Thursday, September 29, 2022

NMDPRA releases figures on daily petrol consumption

The agency said daily truck-out of premium motor spirit stands at 66.89 million litres.

• September 8, 2022

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the actual daily truck-out of Premium Motor Spirit (PMS) from January to July 31, stands at 66.89 million litres.

In a statement on Thursday, the NMDPRA said the 2022 average daily truck-out figure was not 62.9 million litres as quoted by the media.

The authority said the figure, which was presented during a recent interactive session with the House of Representatives Committee on Finance, was used in 2021 solely to forecast the expected revenue for 2022.

 It did not in any way translate to the actual truck out volume for this year, the petroleum regulatory authority said.

“In line with NMDPA mandate as provided in the Petroleum Industry Act to ensure transparency in the oil and gas industry, the authority publishes on its website (www.nmdpra.gov.ng/daily-truckout) the actual daily truck-out.

“As can be verified from the website, the actual daily truck-out from January to July, 2022 stands at 66.89 million litres,” it said.

According to the authority, the Federal Government Medium Term Expenditure and Revenue Framework (MTERF) which is a three-year forward looking budgetary tool, comprises contributions from various agencies.

It added that the authority and its legacy agencies annually provided truck-out forecasts for the planning purpose.

The authority assured the general public that it was committed to providing credible and transparent data on the supply and distribution of petroleum products. 

(NAN)

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