Tag
FUEL CONSUMPTION
Households and businesses in Lagos consume a combined 15.6 billion litres of petrol yearly according to a new report.
Friday's strong labour data raised fears of higher U.S. interest rates, but oil prices remain range-bound and could rise for a second straight week on signs of tight supply and rising demand. expensive.
The daily average fuel consumption in Nigeria has dropped by 18.5 million litres from 66.9 million litres pre-fuel subsidy to 48.4 after President Tinubu scrapped the expensive fuel subsidy program.
The closure of the border petrol stations by FG has cut down the consumption of Premium Motor Spirit (PMS), known as Petrol to 30%.