NNPC Distributes Over 19 Billion Litres of Petrol in 13 Months

• NNPC Distributes Over 19 Billion Litres of Petrol in 13 Months

The Nigerian National Petroleum Commission (NNPC) supplied a total of 19,437,894,096.66 litres of petroleum products into the Nigerian downstream sector through its Direct Sales Direct Purchase (DSDP) programme between November 2017 and November 2018, a period of 13 months.

This was contained in the November 2018 edition of the corporation’s monthly operations and financial report posted on its website.

As contained in the report, out of the 19,437,894,096.66 litres total volume of petroleum products supplied through the DSDP in the 13 months under review, the volume of petrol supplied amounted to 19,242,475,780.64 litres, while kerosene amounted to 195,418,316.02 litres.

The report noted, that while the corporation brought in petrol during the period under the DSDP, it was only able to do so for kerosene under the DSDP in January 2018 – 33,794,490.58 litres, June 2018 – 43,427,408.64, July – 46,693,717.07, and 44,294,402.77 litres in August.

In October 2018, as regards to crude oil lifted for the use in DSDP, the statement noted that 8,514,146 barrels of crude oil were lifted for domestic utilization, translating to an average volume of 274,649.87 barrels of oil per day in terms of performance.

Again, the statement released by the NNPC disclosed that in order to meet the domestic product supply requirement for the month of October 2018, about 8,514,146 barrels were processed under the DSDP programme, adding that no barrel of crude oil was delivered to the domestic refineries for processing within the period.

In terms of monetary value for the crude oil lifted for domestic supplies, the statement disclosed that $7,845,491,732.71 was the value of the lifting between October 2017 and October 2018, with its naira equivalent amounting to N2,392,089,687,584.68, adding that the prices of crude oil were averagely valued at $70.17 per barrel.

“In November 2018, 1,608.17 million litres of PMS (Premium Motor Spirit) were supplied into the country through the DSDP arrangement as against the 1,752.01 million litres of PMS supplied in the month of October 2018,” the report stated.