Fuel Consumption Drops by 28% Nationwide

Fuel consumption nationwide has fallen by 28 per cent over the past two years, as pump attendants across filling stations are left with scanty vehicular calls.

Latest figures from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) show that the daily volume of Premium Motor Spirit (PMS), popularly known as petrol, dropped from 68.353 million litres in June 2023, when fuel subsidy was removed, to 49.277 million litres in June 2025.

President Bola Tinubu had, in his May 29, 2023 inauguration address, declared “subsidy is gone,” ending decades of subsidy payments that had cost the government tens of trillions of naira.

Following the announcement, NNPC Limited raised the pump price from N195 per litre to N448 in Lagos and from N197 to N557 in Abuja. Less than a month later, prices rose again to N617 per litre.

Since then and with the coming on stream of the Dangote Refinery, marketers have reviewed prices a multiple times, in some cases weekly.

SOURCE: Vanguard