Daily consumption of Premium Motor Spirit (PMS) or petrol in Nigeria has dropped drastically under one year after President Bola Tinubu assumed office on May 29, 2023.
Data obtained by Channels Television from the Nigerian Midstream and Downstream Product Regulatory Authority (NMDPRA) Daily Truck Out Report for September 2024, showed that consumption as of August 20, 2024, was 4.5 million litres per day.
The daily petrol consumption as of May 2023 was 60, 000 million litres per day, according to the NMDPRA.
An estimation brings daily consumption down by 92 per cent after May 29, 2023.
Analysis of the report, shockingly, revealed that out of the 36 states of the federation, only 16 states got product allocation from the Nigeran National Petroleum Company Limited (NNPCL) in the month under review.
This meant that those states that did not get product allocation suffered scarcity in August.
