March 25, 2019

NNPC generates N38.67bn from ‘white products’ in Sept

NNPC generates N38.67bn from ‘white products’ in Sept

Nigeria National Petroleum Corporation, NNPC, said it recorded N38.67bn from the sale of downstream petroleum products in September. This was contained in the corporation’s report for September obtained in Abuja yesterday.

It stated that the amount was in respect of revenue from “white products” sold by the Pipelines and Product Marketing Company, PPMC. White products include Automotive Gas Oil, AGO, Household Kerosene, HHK, and Premium Motor Spirit, PMS.

The report also indicated that NNPC generated N44.2bn from the sale of white petroleum products in August. According to the report, the total revenue for white products sold from January to September 2015 stood at N461.1bn. Read more

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