Following media reports on the 2022 average daily truck out of Premium Motor Spirit (PMS), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (The Authority) has come up with a clarification.
According to a statement by the Corporate Communications of the NMDPRA, the Federal Government Medium Term Expenditure and Revenue Framework (MTERF), which is a three-year forward looking budgetary tool comprises of contributions from various agencies. “The Authority and its legacy agencies annually provide truck out forecasts for this planning purpose”.
The statement added that The Authority, during a recent interactive session with the House of Representatives’ Committee on Finance, quoted 62.9 million litres as the
2022 baseline daily truck out projection.
“For clarity, the figure provided was used in 2021 solely to forecast the expected revenue for 2022 and does not, in any way, translate to the actual truck out volume for this year.
“In line with the NMDPRA mandate as provided in the Petroleum Industry
Act (PIA) to ensure transparency in the oil and gas industry, The Authority publishes on its website: (www.nmdpra.gov.ng/daily-truckout) the actual daily truck out. As can be verified from the website, the actual daily truck out from 1st January 2022 to 31st July 2022 stands at 66.89 million litres”, the statement stressed.
Valuechain reports that The Authority also assured the general public that it is committed to providing credible and transparent data on the supply and distribution of petroleum products.