Why Kerosene Sells For N200 Per Litre – NUPENG
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have explained why kerosene now sell at N200 per litre despite the fact that the Nigeria National Petroleum Corporation (NNPC) has fixed N150 per litre as the official depot price of kerosene.
A statement issued by the South-West Chairman of the union, Tokunbo Korodo, said the N150 per litre fixed by the NNPC excluded transportation of the product and the bank interests paid by marketers.
He said, “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.
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“This did not include the transportation of the product or several levies and bank interests paid by marketers.
He further added that the price will encourage more importation of the product by the 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.”
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Korodo persuaded the NNPC to begin loading its products from depots nationwide, adding that the System 2B oil pipelines were saved from being vandalised.
