Kerosene Price Increased From N50 To N83 Per Litre - PPPRA - Politics

Kerosene Price Increased From N50 To N83 Per Litre - PPPRA - Politics - Nairaland

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Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by Omooba77(op): 9:54pm On Jan 24, 2016

Kerosene to sell at N83 – PPPRA

ON JANUARY 24, 20168:20 PMIN NEWSCOMMENTS
‎Kerosene to sell at N83 – PPPRA NAN-HE-52 Kerosene Abuja, Jan. 24, 2016 (NAN) The Petroleum Products Pricing Regulatory Agency (PPPRA)‎ has increased the price of Household Kerosene from N50 to N83. This is contained in its products pricing template, released on Sunday in Abuja.[b][/b]

It stated that the N83 per litre price applied only to the Nigerian National Petroleum Corporation (NNPC) outlets. The template also showed that at N83, the Federal Government will be making a gain of N10.72 on every litre. It further puts the expected open market price, which is the landing cost plus total margins at N72.28 per litre. The expected open market price is the prevailing open market rate for the product in Nigeria, after taking certain costs into consideration.

Giving a breakdown of the price, the PPPRA template put the landing cost of ‎the product at N57.98 per litre, while the total margin due‎ middlemen was put at N14.30. The retailers’ margin was put at N5 per litre; transporters at N3.05 per litre while dealers at N1.95 per litre. It further put the bridging fund at N5.85 per litre; marine transport average at N0.15 and Administrative‎ Charges – N0.15.

It stated that the official ex-depot price, which depot owners would sell to marketers, is N68.70 per litre. The official ex-depot price for collection is N73 per litre, while ex-coastal price is N68.02 per litre.

http://www.vanguardngr.com/2016/01/kerosene-to-sell-at-n83-pppra/

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by ajepako(f): 10:01pm On Jan 24, 2016

Another campaign promise fulfilled..

APC chanji...

Iya Sheri, Iya wasiu, Iya tope, Iya monsura, Alfa sale, Iya toheebu, Iya karimo..

How market na? cheesy

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Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by Omooba77(op): 10:04pm On Jan 24, 2016

ajepako:
Another campaign promise fulfilled..

APC chanji...

Iya Sheri, Iya wasiu, Iya tope, Iya monsura, Alfa sale, Iya toheebu, Iya karimo..

How market na?

God will help Nigeria,the masses are in a long walk to prosperity....

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by Omooba77(op): 10:15pm On Jan 24, 2016

Nothing dey happen......lalala.....Fire wood never finish from my village......

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Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by ShowYourCertificate: 10:23pm On Jan 24, 2016

God please save Nigeria from Buhari's cluelessness and dullardness. Amen.

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Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by DaBullIT(m): 5:57am On Jan 25, 2016

ajepako:
Another campaign promise fulfilled..

APC chanji...

Iya Sheri, Iya wasiu, Iya tope, Iya monsura, Alfa sale, Iya toheebu, Iya karimo..

How market na?

Market fine o , you don buy kerosene for 50 before?

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by babyfaceafrica: 7:01am On Jan 25, 2016

Nice one...Nigeria will get better!!!

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by ajepako(f): 7:45am On Jan 25, 2016

DaBullIT:
Market fine o , you don buy kerosene for 50 before?

I don't use kerosene sir tongue

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by TheNextAce: 8:28am On Jan 25, 2016

Gas is the way to go

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by jaybee104(m): 8:29am On Jan 25, 2016

in my area, kero is 120 since last yr

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by Koolface4u: 8:29am On Jan 25, 2016

Season of chang

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by veekid(m): 8:30am On Jan 25, 2016

Nigerian government; awon wayre 100%

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by oloriooko(m): 8:30am On Jan 25, 2016

But I thought our amiable president denied the existence of subsidy so how come this sudden price increase?

All politicians are same PMB inclusive angry

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Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by Finestnigga(m): 8:34am On Jan 25, 2016

Change my ass

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by chimerase2: 8:42am On Jan 25, 2016

If kerosene was 50 naira and it was sold to us at 120 naira per liter before then how much will it be now dat is 83 naira undecided

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by Nobody: 8:48am On Jan 25, 2016

When it was #50,kerosene was sold for #120.. Now it is #83 per litre I believe it rise to #200

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by shizzy7(f): 8:58am On Jan 25, 2016

increase

?

They used to sell it for #120 per litre..
Now it is #90..

Re: Kerosene Price Increased From N50 To N83 Per Litre - PPPRA by ziccoit: 9:34am On Jan 25, 2016

ajepako:
Another campaign promise fulfilled..

APC chanji...

Iya Sheri, Iya wasiu, Iya tope, Iya monsura, Alfa sale, Iya toheebu, Iya karimo..

How market na?

Omooba77:
God will help Nigeria,the masses are in a long walk to prosperity....

Humm. Say the truth, have you ever bought it at N50/l when it was meant to be? The cheapest I ever bought it was N100. Subsidy is a scam, only marketers are benefiting not the masses. They collected the subsidy claim and later go ahead to sell the product at higher price thereby making double profits at the masses expenses.

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