The Nigerian National Petroleum Corporation (NNPC) has announced that kerosene will now sell at fifty naira (N50) per litre. They did it through an initiative called “Kerosene Correct” to crash the unofficial price of kerosene. The price is guaranteed at NNPC Mega stations and their affiliates.
Announcing this, the Group Managing Director of NNPC, Dr Joseph Dawha said that the initiative “is aimed at making kerosene available, accessible and affordable in all NNPC mega and affiliate stations across the country. We are committed to ensuring the elimination of the kerosene ‘black market’ so that Nigerian consumers can buy kerosene at the correct price of N50 per litre.”
He said “we know that this will be challenging, but with the unwavering support and assurance of government through the leadership of the Minister of Petroleum resources, Mrs. Diezani Alison-Madueke, we are confident that the objectives of this laudable scheme will be achieved.”