The price of Kerosene has been officially fixed by the NNPC which will sell at a differing rates with other retail outlets.
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.
It would be recalled that kerosene was very scarce two months ago pushing the price to N300 and above in the black market. 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 about the price announcements.
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.