Business
Nigeria consumes 56m litres of petrol per day – PPPRA
Nigeria’s daily petrol consumption has jumped 56 million litres in 2019 from 54 million in 2018, the Petroleum Product Pricing Regulatory Agency, PPPRA, has said.
The agency disclosed this in a statement signed on Sunday by its Executive Secretary, Abdulkadir Saidu, PPPRA said that daily supply of petrol, revealing that consumption of petrol in the country grew from 46 million litres per day in 2017 to 54 million litres in 2018 and 56 million litres in 2019.
According to Saidu, there was no need for panic buying based on availability of the product.
Read also: IPMAN, NUPENG assure there’s no impending fuel scarcity
The PPPRA boss said: “The agency has observed the sudden reappearance of queues at some filling stations over speculation of shortfall in the supply of Premium Motor Spirit.
“PPPRA, in line with its mandate to regulate petroleum products supply and distribution as well as establish an industry data bank, has continued to monitor products supply in the sector in line with best practices.
“Thus, PMS average daily supply for the year 2017, 2018 and 2019 are about 46 million, 54 million and 56 million litres respectively. These indicate an improved level of supply in 2019.
“Based on the available data, there is adequate supply of PMS with over 21 days sufficiency.
“PPPRA, therefore, urges fuel consumers across the country to desist from panic buying as the agency would continue to monitor the supply situation and take every step required to ensure that there is no disruption in the supply chain.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...