Petrol consumption drops by 8.14% to 55.99m/d in August


LUPAN petitions FG over PPPRA’s imposition of N1.23K administrative charge on base oil

By Obas Esiedesa, Abuja

Daily premium motor spirit (petrol) consumption dropped by 8.14 percent to 55.99 million litres in August from 60.55 million litres in July, the Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed.

PPPRA General Manager, Corporate Services, Kimchi Apollo in a statement yesterday said total petrol supply for the month of August was about 1,735,624,740 litres.

Mr. Apollo stated: “An analysis of the volume of PMS supplied nationwide in the month of August suggests a decrease of about 132,301,071 litres compared to the 1,867,925,811 litres supplied in the month of July.

“The report further showed that in the month under review, the total truck-out volume for PMS was 1.79 billion litres. Therefore, the average truck-out volume of PMS was 57.58 million litres per day”.

The added that the “data also showed that NNPC imported 100 percent of PMS distributed that month”.

He stated that the report also showed that the country had “an average…

Source: Vanguard Newspaper