NNPC to enforce N50/litre kerosene price; allays fears of scarcity

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LAGOS — The Nigerian National Petroleum Corporation, NNPC, and its downstream subsidiary, the Pipelines and Products Marketing Company, PPMC, yesterday, threatened to sanction marketers and other stakeholders engaged in the sale of kerosene above the approved price to Nigerians.

The NNPC, in a statement signed by Mrs. Green, Acting Group General Manager, Group Public Affairs Division, also allayed fears of  alleged scarcity of kerosene in the country, saying that about 11 million litres of Dual Purpose Kerosene, DPK, were being supplied across the country daily, far above the national demand of eight million litres daily.

The struggle to buy Kerosene, an household commodity for cooking, becomes more challenging even at a NNPC petrol Station in Lagos. Photo by Lamidi Bamidele

Green maintained that the NNPC and the PPMC will continue to work with all stakeholders to ensure even distribution of kerosene to all nook and crannies of the country, and also advised members of the public against panic buying of the product.

“We, therefore, call on all stakeholders to ensure that petroleum products including kerosene get to the general public at government approved prices as severe sanctions await any defaulter,” she said.

Continuing she said: “This clarification has become necessary due to reports of scarcity of the product in some parts of the country. For the avoidance of doubt, the NNPC, through its subsidiary, the PPMC supplies between 10 and 11 million litres of kerosene daily, which is distributed through allocations to licensed marketers such as Independent Petroleum Marketers Association of Nigeria, (IPMAN), Depot And Petroleum Products Marketers Association, (DAPPMA), Major Marketers Association of Nigeria (MOMAN) and NNPC Retail Limited who sell to the general public through their retail outlets.

“It is, therefore, a surprise to receive reports of scarcity in spite of the fact that NNPC/PPMC supply above the eight million litres national daily consumption.”

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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