Aviation fuel: Total, MRS record N14.9bn revenue losses in nine months

Aviation fuel: Total, MRS records N14.9bn revenue losses in nine months

The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 58.2 per cent in the first nine months of the year, compared with the same period of 2019. The nation’s airports were closed on March 23 to stem the spread of the COVID-19 pandemic in the country but the Federal Government started reopening them on July 8. The oil marketing companies, Total Nigeria Plc and MRS Oil Nigeria Plc, saw their combined aviation fuel revenue for the…

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