NMDPRA contradicts NNPCL, minister on daily petrol consumption, subsidy

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria consumes 62.9 million litres of cin a day.

NMDPRA’s Head of Finance and Account, Adebayo Adeniyi, disclosed this whereas showing earlier than the Home of Representatives Committee on Finance on Monday in Abuja.

He stated the company arrived on the determine based mostly on the official vans out from depots.

“The typical daily truck-out for 2022 is 62.95 million litres per day. This from the precise truck-out,” Mr Adeniyi stated.

He added that “what we gave you is what’s obtainable as an precise truck-out. Once we say truck-out, we imply from the depot to the stores. I don’t know the place different figures could also be popping out. I can’t speculate on that.”

NMDPRA contradicts NNPCL

NMDPRA’s determine joins the listing of figures given by the businesses of the federal authorities on the daily petrol consumption in Nigeria.

An advert hoc committee of the Home is at present investigating the nation’s precise consumption determine.

The company’s determine is about 5 million litres lower than that launched by the Nigerian Nationwide Petroleum Firm Restricted (NNPCL).

In a press release on Sunday, NNPCL acknowledged that in 2022, Nigeria is consuming a mean of 68 million litres per day.

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NNPCL’s assertion got here days after the Nigeria Customs Service (NCS) questioned its (NNPCL) declare that the nation consumes 64 million litres of petrol daily.

The Comptroller-Common on NCS, Hameed Ali, throughout a session with the Home Committee on Finance final Thursday, requested why NNPCL permits 98 million litres of petrol to be lifted daily if the daily consumption was 64 million litres.

NMDPRA differs from finance minister on subsidy

In accordance with Mr Adeniyi, petrol will promote for N272 per litre if subsidy is eliminated.

He stated though deregulation is inevitable, with out subsidy, the retail worth of petrol can be N272 per litre.

READ ALSO: Customs questions NNPC’s 60 million litres daily petrol consumption declare

This determine contradicts the one the Minister of Finance and Nationwide Planning, Zainab Ahmed, offered to the committee investigating daily petrol consumption.

Mrs Ahmed had acknowledged that the federal government was paying N283.2 on each litre as petrol within the open market prices N448 per litre.

The dearth of uniform figures from the businesses was closely criticised by lawmakers.

Deputy Chairman of the Committee, Saidu Abdulahi (APC, Niger), who chaired the listening to, stated the businesses are deceptive the general public with complicated figures.

“Even yesterday, the determine NNPC Restricted quoted shouldn’t be in tandem along with your determine. You folks have to reconcile your place,” Mr Abdulahi acknowledged.

He dominated that the businesses ought to reconcile via a gathering of related people and organisations within the oil business.

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