Fuel consumption hits 80million litres daily, subsidy skyrockets

The consumption of Premium Motor Spirit, popularly called petrol, has risen to about 80 million litres daily, pushing up subsidy on the commodity to an estimated N484bn monthly, going by latest figures from the Nigerian National Petroleum Company Limited. An analysis of PMS weekly evacuation/dispatch data from March 4 – 10, 2023, obtained from NNPCL