According to the Nigerian National Petroleum Corporation (NNPC), Nigerians bought a total sum of N1.7 trillion worth of Premium Motor Spirit, also known as petrol, in 2014, according to data obtained released by the body.
NNPC puts amount spent on petrol in 2014 at N1.7trn
The consumption of Premium Motor Spirit (petrol), in the year 2014, has been put at N1.7 trillion by the Nigerian National Petroleum Corporation.
Fuel consumption in Nigeria keeps rising
In its 2014 Annual Statistical Bulletin, the NNPC disclosed that 17.4 billion litres of PMS was distributed in the period under review, translating to an average daily consumption of PMS at 47.67 million litres.
Using the 2014 fuel price of N97 per litre, Nigerians would have spent N1.7 trillion on the consumption of 17.4 billion litres of PMS in the period under review.
Source: Nairametrics
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
We’re not stopping - Onakoya extends Guinness World record chess marathon target by 2 hours
'We have done it': Tunde Onakoya reaches 58-hour mark chess marathon
Forgive me my papa - Self-acclaimed Hausa traditional ruler kneels to beg Oba of Benin
Fubara grows Rivers IGR by over 100%, less than 1 year after Wike's tenure
Plateau University suspends exams over killing of student
Nigeria laughing stock of the rest of the world due to insecurity - TY Danjuma
APC group claims Tinubu’s initiatives stimulating economic recovery
Plateau Gov urges calm after attack that led to death of 200-level PLASU student
NAFDAC reopens popular Ibadan supermarket shut for selling unregistered product
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT