Power outage pushes petrol demand to 51.8m litres daily

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With a shortfall of 16,256 Megawatts (MW) in electricity requirement in Nigeria, the demand for Premium Motor Spirit (PMS) or petrol has increased astronomically, as national daily average consumption has risen from 40 million litres to 51.8 million litres, according to the National Bureau of Statistics (NBS), The Guardian reports.

The NBS PMS import for the fourth quarter (Q4) 2016, showed an increase in the volume of petrol imported into the country during the period, which rose steadily from 1.4 million in October to 1.6 million in November and 1.7 million in December.

The rise in petrol demand is blamed on electricity shortages, as despite a national peak demand of 19,100MW, supply had remained at appalling levels of below 4,000MW. Many homes and companies in Nigeria rely on petroleum products (Petrol and diesel) to power their generators due to the shortfall in electricity supply.

 

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