NNPC boss Dr Maikanti Baru has urged retail outlets to sell the product at this rate
Dr Baru has also expressed readiness to complete the ongoing Escravos to Lagos Pipeline System 2 (ELPS2) project
Dr Maikanti Baru, the group managing director of the Nigerian National Petroleum Corporation (NNPC) has said that the official pump price of kerosene is now N150 per litre.
NNPC GMD, Dr Maikaniti Baru says kerosene is to sell for N150 across the nation.
According to The Guardian, the NNPC boss, who stated this during a courtesy visit to the Ogun state Governor Ibikunle Amosun in Abeokuta, recently, called on other retail outlets to emulate the NNPC mega stations that sell the product at N150 per litre, from N180 per litre.
He said: “We are committed to promoting the use of Liquefied Petroleum Gas (LPG) as an alternative choice for home cooking, which is also available at our NNPC retail stations.”
He also expressed the readiness of the NNPC to complete the ongoing Escravos to Lagos Pipeline System 2 (ELPS2) project in the last quarter of this year to boost gas to power in the country.
Baru said the 36-inch and 342-kilometre gas pipeline project would double the capacity of the existing ELPS, thereby improving gas supply to Ogun and environs, adding that the recent achievement of security agencies in safeguarding the Atlas Cove to Mosimi System 2B pipeline would not have been possible without the support of the host communities and state government.
In a similar development, Ismaila Chafe: President Muhammadu Buhari on Saturday said Nigeria would be saving 10 billion Dollars annually from importation of petroleum products as the nation’s four refineries would soon be fully repaired.
The president disclosed this in a nationwide broadcast to mark the nation’s 56th Independence Anniversary on Saturday.
The President frowned at the situation where half of the nation’s foreign exchange earnings were being spent on importation of petroleum and food items.
He attributed the current socio-economic hardship being experienced in the country to inability of the previous administrations to save for the “rainy days’’.
“Historically about half our dollar export earnings go to importation of petroleum and food products, Nothing was saved for the rainy days during the periods of prosperity.
“We are now reaping the whirlwinds of corruption, recklessness and impunity.
“There are no easy solutions, but there are solutions nonetheless and government is pursuing them in earnest.
“We are to repair our four refineries so that Nigeria can produce most of our petrol requirements locally, pending the coming on stream of new refineries. That way we will save 10 billion USD yearly in importing fuel.’’
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