In 17 months of Tinubu’s reign, petrol consumption drops from 60m litres to 4.5m litres daily
By Ishaya Ibrahim
Petrol consumption in Nigeria has dropped by 92 percent in the 17 months that President Bola Tinubu mounted the saddle.
According to data from one the Federal Government agency, the Midstream and Downstream Product Regulatory Authority (NMDPRA), the daily consumption of Premium Motor Spirit (PMS) or petrol in Nigeria dropped drastically after Tinubu assumed office on May 29, 2023.
The report, published by Channels Television, tracked the Daily Truck Out Report for September 2024, which showed that consumption as of August 20, 2024, was 4.5 million litres per day.
Before Tinubu took over from President Muhammadu Buhari, the daily petrol consumption as of May 2023 was 60 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.