The Nigerian National Petroleum Corporation (NNPC) has fixed a new price for kerosene.
This was made known by Alhaji Tokunbo Korodo of the south Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) while speaking to News Agency of Nigeria on Saturday.
According to him, “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.”