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, 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. A breakdown of how NNNPCL distributed the products among the 16 states, showed that Niger got the highest allocation of 21 trucks, amounting to 940, 000 litres daily, Lagos got the second highest of 12 trucks amounting to 726, 001 litres, and Kaduna got 12 trucks of 454, 001 litres.
Other states such as Oyo got 12 trucks of 454 litres, Kano 9 trucks, Ondo 6 trucks, Kwara 6 trucks, Edo 4 trucks, and FCT 4 trucks. The likes of Sokoto state received 4 trucks from the NNPCL, Ogun state got three trucks, Osun three, Gombe one, Benue one, Ekiti one and Kebbi, one truck.
President Tinubu on May 29, 2023, declared an end to petrol subsidies, which at that time had gulped about N12tn in 10 years. According to the president, payment of petrol subsidies was no longer sustainable as it had plunged the country into huge debts.
 or petrol in Nigeria has dropped drastically under one year after President Bola Tinubu assumed office on May 29, 2023.){kind=link}