NNPC Pegs Kerosene Price To N150 Per Litre

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The Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has announced that the that the official pump price of kerosene has been fixed at N150 per litre.

Announcing the price ceiling last weekend during a courtesy visit to the Governor of Ogun State, Mr. Ibikunle Amosun in Abeokuta, the NNPC boss called on petroleum marketers not to sell the commodity above the price, saying:

“I am calling on other marketers to emulate NNPC by selling kerosene at a maximum of N150 per litre, which also provides sufficient margin for them to do so.

“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.”

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NNPC Pegs Kerosene Price To N150 Per Litre

Baru stated that the issues surrounding the scarcity of kerosene had been addressed, while he disclosed that presently, all NNPC retail and mega stations had been supplied with kerosene and are selling at N150 per litre.

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In addition, Baru expressed NNPC’S readiness to finish up the ongoing Escravos-to-Lagos Pipeline System 2 (ELPS 2) project by the last quarter of this year. According to him, when the project is completed, it would boost the supply of gas and ensure a significant improvement in power supply all over the country.

Baru further stated that the 36-inch and 342-kilometre gas pipeline project would double the capacity of the existing ELPS, thereby improving gas supply to Ogun and environs, adding that the recent achievement of security agencies in safeguarding the Atlas Cove to Mosimi System 2B pipeline would not have been possible without the support of the host communities and state government.

The NNPC boss went on to promise that the Corporation would continue to support the aspiration of Ogun, Ondo and Lagos States towards the establishment of a mega city and the free trade zones.