July 23, 2024

Nigerians consumed 1.74bn litres of petrol in August – PPPRA

pppra executive secretary

By Akpobor Jirue Abuja

The Petroleum Products Pricing Regulatory Agency (PPPRA), on Monday said about 1,735,624,740 litres of Premium Motor Spirit (PMS) otherwise known as petrol was distributed nationwide in the month of August .

The agency which is prescribed by the newly enacted Petroleum Industry Act (PIA) also reported that the average daily supply of PMS in the month was about 55.99 million litres.

A statement signed by its spokesperson, Kimchi Apollo, said details of the analysis of the volume of PMS supplied in the month of August suggest 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 data also showed that NNPC imported 100% of PMS distributed that month. In addition, the PPPRA report showed that the country had an average PMS Days Sufficiency of 33 days.

” It is important to note that the decline in the volume of PMS supplied in the month of August does not in any way translate to product scarcity. The PPPRA will continue to monitor and advice relevant stakeholders to ensure continued product availability”, he said.


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