The Petroleum Products Pricing Regulatory Agency (PPPRA)‎ has increased the price of Household Kerosene from N50 to N83. This is contained in its products pricing template, released on Sunday in Abuja. It stated that the N83 per litre price applied only to the Nigerian National Petroleum Corporation (NNPC) outlets.

The template also showed that at N83, the Federal Government will be making a gain of N10.72 on every litre. It further puts the expected open market price, which is the landing cost plus total margins at N72.28 per litre. The expected open market price is the prevailing open market rate for the product in Nigeria, after taking certain costs into consideration. Giving a breakdown of the price, the PPPRA template put the landing cost of ‎the product at N57.98 per litre, while the total margin due‎ middlemen was put at N14.30.


http://www.zubbyblog.com/fg-increases-kerosene-price-from-n50-to-n83-4/