Kerosene Is N150 Per Litre From NNPC Depots – NUPENG





“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.
The 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 han on Jan. 24
increased the price of kerosene to N83 per litre from N50
per litre thereby officially removing subsidy from the
product. (NAN)

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