Amid a steep decline in fuel consumption due to surging fuel prices, oil marketers in Nigeria are facing unprecedented challenges, with around 10,000 dealers on the brink of shutting down.
Recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals that fuel consumption fell sharply to 4.5 million litres per day in August 2024, down from 60 million litres per day in May 2023—a staggering 92 percent drop.
Recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals that fuel consumption fell sharply to 4.5 million litres per day in August 2024, down from 60 million litres per day in May 2023—a staggering 92 percent drop.
Amid a steep decline in fuel consumption due to surging fuel prices, oil marketers in Nigeria are facing unprecedented challenges, with around 10,000 dealers on the brink of shutting down.
Recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals that fuel consumption fell sharply to 4.5 million litres per day in August 2024, down from 60 million litres per day in May 2023—a staggering 92 percent drop.
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