The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has disclosed that the Nigerian National Petroleum Corporation (NNPC) had fixed a new price of N150 per litre as the official depot price of kerosene.
The South-West Chairman of NUPENG, Alhaji Tokunbo Korodo, made this disclosure in an interview with the News Agency of Nigeria in Lagos on Saturday.
According to Korodo, the price will encourage more importation of the product by the marketers.
He noted that the sale of the product between N200 and N220 by most filling stations was due to the addition of cost of transportation and other levies paid by marketers.
“Presently, the NNPC is the only importer of kerosene and is using private depots to sell the product.
“The NNPC has now 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,” said Korodo, who was a former Chairman of Petroleum Tanker Drivers (PTD), an affiliate of NUPENG.
The NUPENG South-West chairman 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 January 24 increased the price of kerosene to N83 per litre from N50 per litre, thereby officially removing subsidy from the product.
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