The value of the domestic crude oil purchased by the Nigerian National Petroleum Corporation (NNPC) between April 2015 and April 2016 was $1.8 billion (N1.2 trillion).Besides, the combined value of output by the three refineries (at import parity price) for the month of April 2016 amounted to ₦28.57 billion while the associated crude plus freight cost was ₦21.57 billion, giving a positive margin of ₦1.30 billion after considering overhead of ₦5.70 billion.
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