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Kerosene is N150 per litre from NNPC depots, says NUPENG

NAN

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NNPC petrol MEGA STATIONThe Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says the Nigeria National Petroleum Corporation (NNPC) has fixed N150 per litre as the official depot price of kerosene.

Alhaji Tokunbo Korodo, the South-West Chairman of the union, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Saturday.

According to him, the price will encourage more importation of the product by the marketers.

He said that most of the filling stations selling kerosene between N200 and N220 as the pump price was as a result of additional money on transportation of the product and some other levies paid by marketers.

The chairman said that at present, NNPC was the only importer of kerosene and was using private depots to sell the product.

The NNPC has fixed N150 per litre as the new depot price of kerosene and has directed all its depots and private depot to comply with the directive.

This did not include the transportation of the product or several levies and bank interests paid by marketers.

Consequently, marketers will now add all these expenses to the depot price to arrive at N190, N200 or N220 depending on their locations.

The advantage of this is that it will open door for more marketers to commence importation of kerosene just like petrol,’’ he said.

Korodo, however, commended Federal Government for its transparent policy in oil and gas sector.

He urged NNPC to commence loading of its products from depots nationwide, adding that the System 2B oil pipelines were saved from being vandalised.

NAN reports that the Federal Government had on Jan. 24 increased the price of kerosene to N83 per litre from N50 per litre thereby officially removing subsidy from the product.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

2 Comments

  1. shield

    August 8, 2016 at 10:08 am

    Which way Nigeria?! From N50 to N83 to N150 and above! Kerosene is mostly used by the poor and middle class. How exactly are they supposed to afford this new prices? To worsen the situation, in my area for e.g, people have to show their APC party membership card before they’re allowed to buy the kerosene sef. There is a God…

  2. Ethel

    August 8, 2016 at 5:02 pm

    To think that kerosene is now more expensive compared to Petrol… HMMMM There is God OOOOHHHH

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