NNPC sells N147bn petrol, diesel in one month

The Nigerian National Petroleum Company Limited on Wednesday said it made N147.36bn from the sale of petrol and diesel in October 2021.

It announced this in a tweet via its official Twitter handle, adding that the white products comprised 1,098.17 million of Premium Motor Spirit, popularly called petrol, and 2.84 million litres of Automotive Gas Oil, also called diesel.

It said the sales were contained in its Monthly Financial and Operations Report for October 2021. The oil firm used to publish its monthly report on its website but has stopped it for some months now.

However, in its Twitter post, it said, “In the downstream, the report shows that a total of 1,101.02 million litres of white products were sold and distributed by Petroleum Products Marketing Company in the month of October 2021, compared with 1,390.19 million litres in the month of September 2021.

“This comprised 1,098.17 million litres of PMS and 2.84 million litres of AGO which also translates to a sales revenue of N147.36bn.”

It said the report showed that a total of 28 vandalised points were recorded on the company’s pipelines in October 2021, representing a 33.33 per cent increase compared to 21 pipeline breaks recorded in September 2021, with the Mosimi and Port Harcourt areas accounting for 96 and four per cent respectively.

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