NNPC Plans To Cut Kerosene Price To N50 Per Litre

Nigerian National Petroleum Corporation [NNPC], has created a scheme aimed at getting kerosene to consumers across the country at the regulated price of N50 per litre.

In a statement issued on Sunday in Abuja by the Group General Manager, Group Public Affairs Division, of the corporation, Mr Ohi Alegbe.

It revealed that the scheme ‘Kero Correct’ initiative’ was also aimed at cutting off the several layers of middlemen who made it difficult for the end user to enjoy the subsidy on the product.

Mr Frank Amego, the Executive Director, Commercial, of the Pipeline and Products Marketing Company (PPMC), also announced the initiative in a statement at the one-day workshop in Abuja.

“The Kero Correct initiative is thus designed to distribute and sell kerosene directly to end users from NNPC Retail mega and affiliate stations across the country at the government-regulated price of N50 per litre to ensure effective control,”he stated.

He also said the scheme which would be officially launched soon, would involve the distribution of a total of 1,500 trucks of kerosene across NNPC Retail’s mega and affiliate stations across the country.