The Nigerian National Petroleum Corporation NNPC said its downstream subsidiary, Petroleum Products Marketing Company PPMC, netted 211.62 billion naira from the sale of white products in February.
In a statement, its Group General Manager, Group Public Affairs Division, Kennie Obateru, explained that the cash, contained in the February NNPC Monthly Financial and Operations Report, was higher compared to the previous month’s record of 151.79billion naira.
The report also indicated that total revenue recorded from the sale of white products between February, last year and this February stood at 2.6 trillion naira, with petrol contributing about 98.06 per cent of the total sales of about 2.5 trillion naira.
The report stated that about 1.7 billion litres of white products were sold and distributed by PPMC in February compared with about 1.2 billion litres sold in January.
This comprised about 1.7 billion litres of PMS and 1.09 million litres of automotive gas oil.
