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Fed Govt generates N1.9tr from petrol sales in one year

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Fed Govt generates N1.9tr from petrol sales in one year
Edoman Offline
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#1
01-31-2021, 11:58 AM
Fed Govt generates N1.9tr from petrol sales in one year
January 29, 2021

[/url][Image: NNPC.jpeg]
[url=https://thenationonlineng.net/wp-content/uploads/2019/08/NNPC.jpeg]





 
 

THE Nigerian National Petroleum Corporation (NNPC) earned N1.9 trillion from sales of Premium Motor Spirit (PMS) petrol in October 2019 to October 2020.





Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation (NNPC), Dr. Kennie Obateru, in a statement, stated that this was contained in the October 2020 edition of the NNPC Monthly Financial and Operations Reports (MFOR).

The statement said the report indicates that total revenues generated from the sales of white products for the period October 2019 to October 2020 stood at N1.95 trillion, with Premium Motor Spirit (PMS) accounting for about 99.07 per cent of the total sales with a value of over N1. 9 trillion.

According to the statement, NNPC has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of N158.04 billion from the sales of white products in the month of October 2020 representing 92 per cent increase over the N80.15 billion sales in September 2020.
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