The Nigerian National Petroleum Corporation (NNPC) sold petrol worth N2.366 trillion to Nigerians between May 2019 and May 2020, the national oil company said in its Monthly Financial and Operations Report (MFOR) released yesterday.
The corporation also recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May 2020, as compared to the previous month when 65 points on its pipelines were breached.
However, the organisation noted that the total sale of fuel between May 2019 and May 2020 stood at 19,865.80 million litres with petrol accounting for 19,704.49million litres or 99.19 per cent of total sales.
The report stated that N92.58 billion was made from fuel sale by the Petroleum Products Marketing Company (PPMC) in May 2020, while revenue generated from the sales of white products for the period May 2019 to May 2020 stood at N2, 393.88billion. Petrol contributed about 98.84 per cent of the total sales with a value of N2, 366.15 billion.