NMDPRA says the country’s daily consumption of petrol is currently between 45 million and 50 million litres.
The Nigeria Midstream and Downstream Petroleum Regulatory Authority says the country’s daily consumption of premium motor spirit , also known as petrol, is between 45 million and 50 million litres.
Ahmed said petrol consumption usually increases in the fourth quarter, especially around the holiday season, due to a rise in industrial and consumer activities. that the petrol subsidy is gone — a development that immediately led to a hike in the cost of the commodity across the country.per day in June last year, from the average daily consumption of 65 million litres, largely due to the removal of subsidy.
According to the NMDPRA CEO, fewer, shared facilities could enhance efficiency and reduce costs for both businesses and consumers, as opposed to numerous underutilised private depots.“Collaborations or alliances among stakeholders will lead to greater efficiency and lower costs for consumers,” Ahmed said.
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