Latest Petrol Price Hike News, Update On Fuel Scarcity For Oct. 22nd, 2024

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Naijanews Today 7:37 a.m.

Latest Petrol Price Hike News, Update On Fuel Scarcity For Oct. 22nd, 2024

Marketers had expressed concerns that the refinery, located in Lekki, was producing around 10 million litres of petrol daily, far short of the 25 million litres it had originally promised.

Lagos followed with 12 trucks, amounting to 726,001 litres, and Kaduna also received 12 trucks, providing 454,001 litres.

An analysis of the report revealed that only 16 out of Nigeria’s 36 states received petrol allocations from the Nigerian National Petroleum Company Limited (NNPCL) during August, leading to fuel scarcity in the remaining states.

According to data obtained by Channels Television from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), petrol consumption fell to 4.5 million litres per day by August 20, 2024.

This marks a drastic decrease from the 60 million litres consumed daily as of May 2023, representing a 92% drop since Tinubu took office.

Other states like Oyo and Kano received 12 and 9 trucks, respectively, while Ondo, Kwara, and Edo received lower allocations..

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