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NNPC Rakes In N234.722 Billion From Petrol Sale In January

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The Nigerian National Petroleum Corporation, NNPC, recorded about N234, 722,222,150 from the sale of the Premium Motor Spirit, PMS, petrol in January 2021.

It supplied 1.44billion litres in the month that was 46.30 million litres of the product daily.

In the month under review, a litre was least sold for N162.50.

Kennie Obateru, the NNPC Group General Manager, Group Public Affairs Division, made these known in a statement on Tuesday, April 13, 2021,  on the data of the January 2021 edition of the NNPC Monthly Financial and Operations Report, MFOR.

The NNPC spokesman said: “To guarantee energy security, the Corporation also supplied a total of 1.44billion litres of Premium Motor Spirit (petrol), translating to 46.30million liters/day, across the country in the period under review”.

In the gas sector, he said a total of 223.55Billion Cubic Feet, BCF, of natural gas was produced in the month of January 2021, translating to an average daily production of 7,220.22 Million Standard Cubic Feet per Day (mmscfd).

It recalled that the 223.55BCF gas production figure also represents a 4.79 percent increase over output in December 2020.

NNPC said also, the daily average natural gas supply to gas power plants increased by 2.38 percent to 836mmscfd, equivalent to power generation of 3,415MW.

It added that for the period of January 2020 to January 2021, a total of 2,973.01BCF of gas was produced representing an average daily production of 7,585.78 mmscfd during the period.

The corporation however announced a 37.21 percent decrease in cases of pipeline vandalism across the country in the month of January 2021.

The report indicates that a total of 27 pipeline points were vandalized in January 2021 down from the 43 points recorded in December 2020.

The Mosimi Area accounted for 74 percent of the vandalized points while Kaduna Area and Port Harcourt accounted for the remaining 22 percent and 4 percent respectively.

Source: The Nation

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