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Investigative Forensic audit of crude oil revenues and remittances by <strong>NNPC</strong> (January 2012 – July 2013)<br />

6.1.19. Revised DPK Subsidy Computati<strong>on</strong> Using the Data Submitted to the Senate by DPR,<br />

PPPRA & <strong>NNPC</strong><br />

Gross M<strong>on</strong>thly Gross Derived Gross Derived<br />

Gross M<strong>on</strong>thly Value<br />

Gross M<strong>on</strong>thly<br />

Market<br />

Value of DPK M<strong>on</strong>thly Sales M<strong>on</strong>thly Sales<br />

Period Total Volume (Ltrs)<br />

of DPK Supplied<br />

Subsidy<br />

Price<br />

Supplied<br />

Revenue at N50<br />

Revenue<br />

N<br />

$<br />

$<br />

N<br />

$<br />

Jan-12 183,877,143.30 163.13 29,995,878,386.53 193,684,240.89 9,684,212,044.47 62,531,232.93 131,153,007.96<br />

Feb-12 274,904,739.65 168.69 46,373,680,531.56 299,436,175.71 14,971,808,785.29 96,673,395.66 202,762,780.05<br />

Mar-12 215,879,216.78 172.35 37,206,783,012.03 240,245,257.39 12,012,262,869.51 77,563,523.40 162,681,733.99<br />

Apr-12 330,425,816.34 169.43 55,984,046,062.49 361,490,579.60 18,074,528,979.95 116,707,748.30 244,782,831.29<br />

May-12 196,497,710.64 159.67 31,374,789,457.89 202,587,908.94 10,129,395,447.11 65,405,794.84 137,182,114.10<br />

Jun-12 337,170,800.74 144.75 48,805,473,407.12 315,138,331.55 15,756,916,577.49 101,742,859.03 213,395,472.52<br />

Jul-12 265,492,421.04 151.79 40,299,094,589.66 260,212,401.30 13,010,620,065.11 84,009,944.24 176,202,457.06<br />

Aug-12 311,326,775.76 164.48 51,207,028,077.00 330,645,238.44 16,532,261,921.94 106,749,285.99 223,895,952.44<br />

Sep-12 171,967,117.17 167.8 28,856,082,261.13 186,324,544.85 9,316,227,242.57 60,155,144.59 126,169,400.26<br />

Oct-12 278,503,156.62 165.02 45,958,590,905.43 296,755,930.17 14,837,796,508.50 95,808,074.57 200,947,855.60<br />

Nov-12 259,266,575.57 160.08 41,503,393,417.25 267,988,593.12 13,399,429,656.24 86,520,498.85 181,468,094.28<br />

Dec-12 406,031,346.34 160.48 65,159,910,460.64 420,739,397.31 21,036,969,865.26 135,836,313.46 284,903,083.85<br />

Jan-13 219,401,712.99 164.76 36,148,626,232.23 233,412,708.93 11,670,635,446.58 75,357,625.41 158,055,083.53<br />

Feb-13 299,756,540.16 170.42 51,084,509,574.07 329,854,132.98 16,492,706,648.82 106,493,876.47 223,360,256.51<br />

Mar-13 208,880,635.04 158.06 33,015,673,174.42 213,183,141.82 10,659,157,091.25 68,826,480.86 144,356,660.96<br />

Apr-13 304,166,680.05 149.65 45,518,543,669.48 293,914,532.64 14,695,726,631.85 94,890,725.33 199,023,807.31<br />

May-13 379,289,731.74 148.97 56,502,791,337.31 364,840,132.61 18,242,006,630.50 117,789,156.26 247,050,976.35<br />

Vanguardngr<br />

Jun-13 163,354,798.99 150.69 24,615,934,659.80 158,945,791.05 7,947,289,552.46 51,315,874.94 107,629,916.11<br />

Jul-13 269,220,103.15 155.5 41,863,726,039.83 270,315,271.13 13,515,763,556.47 87,271,670.15 183,043,600.98<br />

5,075,413,022.07 811,474,555,255.86 5,239,714,310.43 261,985,715,521.36 1,691,649,225.29 3,548,065,085.13<br />

157

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