Saturday, 13 August 2016

Price of Kerosene, Poor Man’s Cooking Fuel, Skyrockets

 
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has confirmed that the Nigerian National Petroleum Corporation (NNPC) has started implementing N150 per litre as the official depot price of kerosene, poor man’s cooking fuel. As things are, the price of a litre of this product will continue selling at the current price of about N300 per litre in some states, going by the explanation of Tokunbo Korodo, the South-west Chairman of the union.
“The NNPC 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,” explains Korodo. This kerosene crisis has been on for months, without any response from appropriate authorities. The masses of this country are in for tough times in the days ahead. This essential cooking fuel is now more expensive than petrol and diesel. As a result, many are going back to firewood for cooking, with attendant huge damage to our forest resources.

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