NMDPRA: Petrol consumption rises 10.78% despite price hike
Petrol consumption in Nigeria increased by 10.78% in April, reaching 52.4 million litres despite a price hike. This rise comes as crude imports have significantly dropped by 95%.
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Petrol consumption in Nigeria increased by 10.78% in April, reaching 52.4 million litres despite a price hike. This rise comes as crude imports have significantly dropped by 95%.
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The rise in petrol consumption indicates a resilient demand in the face of rising prices, while the drastic drop in crude imports suggests a shift in Nigeria's oil supply dynamics.
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🇳🇬 Vanguard
