The Nigerian National Petroleum Corporation (NNPCgroup) yesterday said it made N92.58 billion from the sale of white (refined) products in May, this year, the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, has said. NNPC
he Nigerian National Petroleum Corporation yesterday said it made N92.58 billion from the sale of white products in May, this year, the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, has said.
According to the report, published in the NNPC Monthly Digest, total sale of white products for the review period stood at 19,865.80million litres and PMS accounted for 19,704.49million litres or 99.19 per cent, stating that 950.67million litres of white products were sold and distributed by the corporation’s downstream subsidiary, the PPMC in May.
While the Nigerian Petroleum Development Company posted a surplus due to substantial growth in the market fundamentals as demand began a slight recovery; the Nigerian Gas Marketing Company recorded 257 per cent increased profit attributed to improved debt collection. NNPC said it recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020.
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