Consumption Of Premium Motor Spirit (PMS) Dipped By 132,301,071 Litres In August 2021
The Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply in August yesterday indicated that the consumption of the Premium Motor Spirit (PMS) dipped by 132,301,071 litres in August, 2021.
Its General Manager, Corporate Services, Mr. Kimchi Apollo in a statement, stated that about 1,735,624,740 litres were distributed nationwide.
He explained that it resulted in bringing average daily supply of PMS in August to about 55.99 million litres.
He said: “An analysis of the volume of PMS supplied nationwide in the month of August suggests a decrease of about 132,301,071 litres compared to the 1,867,925,811 litres supplied in the month of July.”
The report further showed that in the month under review, the total truck-out volume for PMS was 1.79 billion litres.
He added that the average truck-out volume of PMS was 57.58 million litres per day.
The data also showed that NNPC imported 100 per cent of PMS distributed that month.
The PPPRA report also showed that the country had an average PMS Days Sufficiency of 33 days in the period under review.
He noted that the decline in the volume of PMS supplied in August did not in any way translate to product scarcity.
The PPPRA said the General Manager, will continue to monitor and advice relevant stakeholders to ensure continued product availability.
– The Nation