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Nairaland Forum / Nairaland / General / Politics / FG Directs Depots To Sell Kerosene At N73.37k Per Litre (11054 Views)
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FG Directs Depots To Sell Kerosene At N73.37k Per Litre by zone20: 7:18am On Jan 28, 2016 |
NIGERIA may be headed for another round of Kerosene crisis as the Federal Government has directed petroleum depots to sell the Dual Purpose Kerosene (DPK) at N73.37k per litre from the initial price of N40.90k per litre it had set earlier. At the former price of N40.90k per litre, only Nigerian National Petroleum Corporation (NNPC) outlets sold at the recommended price of N50 .00. while other filling stations sold at between N120.00 and N150.00. The Federal Government had pegged price of Kerosene at N50 per litre, making the product to be scarce and prompting marketers to indiscriminately hike the retail price to between N80 to N100 per litre. But the latest directive on the new price was contained in a memo to all petroleum products marketers in country released by the PPPRA in Abuja. The memo also circulated to petroleum depots at the weekend enjoined them to comply with the new ex- depot price of N73.37k per litre, although it does not give more details on the pump price. Already the directive has elicited criticisms from the Nigerian Labour Congress (NLC), which said the price of kerosene should also be reduced as was the case with petrol because they are products of the same crude oil, the price of which has crashed in the international market. This development means that with an increase of more than 70 per cent, marketers would inevitably, also hike the retail price of the product after adding the associated charges. It also shows that whether it is at NNPC outlets or at private filling stations, Nigerians would have to pay more for kerosene. Reacting to the directive, the Independent Petroleum Marketers Association of Nigeria (IPMAN), said the new price template for kerosene announced at the weekend by the Petroleum Products Pricing and Regulatory Authority (PPPRA) would go along way to alleviate the suffering of the Nigerian people who have paid so much for the product over the years. The National President of the IPMAN, Elder Chinedu Okoronkwo, said, the new price was commendable and that marketers will comply immediately. “We shall study the template and make our position known before the end of the week, but I must state here that government has reasoned that even when it was placed at N50 per litre end users actually buy it at N120 to N130 per litre. “What is our concern now if for government to redouble its efforts and ensure the product is made available to marketers. http://www.musbizubeat.com/2016/01/fg-directs-depots-to-sell-kerosene-at-n73-37k-per-litre/ |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Imortal001: 7:19am On Jan 28, 2016 |
Good |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by ladyF(f): 7:20am On Jan 28, 2016 |
We need to get rid of this selfish cabal. Pure greed!!! 3 Likes 1 Share |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by INTROVERT(f): 7:21am On Jan 28, 2016 |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by oguntola18: 7:23am On Jan 28, 2016 |
Hmm... |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Omotayor123(f): 7:24am On Jan 28, 2016 |
I think this is good news 2 Likes |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by ebube93: 7:38am On Jan 28, 2016 |
Corruption is high in oil sector than any other sector in Nigeria..... Cold dey here ooo.... |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by mrking3(m): 7:41am On Jan 28, 2016 |
This is what happens when mediocres finds them selves in position of Authority! This guy up there is just clueless!! Same thing they all accused Jonathan of. Now I don't get who's more clueless between Jona and Buhari! Jona is still far Better despite the criticism against his administration. This government has no clear policy direction! Members of his cabinet are all product of political settlement. Shakes my Head!! Sad thing here is we have a Rubber stamp as minister of Finance. 19 Likes |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by yhemsy62(m): 7:47am On Jan 28, 2016 |
Good |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by opeaceo: 7:48am On Jan 28, 2016 |
Such a useless thing to say, the marketers would take advantage of the situation and the masses again would be the one bearing the brunt. 4 Likes |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by callJesu: 11:03am On Jan 28, 2016 |
The price had not dropped randomly even before this time |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Nathdoug(m): 11:03am On Jan 28, 2016 |
Crazy country....I concur with sen ben murray bruce on dis issue 4 Likes |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by tolexy007(m): 11:03am On Jan 28, 2016 |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by opeycl(f): 11:04am On Jan 28, 2016 |
cool |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Nairalandar: 11:04am On Jan 28, 2016 |
Ok |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by kennyman2000(m): 11:04am On Jan 28, 2016 |
Hmmmmmmm.... Sometimes, Niger govt just get me speechless! |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Chimaritoponcho: 11:04am On Jan 28, 2016 |
lets take a survey hit like if u think buhari and APC is the worst thing to happen to Nigeria since the advent of the 21st century and share if not 24 Likes 10 Shares |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by gurunlocker: 11:05am On Jan 28, 2016 |
sai changi... now we will buy a litre for 320....lol hyper-clueless government 1 Like |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by centmichael101(m): 11:05am On Jan 28, 2016 |
Better |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Nairalandar: 11:05am On Jan 28, 2016 |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by OhimaiTours: 11:05am On Jan 28, 2016 |
Well I really can't say if this news is good or not cus I can't really remember using kerosene for anything except burning hipped up diets. I hope it's gonna be favourable to the constant users. |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by oluseyiforjesus(m): 11:07am On Jan 28, 2016 |
Walahi FG no get themselves. 1 Like |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by NairaExam690(m): 11:08am On Jan 28, 2016 |
Naija sha Na only you WAKA come ? 1 Like |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by kollyk4u(m): 11:08am On Jan 28, 2016 |
Where is dis country heading to? I just pray dis will affect the nation positively on the long run.. I put my faith in God not any Politician to move dis nation to d right path. |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Hengineer: 11:11am On Jan 28, 2016 |
WHy wouldn't this thing just be deregulated completely?? Why must the government keep fixing prices?? Meanwhile for those complaining of a change in price from N50, did you or anyone you know ever buy kerosene for N50?? 4 Likes 1 Share |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by haywire1: 11:16am On Jan 28, 2016 |
Hmmm |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by shammah1(m): 11:19am On Jan 28, 2016 |
Our wail must continue because it keeps exposing APC's scam. The more we disgrace them publicly, they have no choice than to step up in shame. Meanwhile, they must bring it down to N50. Thank God for senator Ben Bruce for tirelessly opening their nyanshh 2 Likes |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Akpan107(m): 11:20am On Jan 28, 2016 |
Apc is a clueless political party. their end will soon come. their change has only succeeded in destroying the economy of the country. 1 Like |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by KenVlog: 11:22am On Jan 28, 2016 |
Will they obey? |
Re: FG Directs Depots To Sell Kerosene At N73.37k Per Litre by Justicealh3(m): 11:25am On Jan 28, 2016 |
Fuel nko |
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