…Fixes kerosene price at N150/litre
By Michael Eboh
After several postponements, the Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that the ongoing Escravos to Lagos Pipeline System 2 (ELPS 2) project would be completed by the last quarter of this year.
In a statement in Abuja, the NNPC disclosed that the project would boost gas supply and guarantee a significant improvement in power supply across the country.
Group Managing Director of the NNPC, Mr. Maikanti Baru, stated this during a courtesy visit to the Governor of Ogun State, Mr. Ibikunle Amosun in Abeokuta, Ogun State.
According to Baru, the 36-inch and 342-kilometer gas pipeline project would double the capacity of the existing ELPS, thereby, improving gas supply to Ogun State and environs.
In addition to boosting gas supply, Baru further stated that the issues surrounding the scarcity of kerosene had been addressed as he disclosed that presently, all NNPC Retail and Mega Stations had been supplied with kerosene and are selling at N150 per litre.
He said, “I am calling on other marketers to emulate NNPC by selling kerosene at maximum of N150 per litre, which also provides sufficient margin for them to do so.”
He further declared that the NNPC is 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.
In addition, Baru promised that the NNPC would continue to support the aspiration of Ogun, Ondo and Lagos States towards the establishment of a mega city and the free trade zones.
He said, “As you may be aware, gas supply to these states are key to the realisation of these objectives. Our major gas and product pipelines transverse Ogun State.”
He maintained 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 the state government.
Baru, however, urged the state government to help prevent encroachment on petroleum product pipeline right of way and incessant hacking into the pipeline to steal products.
In his response, Amosun assured Baru of the preparedness of the state to continue to collaborate with the NNPC in securing all national oil and gas assets in Ogun state.