NNPC Promises Reduction In Kerosene Price

The Nigerian National Petroleum Corporation (NNPC) has introduced a scheme which sole purpose is to enable kerosene available to consumers across the country at a reduced and regulated price of N50 per litre, Guardian reports.In a statement issued on Sunday in Abuja, the corporation’s Group General Manager, Group Public Affairs Division, Mr Ohi Alegbe said the scheme ‘Kero Correct’ 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.According to Peoples Daily, the statement quoted the General Manager, NNPC Retail, Mr. Ufford Jackson Ibanga, as assuring that all of the 524 NNPC retail mega, floating mega and affiliate stations across the country have been keyed up for the Kero Correct scheme.The scheme which will be officially flagged off soon will involve the distribution of a total of 1,500 trucks of kerosene across NNPC Retail’s mega and affiliate stations across the country to ensure that each consumer gets at least 25 litres of the product over the next three months.The NNPC also said the Nigerian masses have not been enjoying the subsidy in the product because of the long arbitrage system involved in its distribution and retail, diversion of the product by marketers to the construction industry where it is used for blending bitumen, and the fact that NNPC has no direct control over most of the marketers involved in the distribution and sales of the product.