According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, the nation’s daily consumption of gasoline decreased by 16.8% in July 2023 to 52 million litres from 64.96 million litres in June.
The Authority estimates that as of the end of July 2023, there were 1.120 billion litres of land-based stock and closing stock, less dead stock of gasoline.
The marine stock, which also included berth and offshore availability, was stated to be 521 million litres.
However, depot deadstock was 83.637 million litres, contrary to the agency’s claim that the total stock less dead stock was 1.641 billion litres.
The total stock, including dead stock, was 1.725 billion litres, according to the NMDPRA. The land-based days’ sufficiency was 21.55 days, the marine days’ sufficiency was 10.02 days, and the total days’ sufficiency was 31.57 days.
The total amount of stockless deadstock was calculated to be 1.641 billion litres. Depot deadstock totaled 83.637 million litres, with total stock including dead stock totaling 1.725 billion litres.
On the other hand, on July 1st, the land-based stock of PMS was 1.059 billion litres, while the marine stock at berth and offshore was 826.447 million litres. Total stock minus dead stock was 1.885 billion litres, with depot deadstock totaling 83.095 million litres.
The Authority also stated that total stock, including deadstock, was (1.968 billion litres. The land-based sufficiency was 16.31 days, the marine sufficiency was 12.72 days, and the total days sufficiency was 29.03 days.
It reported that the Nigerian National Petroleum Corporation Limited (NNPCL) had 293.380 million litres of national PMS stock as of July 1st.
Members of the Major Oil Marketers Association of Nigeria, MOMAN, had 91.202 million litres, while the Depot and Petroleum Products Marketers Association of Nigeria had 753.825 million litres.
The NMDPRA reported that Nigeria had land-based days sufficiency of 21.55 days as of the end of July, while marine days sufficiency was 10.02 days, bringing the total days sufficiency to 31.57 days.
Furthermore, as of July 31st, the NNPCL held 377.68 million litres of the 1.203 billion litres of national inland PMS stock.
MOMAN had 60.973 million litres, while DAPPMAN had 765.16 million litres.
