The Nigerian National Petroleum Corporation (NNPC’) total revenue generated from the sale of white products (petrol, diesel and kerosene) for September 2016 to September 2017 stood at N1.9 trillion. Petrol contributed about 85.08 per cent of the total sales with a value of N1.6 trillion.
This was disclosed in a statement signed by the Group General Manager, Group Public Affairs Division of the corporation, Ndu Ughamadu on Monday. According to the statement, the figure was captured in the September 2017 edition of the monthly NNPC Financial and Operations Report which was released on Monday in Abuja.
The report showed that the corporation distributed and sold about 1.3 billion litres of petroleum products throughout the country in September 2017 resulting in a 29 per cent increase from the 950.67 million litres recorded for the August 2017. Products were distributed and sold by the downstream subsidiary of the NNPC, Petroleum Products Marketing Company (PPMC), the statement showed.
“Products sold and distributed comprised about 1.2 billion litres of petrol, 35.58 million litres of kerosene and 86.30 million litres of diesel. “Total special products for the month of September 2017 was N9.29 million litres comprising of 7.43 million litres of Low Pour Fuel Oil (LPFO) and other special products of 1.86 million litres. (Premium Times)
