The total sales revenue for white products sold by the Pipelines and Products Marketing Company, PPMC, the downstream arm of the Nigerian National Petroleum Corporation, NNPC, jumped by N3.2bn in the month of February, 2016.
This is according to the state oil firm’s Monthly Financial and Operations Report for February, 2016 released at the weekend.
In January, the firm collected N71.62bn as sales revenue for petrol, kerosene and diesel but the value increased to N74.72bn in February.
While petrol sales contributed N66bn, kerosene earned N5bn and diesel N3bn in February.
The increase in the total revenues generated from the sales of white products for the month may not be unconnected to the 35.57m litre increase in supplies and sales of the products for the month.
PPMC Nets N3.2billion From Petroleum Product Sales – https://t.co/9bebC0bdtj https://t.co/uX4ilEQJWv