{"id":136123,"date":"2024-10-29T16:42:09","date_gmt":"2024-10-29T15:42:09","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra"},"modified":"2024-10-29T17:48:45","modified_gmt":"2024-10-29T16:48:45","slug":"fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra","title":{"rendered":"Fuel price hike: Nigeria\u2019s daily petrol consumption stands at 50m litres \u2013 NMDPRA"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said Nigeria\u2019s daily Premium Motor Spirit (Petrol) consumption is between 45 million and 50 million litres.<\/p>\n

Chief Executive Officer of NMDPRA, Ahmed Farouk, disclosed this on Monday at 18th Africa Downstream Energy Week in Lagos.<\/p>\n

This comes amid speculations that the hike in the pump price of petrol pushed Nigeria\u2019s daily consumption of the fuel to 4.5 million.<\/p>\n

However, the regulator\u2019s boss clarified that the country\u2019s daily petrol consumption stood between 45 million and 50 million, not 4.5 million.<\/p>\n

Farouk added that he expects that deregulation would discourage cross-border smuggling of the product, thereby ensuring availability within the country.<\/p>\n

\u201cWe hope this price adjustment or liberalisation will discourage cross-border smuggling of the product, meaning that more petrol will stay within the country,\u201d he said.<\/p>\n

Last month, President Bola Ahmed Tinubu told former lawmakers that upon the removal of subsidy, Nigeria\u2019s daily fuel consumption dropped to 30 million.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said Nigeria\u2019s daily Premium Motor Spirit (Petrol) consumption is between 45 million and 50 million litres. Chief Executive Officer of NMDPRA, Ahmed Farouk, disclosed this on Monday at 18th Africa Downstream Energy Week in Lagos. This comes amid speculations that the hike […]<\/p>\n","protected":false},"author":84,"featured_media":136122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[10896,254,7452],"class_list":["post-136123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-fuel-price-hike","tag-nigeria","tag-nmdpra"],"yoast_head":"\nFuel price hike: Nigeria\u2019s daily petrol consumption stands at 50m litres \u2013 NMDPRA - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said Nigeria\u2019s daily Premium Motor Spir ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel price hike: Nigeria\u2019s daily petrol consumption stands at 50m litres \u2013 NMDPRA\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said Nigeria\u2019s daily Premium Motor Spir ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-29T15:42:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-29T16:48:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1730207891.129551.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fuel price hike: Nigeria\u2019s daily petrol consumption stands at 50m litres \u2013 NMDPRA\",\"datePublished\":\"2024-10-29T15:42:09+00:00\",\"dateModified\":\"2024-10-29T16:48:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1730207891.129551.jpg\",\"keywords\":[\"Fuel price hike\",\"Nigeria\",\"NMDPRA\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fuel-price-hike-nigerias-daily-petrol-consumption-stands-at-50m-litres-nmdpra\",\"name\":\"Fuel price hike: Nigeria\u2019s daily petrol consumption stands at 50m litres \u2013 NMDPRA - 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