declaration of President Bola Tinubu that the petrol subsidy regime has ended.The development had continued to elicit debate on the quantity of petrol consumed in the country. “I don’t think there is any credible data on consumption but there is credible data on evacuation from the depots. They are very distinct,” Kyari said.
“We assume that this is our consumption but we know that it might not be our consumption. We know that petroleum products are being smuggled out of the country.“We know how much we supply. There is data on this. Is all of this consumed in the country? The answer is no. The reason is very simple. We have an arbitrage environment. For instance: before this decision we made, fuel sells for N185 in Abuja, just across your border there is nowhere you have prices that are lower than N500 to a litre.
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