Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) recorded N234.63 billion revenue from the sale of white products in March 2021, Checkout Magazine learnt.
The revenue recorded represents a 24.7 percent increase from the N188.15billion sales recorded in the previous month of February 2021.
This is contained in the March 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR).
The report indicated that total revenue generated from the sales of white products for March, last year to March, this year stood at N2.129trillion, where petrol contributed about 99.24 percent of the total sales of N2.113trllion.
In terms of volume, the above value translates to 1.782billion litres of white products sold and distributed by PPMC in March 2021 compared to 1.75billion litres in February 2021.
The NNPC said it continues to monitor the daily stock of PMS to achieve uninterrupted supply, effective distribution and zero fuel queue across Nigeria.
The March 2021 MFOR is the 68th report, published monthly to keep the public with information on the operations of the corporation in line with the management’s guiding philosophy of Transparency, Accountability and Performance Excellence (TAPE).
