Petrol consumption falls 30 due deregulation says fg

It seems like you're referring to a news article or statement from the Federal Government (FG) about a reduction in petrol consumption by 30% due to deregulation.

Here's a possible summary:

The Federal Government has announced that petrol consumption in the country has decreased by 30% following the deregulation of the downstream sector of the petroleum industry. This development is seen as a positive outcome of the government's efforts to liberalize the sector and increase competition among oil marketers.

Deregulation, which was implemented in 2020, allows oil marketers to import and sell petrol at a price that is closer to the international market rate, rather than being controlled by the government. This has led to a reduction in the price of petrol, making it more affordable for consumers.

The 30% reduction in petrol consumption is attributed to the increased competition and efficiency in the market, as well as the reduction in the price of petrol. This development is expected to have a positive impact on the economy, as it will reduce the country's dependence on imported fuel and increase the competitiveness of local industries.

It's worth noting that the exact figures and details of the reduction in petrol consumption may vary depending on the source and methodology used to calculate the data. However, the general trend of a decrease in petrol consumption following deregulation is widely reported and acknowledged by industry experts and government officials.