Oil Marketers Write Tinubu, Mull Shutting Down As Nigerians Reduce Fuel Consumption

Oil Marketers Write Tinubu, Mull Shutting Down As Nigerians Reduce Fuel Consumption …C0NTINUE READING HERE >>>

Amid a steep decline in fuel consumption due to surging fuel prices, oil marketers in Nigeria are facing unprecedented challenges, with around 10,000 dealers on the brink of shutting down.

Recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals that fuel consumption fell sharply to 4.5 million litres per day in August 2024, down from 60 million litres per day in May 2023—a staggering 92 percent drop.

Additionally, only 16 out of the nation’s 36 states received fuel from the Nigerian National Petroleum Company Limited in August,…

>