Nigeria’s daily PMS consumption stands at 66m, says NMDPRA
Business News News

Nigeria’s daily PMS consumption stands at 66m, says NMDPRA

The daily usage of premium motor spirit (PMS) in Nigeria was estimated to be 66 million litres by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).Information Guide Nigeria

The midstream and downstream regulatory agency, the Authority, stated in a statement released yesterday in Abuja that the need for clarification arose as a result of data coming from various agencies and other stakeholders.

The Petroleum Industry Act of 2021, which mandates that the Authority post the numbers on its website, is what the NMDPRA cited as support for its claim.

Other Top Stories:

It added: “In line with the NMDPRA mandate as provided in the Petroleum Industry Act (PIA) to ensure transparency in the oil and gas industry, the Authority publishes on its website the actual daily truck-out. From 1st January to 31 July 2022, the daily truck-out stands at 66 million litres.

“I have always argued this with NNPC. If we are consuming 60 million litres of petrol per day by their computation, why in the world would you allow the lifting of 98 million litres per day?” he queried.

The Customs CG insisted that the computation by NNPC is not believable, adding that daily consumptions differ.

“That computation, to me, is not believable, because scientifically you cannot tell me that if I fill my tank today, tomorrow I will fill my tank with the same quantity of fuel. And if I’m running a petrol station today, if I go to Minna depot and lift, and I’m taking to Kaduna, I may reach Kaduna in the evening and offload that product; there’s no way I could have sold that petrol for you to account for the expense.JAMB Result

Check and Confirm: How much is Dollar to Naira today  Pounds to Naira today

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

Related Posts

Nigeria: Govt Says UAE Yet to Lift Visa Ban

Nigeria: Govt Says UAE Yet to Lift Visa Ban

The Federal Government has revealed that the United Arab Emirates, UAE, is yet to lift the visa ban imposed on Nigeria.InformationGuideNigeria Tis is following reports emerged that the…

Call To Bar: Ex-Minister Amaechi Joins First Class, 888 Candidates Fail Exam

Call To Bar: Ex-Minister Amaechi Joins First Class, 888 Candidates Fail Exam

Chief Rotimi Amaechi, Former Governor of Rivers State and former Minister of Transportation, was recently admitted to the bar in the class of 2024 after completing his law…

Nigerian Economy Not In Distress, Only Facing Challenging Times – Tinubu

Nigerian Economy Not In Distress, Only Facing Challenging Times – Tinubu

The President of Nigeria,  President Bola Tinubu on Tuesday, said Nigeria is currently facing challenging times but its economy is not distressed. As reported by THE WILL, President…

Nigerian Army troops kill notorious terrorist leader Maikusal

Troops of Nigerian Army have killed a notorious terrorist leader, Maikusa, who is identified to be the second-in-command in the hierarchy of the terrorists’ cell in Katsina State,…

“It’s work, work, work there”- Lady and family reportedly leave UK, relocates to Nigeria

“It’s work, work, work there”- Lady and family reportedly leave UK, relocates to Nigeria

Rebecca Olawale, a Nigerian lady who had stayed in the United Kingdom with her family, has created a film to illustrate that they have returned to Nigeria. GISTLOVER…

“This is so hard to watch”- Reactions trails video of Herbert Wigwe’s daughter paying tribute to her brother Chizi

“This is so hard to watch”- Reactions trails video of Herbert Wigwe’s daughter paying tribute to her brother Chizi

Herbert Wigwe, the former Group CEO of Access Holdings, his wife Chizoba, and their first son, Chizi, were recently killed in a helicopter crash. The incident came as…

Leave a Reply

Your email address will not be published. Required fields are marked *