The Managing Director of the Petroleum Products Marketing Company Limited (PPMC), Mr. Umar Ajiya, has said that the company has returned to profitability with a trading surplus of thirty-two billion naira between January and November 2018.
The Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu in a statement today said Ajiya made this known while the House of Representatives Committee on Petroleum, was in the Nigerian National Petroleum Corporation (NNPC) towers, Abuja for an oversight function.
The PPMC boss also stated that as part of the zero-scarcity strategy, the company has over one hundred and seventy million liters of PMS in stock at some NNPC Depots across the country following their successful rehabilitation along with connecting pipelines to forestall dependence on private sector depots.