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Subsidy Removal: Fuel consumption drops by 12.96m
  • August 21, 2023
  • Unity Times
Fuel-Pump-2

Petrol consumption in Nigeria dropped in July by 19.95 per cent month-on-month, following the removal of fuel subsidy by President Bola Tinubu.

According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) report for the month of July 2023, Nigerians consumed 52 million litres daily.

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This is contrasted with the 64.96 million litres per day recorded in June of the same year, indicating a decline of 12.96 million within one month.

The 19.95 per cent decline occurred after President Tinubu removed fuel subsidy, which he said is not benefiting the poor in Nigeria compared to neighbouring countries.

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