The Federal Government officially ended subsidy on Household kerosene,
HHK, announcing a hike to N83 per litre from N50 per litre over the
weekend.
Instead of the regulated pump price of N50 per litre, the product will now
sell for N83, according to the latest pricing template for House Hold
Kerosene released by the Petroleum Products Pricing Regulatory Agency.
The PPPRA is the agency of the Federal Government that fixes and regulates
the prices of white products, kerosene and petrol, across the country.
In its latest template released on Saturday, the agency stated that the
retail price of kerosene or HHK by the Nigerian National Petroleum
Corporation was N83 per litre.
The commodity is believed to be mostly consumed by low income earners in
the country.
The new template showed that the retail or pump price of HHK was now
N10.72 higher than the Expected Open Market Price of the commodity. The
EOMP, according to the new template, is N72.28.
The EOMP is a summation of the landing cost of the commodity with the
subtotal margins like bridging fund, transporters’ cost, dealers charge,
admin charge, etc.
FG Increases Price of Kerosene from N50 Per Liter To N83 Per Liter
The Federal Government officially ended subsidy on Household kerosene,
HHK, announcing a hike to N83 per litre from N50 per litre over the
weekend.
Instead of the regulated pump price of N50 per litre, the product will now
sell for N83, according to the latest pricing template for House Hold
Kerosene released by the Petroleum Products Pricing Regulatory Agency.
The PPPRA is the agency of the Federal Government that fixes and regulates
the prices of white products, kerosene and petrol, across the country.
In its latest template released on Saturday, the agency stated that the
retail price of kerosene or HHK by the Nigerian National Petroleum
Corporation was N83 per litre.
The commodity is believed to be mostly consumed by low income earners in
the country.
The new template showed that the retail or pump price of HHK was now
N10.72 higher than the Expected Open Market Price of the commodity. The
EOMP, according to the new template, is N72.28.
The EOMP is a summation of the landing cost of the commodity with the
subtotal margins like bridging fund, transporters’ cost, dealers charge,
admin charge, etc.