Nigerians spend ₦2.5 trillion on petrol in one year

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Nigerians spend ₦2.5 trillion on petrol in one year
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The ₦211.62 billion was higher compared to the previous month’s record, which stood at ₦151.79 billion. Petrol Nigeria Revenue

Between February 2019 to February 2020, Nigerians spent ₦2.5 trillion on 20.8 billion litres of Premium Motor Spirit otherwise called petrol, Nigerian National Petroleum Corporation said yesterday.

The ₦211.62 billion was higher compared to the previous month’s record, which stood at ₦151.79 billion. Nothing less than 1.7 billion litres of white products were sold and distributed by PPMC in February 2020 compared with about 1.2 billion litres sold in January 2020, the financial sheet noted. In February, vandals punctured 32 pipeline-points, representing about 47 per cent decrease from the 60 points recorded in January 2020. Mosimi area accounted for 78 per cent of total cases, the Port Harcourt axis 16 per cent and all other routes accounted for the remaining six per cent.

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