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The Nigerian National Petroleum Corporation, NNPC, may have put an end to the importation of Dual Purpose Kerosene, DPK, through its Direct Sales Direct Purchase, DSDP, and Offshore Processing Agreement.
The DSDP, was adopted to replace the crude swap initiative, and the offshore processing arrangement, in a bid to entrench transparency in the crude oil, for product transaction by the country’s national oil firm.
With this latest move, Analysts have predicted a further hike in the price of Kerosene, which is majorly used by the less privileged in the country.
According to its financial and operations report for August 2016, seen by Post-Nigeria, on Friday, November 11, the last time NNPC brought DPK into Nigeria, was in May 2016.
That month, it imported 81,475,081.07 litres. Between September 2015, and May 2016, it imported 1,121,156,082.82 litres of kerosene into Nigeria.

The highest volumes were recorded in November 2015 (221,824,955.97); October 2015 (206,461,653.55); September 2015 (196,295,727.94); February 2016 (137,102,061.71); and December 2015 (116,356,458.06).
However, the lowest was in January 2016 (30,858,996.78 litres). Conversely, NNPC imported 11,503,351,893.85 litres of fuel, within the 12-month period of September 2015, to August 2016, with the highest volume of 1,183,781,446.97 litres, recorded in June 2016.
Though it did not record the importation of kerosene between June and October 2016, it was still producing the product at the nation’s refineries. In June 2016, it produced 119,582,848 litres; while in July it recorded 22,953,014; and in August, it was 63,469,000.
However, the latest report of the corporation, showed that while the national oil firm continued the DSDP framework for the importation of Premium Motor Spirit, PMS, popularly known as petrol, it discontinued the importation of DPK, through the channel.

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