A Review of the Nigerian Energy Industry

Oil companies distribute 277m litres of petroleum products

A floating NNPC fuel retail station.
A floating NNPC fuel retail station.

13 January 2015, Lagos – The Nigeria National Petroleum Corporation, NNPC, Retail Limited and independent petroleum products marketing companies distributed about 276.90 million litres of various petroleum products in the 36 States and the Federal Capital Territory, FCT. in September 2014.

According to the NNPC Monthly Petroleum Information for the month of September 2014, the petroleum products distribution shows a decrease of about 72.47 million litres or 20.74 per cent when compared with the a total of 349.37 million litres distributed in August 2014.

The report disclosed that independent marketing companies distributed 176.37 million litres, representing 63.69 per cent of the total, while the NNPC Retail Limited distributed 100.53 million litres, representing 36.31 per cent of the total sales.

Distribution by product shows that Premium Motor Spirit (PMS) had the highest figure of 195.62 million litres (70.65%) of the total reflecting average daily sales of 6.52million litres.

This was followed by Automotive Gas Oil (AGO) with total sales figure of 21.40 million litres (7.73%) averaging 0.71 million litres per day.

Dual purpose Kerosene (DPK) came third in the petroleum products distribution slate with total figure 18.23 million litres (6.58%), giving an average daily figure of 0.67 million litres. Low Pour Fuel (LPFO) and others constituted the remaining part of the distribution.
*Olajide Ojo – Vanguard

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