Ministry of Finance, NNPC ordered to measure Nigeria’s daily petrol consumption

0
266
Reading Time: < 1 minute

The National Executive Council has directed the Nigerian National Petroleum Corporation NNPC and Ministry of Finance to undertake an audit exercise to determine the actual daily consumption of petrol in Nigeria, the NNPC has disclosed.

NNPC’s Chief Operating Officer, Downstream, Mr. Henry Ikem-Obih, said on Wednesday while speaking at the 2018 edition of the annual Nigeria Oil and Gas Conference and Exhibition in Abuja, that the audit study would also include inputs from the World Bank. Ikem-Obih, equally stated that irrespective of the current high cost of fuel import, the country’s refineries were currently selling petrol at N103 per litre.

While responding to questions on the current consumption level of the country, he noted that the country’s daily fuel consumption was currently not known because of a number of factors which he said included smuggling and the various consumption pattern of the commodity among Nigerians.

Leave a Reply

%d bloggers like this: