Kerosine To Sell For N150 Per Litre

Kerosine To Sell For N150 Per Litre

After years of slipshod control and exploitation by marketers, the Nigerian masses now have to grapple with an official hike in the price of kerosene.

This follows an announcement by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, that the product will now sell officially for N150 per litre, Guardian writes.

Making the announcement during a courtesy visit to the Ogun State Governor Ibikunle Amosun in Abeokuta recently, Baru called on other retail outlets to emulate the NNPC mega stations that sell the product at N150 per litre, up from N80 per litre.

“We are committed to promoting the use of Liquefied Petroleum Gas (LPG) as an alternative choice for home cooking, which is also available at our NNPC retail stations,” he said.

The NNPC boss also expressed government’s readiness to complete the ongoing Escravos to Lagos Pipeline System 2 (ELPS2) project in the last quarter of this year to boost gas to power in the country.

It will be recalled that kerosene, which majority of Nigerians depend on for daily cooking and other domestic chores, recently sold for as much as N1200 per gallon, which was almost 300 per cent over the official rate.

While the present hike in price is by no means welcome given the prevailing economic climate, the bigger problem for the average Nigerian, and government, may be getting the product sold at the stipulated rate.