Kerosene is N150 per litre from NNPC depots, says NUPENG

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.