9 Aug 2013

We Supply Above Daily Demand Of Kerosene – NNPC

NNPC
The Nigerian National Petroleum Corporation (NNPC), has assured of adequate supply of Kerosene, saying its supplies exceed the national daily demand contrary to claim of scarcity of the product in some parts of the country.


The Corporation explained that between 10 to 11 million litres of kerosene is distributed daily through allocations to licenced marketers such as Independent Petroleum Marketers Association Of Nigeria (IPMAN), Depot And Petroleum Products Marketers Association (DAPPMA), Major Marketers Association Of Nigeria (MOMAN) and NNPC Retail for sale to the  public.

“It is therefore a surprise to receive reports of scarcity in spite of the fact that NNPC/PPMC supply above the eight million litres national daily consumption,” a statement by the NNPC’s acting spokesperson, Tumini Green said.

“Our findings are that only the NNPC Retail and a few outlets sell Kerosene at the government approved price of N50 per litre while the other marketers who purchase the product from PPMC at government regulated price of N40.90k sell above the recommended price,” she stated. She stressed that it was the responsibility of other regulatory agencies to fix the price of kerosene and enforce compliance with the government approved prices.

“It is also the responsibility of those regulatory agencies to ensure that the allocated petroleum products including kerosene reach the consumer at the approved prices as intended by government,” she added.

She further disclosed that NNPC/PPMC has continued to sanction marketers and vessel owners who are suspected of involvement in sharp and unwholesome practices.

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