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. 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


- See more at: http://nigerianpilot.com/kerosene-to-sell-at-n83-pppra/#sthash.2ldPw00e.dpuf

Wow.
I dey wait for some useless bigotees to say something negative.
As for foyushit we are coming for you.
For iPod, Russian arms are coming into the country, so no messing up.
As for any mod that Will ban me..........

Amazing decision

This is just the beginning of good things come.
UP BAhuariiiiiiii

Long Live Buhari
Long Live APC
Long Live Naija

Am so much enjoying this change.


But They've scammed us with an initial price of #50.

I knew it wouldn't last

Was there ever subsidy on Kerosene??

Kerosene that has probably been more expensive than Petrol and diesel has subsidy?

Even angels in Heaven know that Kerosene will not sell for N83 because of its high demand.


Wonders will not cease in this country of ours.

Now it will sell at least #200 per litre . When it was #50 per litre, most independent marketers sell at #100+ per litre

This is sad mehn....It'll sell for at least 200-250naira/litre..Trust Nigerians to take advantage of this development...Africana Buka sef go come dey expensive..Goat meat go dey sell for like 500naira a piece..I'm in trouble

Short changed. He hasn't even stabilised world oil price. Lagosians, I dey wait for una to protest o. She when Jonathan remove fuel subsidy una protest?, when him change unilag to maulag una protest?, when buhari promised to take fuel prices to 50 naira, una mumu believe the guy?. Now the change we him mean don clear for una eyes ba?, make me wait for those idiots we go come here dey say "it's just a matter of time e go better", "na the past administration fault", " I trust baba sha", etc. Buncha useless and jobless fellows

This is serious

Do people still use kerosine?

We need to appeal for Obama to come and do a 6-month tenure when he leaves the white house.

Or maybe Donald Trump? So he can hit us where it hurts, and wake us all up..

Because it'll like we're all sleeping on a bike while riding on a long thing.

niggi4life:
Do people still use kerosine?

No, they will now be forced to use firewood

CharlyNick:
Am so much enjoying this change.


But They've scammed us with an initial price of #50.

I knew it wouldn't last

apc promises are like China phones, they don't last long

passionate88:
apc promises are like China phones, they don't last long

UnknownT:
Now it will sell at least #200 per litre . When it was #50 per litre, most independent marketers sell at #100+ per litre

PPPRA are silly jokers. If subsidy has been removed on kerosene, why da heck are they now fixing a price for it at 83 per litre? When diesel was deregulated and subsidy removed, did PPPRA bring out a price template to dictate at what price diesel must be sold? Now diesel sells from 103 naira per litre to 130 naira per litre across the country, depending on where you buy from.

Why can't they allow kerosene to find its own level? After all, there is no subsidy on cooking gas and nobody has brought out any template to indicate that it must sell at a particular price. Na wa, o!

Blessing in disguise.at least we will be sure of unadulterated diesel to power our machineries.

Kyase:
Wow.
I dey wait for some useless bigotees to say something negative.
As for foyushit we are coming for you.
For iPod, Russian arms are coming into the country, so no messing up.
As for any mod that Will ban me..........

Have u imagined the effect this will have on a married civil servant with four kids earning the minimum wage.IT called HARDSHIP.

passionate88:
Short changed. He hasn't even stabilised world oil price. Lagosians, I dey wait for una to protest o. She when Jonathan remove fuel subsidy una protest?, when him change unilag to maulag una protest?, when buhari promised to take fuel prices to 50 naira, una mumu believe the guy?. Now the change we him mean don clear for una eyes ba?, make me wait for those idiots we go come here dey say "it's just a matter of time e go better", "na the past administration fault", " I trust baba sha", etc. Buncha useless and jobless fellows

waiting for $1=1 naira.baba one chance.

Ama80:
Blessing in disguise.at least we will be sure of unadulterated diesel to power our machineries.

do u mind explaining how this is a blessing in disguise

willywasco:
This is just the beginning of good things come.
UP BAhuariiiiiiii

Long Live Buhari
Long Live APC
Long Live Naija

stop smoking,u will not hear.up buhari ko up buhaaha ni.

Kyase:
Wow.
I dey wait for some useless bigotees to say something negative.
As for foyushit we are coming for you.
For iPod, Russian arms are coming into the country, so no messing up.
As for any mod that Will ban me..........

am sure u don't know the effect this move has on the man on the street.

calculator123:
do u mind explaining how this is a blessing in disguise

because of its low price,it is been used by AGO dealers to mix their products (adulterated)which end up in our heavy duty machineries therby damagin them.but if d price of kero is equivalent to dat of gas,it makes no sense n profit mixing them,they simply sell pure AGO.without sounding selfish,i use kerosene in my home too,hence i understand d pain but my gain outweighs my pain.hop u understand.

Ama80:
because of its low price,it is been used by AGO dealers to mix their products (adulterated)which end up in our heavy duty machineries therby damagin them.but if d price of kero is equivalent to dat of gas,it makes no sense n profit mixing them,they simply sell pure AGO.without sounding selfish,i use kerosene in my home too,hence i understand d pain but my gain outweighs my pain.hop u understand.

i do understand.thanks for the info.

Ok, let us hope that more people will shift to using cooking gas....now that the price of kerosene has gone through the roof!