Nigeria’s daily consumption of the Premium Motor Spirit (PMS) dropped by 8.14 percent to 55.99 million litres in August.
This is against the 60.55 million litres recorded in July.
The Petroleum Products Pricing Regulatory Agency (PPPRA) disclosed this in a statement issued by its General Manager, Corporate Services, Kimchi Apollo in Abuja.
It said the total petrol supply for the month of August was about 1,735,624,740 litres.
The statement read in part: “An analysis of the volume of PMS supplied nationwide in the month of August suggests 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.”
It added that: “data also showed that NNPC imported 100 percent of PMS distributed that month.”
“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 added.
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