{"id":152121,"date":"2025-02-21T12:50:46","date_gmt":"2025-02-21T11:50:46","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt"},"modified":"2025-02-22T11:56:24","modified_gmt":"2025-02-22T10:56:24","slug":"nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt","title":{"rendered":"Nigeria\u2019s petrol consumption rate drops to 50 million litres daily \u2013 Nigerian govt"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Federal Government of Nigeria has disclosed that the country\u2019s petrol consumption has drastically dropped to 50 million liters per day with local refineries supplying half of the daily requirements.<\/p>\n<p>This was disclosed by Ogbugo Ukoha, the Executive Director, Distribution Systems, Storage and Retailing Infrastructure, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, during a stakeholders\u2019 meeting in Abuja.<\/p>\n<p>Ukoha said petrol importation became necessary to ensure that scarcity does not return to the downstream sector.<\/p>\n<p>Attributing the reduction in consumption to subsidy removal, he said it was over 60 million litres per day before the administration of President Bola Tinubu.<\/p>\n<p>\u201cLet me speak a little bit about supply. All of us have experienced a yuletide free of any scarcity and let me just reconfirm that from year to year we saw an increase in the demand for PMS by 2021, 2022 up to 2023 just before the current administration came in.<\/p>\n<p>\u201cThe daily PMS supply sufficiency was always in excess of 60 million, in fact averaging about 66 million a day for PMS.<\/p>\n<p>\u201cAnd following Mr. President\u2019s withdrawal of subsidy, the announcement on May 29th, 2023, we immediately saw a steep decline in consumption and between then and as we speak, we\u2019ve continued to do plus or minus 50 million,\u2018\u2019 he stated.<\/p>\n<p>\u201cOf these 50 million liters averaging for each day, less than 50% of that is contributed by domestic refineries and so the shortfall in accordance with the PIA (Petroleum Industry Act) is sourced by way of imports,\u201d he added.<\/p>\n<p>President Tinubu upon assumption of office in May 2023, announced total removal of petrol subsidy, a development that has seen consumption capacity decline.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Federal Government of Nigeria has disclosed that the country\u2019s petrol consumption has drastically dropped to 50 million liters per day with local refineries supplying half of the daily requirements. This was disclosed by Ogbugo Ukoha, the Executive Director, Distribution Systems, Storage and Retailing Infrastructure, Nigerian Midstream and Downstream Petroleum Regulatory Authority, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":152120,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[254,227,2000],"class_list":["post-152121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nigeria","tag-nigerian-govt","tag-petrol"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria\u2019s petrol consumption rate drops to 50 million litres daily \u2013 Nigerian govt - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federal Government of Nigeria has disclosed that the country\u2019s petrol consumption has drastically dropped to 50 mill ...\" \/>\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\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s petrol consumption rate drops to 50 million litres daily \u2013 Nigerian govt\" \/>\n<meta property=\"og:description\" content=\"The Federal Government of Nigeria has disclosed that the country\u2019s petrol consumption has drastically dropped to 50 mill ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-21T11:50:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-22T10:56:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1740129758.993304.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\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=\"2 minutes\" \/>\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\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s petrol consumption rate drops to 50 million litres daily \u2013 Nigerian govt\",\"datePublished\":\"2025-02-21T11:50:46+00:00\",\"dateModified\":\"2025-02-22T10:56:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1740129758.993304.jpg\",\"keywords\":[\"Nigeria\",\"Nigerian Govt\",\"petrol\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-petrol-consumption-rate-drops-to-50-million-litres-daily-nigerian-govt\",\"name\":\"Nigeria\u2019s petrol consumption rate drops to 50 million litres daily \u2013 Nigerian govt - 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