The World Bank, Federal Ministry of Finance and the Nigerian National Petroleum Corporation (NNPC) have commenced investigations to determine the actual volume of Premium Motor Spirit, popularly known as petrol, being consumed in the country.

According to the Chief Operating Officer, Downstream, NNPC, Henry Obih, the National Executive Council has directed the corporation to work with the finance ministry in determining the actual amount of the PMS consumed daily, adding that the oil firm was seeking the support of the World Bank to carry out the task.

This is coming as the corporation announced the attainment of a two-year record spike in gas supply to power generation plants, which hit 854.4 million standard cubic feet of gas per day for March 2018, translating to an equivalent power generation of 3,492 megawatts.

Read more...http://energyworthonline.com/2018/07/05/world-bank-nnpc-finance-ministry-probe-petrol-consumption-figure/