Petrol consumption jumps by 340 million litres in one month

Fuel scarcity looms as tanker drivers embark on strike in Rivers

Petrol consumption in Nigeria increased by 340 million litres in a month, according to numbers provided on Sunday by the Nigerian National Petroleum Corporation.

According to the oil company’s March 2021 financial and operations report, 1.75 billion litres of Premium Motor Spirit, also known as gasoline, were consumed in March 2021.

Findings by our correspondent from the corporation’s earlier report showed that the consumption in February 2021 was 1.41 billion litres.

This implies that within the space of February and March this year, petrol consumption across the country jumped by 340 million litres.

NNPC said its March 2021 report indicated that the total revenue generated from the sale of white products for the period of March 2020 to March 2021 stood at N2.13tn, where petrol contributed about 99.24 per cent of the total sales with a value of N2.11tn.

It noted that its downstream subsidiary, the Petroleum Products Marketing Company, recorded N234.63bn revenue from the sale of white products in the month of March 2021 alone.

Read Also: Enugu APC Ward Congress: Committee Speaks On Concluded Congress

In the gas sector, it said a total of 222.74 billion cubic feet of natural gas was produced in the month of March 2021, translating to an average daily production of 7,183.33 million standard cubic feet per day.

Leave a Reply