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Nigerian National Petroleum Corporation (NNPC) recorded N174.62 billion sales of white products in March 2019, the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019 has noted.
NNPC group general manager, group public affairs division, Ndu Ughamadu, disclosed that the March sales figure were higher than the N168.65 billion recorded in February 2019.
The corporation explained in a statement on Sunday that the total revenue generated from the sale of white products from the period March 2018 to March 2019 stood at N2,780.79 billion, with petrol contributing about 91.09 percent or N2,533 billion.
In terms of volume of the total sales by the NNPC Subsidiary, the Petroleum Products Marketing Company (PPMC), in March 2019, the report said a total supply and distribution of 1.36 billion litres of white products were made, compared with 1.33 billion litres of February 2019.
A further products breakdown indicated that the March volume comprised 1.29 billion litres of petrol, 0.023 billion litres of Dual Purpose Kerosene (DPK), and 0.047 billion litres for the diesel component.
Total sale of white products distributed for the period, March 2018 to March 2019, stood at 21.99 billion litres, with petrol accounting for 20.63 billion litres or 93.8 percent. The report stated that 6.4 billion litres of special products were sold during the period.
Within the period, 111 pipeline points were vandalised, indicating a 19 percent drop from the 137 points recorded in February 2019. Ibadan –Ilorin and Benin – Ore axis accounted for 46 percent of total pulverised points, while breaks in other locations made up the balance.
In the Gas sector, the report disclosed that gas production increased by 15.4 percent at 263.48 billion cubic feet compared to the output in proceeding period of February 2019. This translated to an average daily production … Read More...