NNPC’s ’60m litres’ daily petrol consumption figure wrong, says Customs
The Nigeria Customs Service (NCS) has faulted claims by the Nigerian National Petroleum Company (NNPC) Limited that Nigerians consume “60 million litres of petrol daily”.
Hammed Ali, comptroller-general, Nigeria Customs Service (NCS), said this on Thursday during a session with the house of representatives committee on finance on the 2023-2025 medium-term expenditure frame and fiscal strategy paper (MTEF/FSP).
Ali said he wondered “why NNPC, which put Nigeria’s daily fuel consumption at 60 million litres, lifts 98 million litres into the market”.
Reacting to questions by the committee on the proposed subsidy spending for 2022, Ali said the issue is about the daily petroleum consumption estimations.
“I remember that last year, we spoke about this. Unfortunately, this year, we are talking about subsidy again. The over N11 trillion we are going to take as debt, more than half of it is going for a subsidy,” he said.
“The issue is not about the smuggling of petroleum products. I have always argued this with the NNPC. If we are consuming 60 million litres of PMS per day by their own computation, why would you allow the release of 98 million litres per day? If you know this is our consumption, why would you allow that release?
“Scientifically, you cannot tell me that if I fill my tank today, tomorrow, I will fill the same tank with the same quantity of fuel.
“I remember that last year, we spoke about this. Unfortunately, this year, we are talking about subsidy again. The over N11 trillion we are going to take as debt, more than half of it is going for a subsidy,” he said.
“The issue is not about the smuggling of petroleum products. I have always argued this with the NNPC. If we are consuming 60 million litres of PMS per day by their own computation, why would you allow the release of 98 million litres per day? If you know this is our consumption, why would you allow that release?
“Scientifically, you cannot tell me that if I fill my tank today, tomorrow, I will fill the same tank with the same quantity of fuel.
Aug 5 2015
Kunle Durojaiye wrote
We live in a time where information is readily available to help both businesses and individuals plan and make good decisions. Yet, in 2015, Nigeria still struggles with primary data and statistics to enable proper national planning. Almost 3 decades since oil was first discovered, the capacity within the industry is appalling. Nobody seems to know how much oil is produced per day at each wellhead, the volume of oil stocked at each refinery on a daily basis or the inventory is held at the refineries hold on a going basis. It is not surprising that a popular joke around suggests the Nigeria National Petroleum Corporation (NNPC) does not even know how many bank accounts it operates!
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