Breaking News

NNPC denies alleged scarcity of Kerosene

Lagos—Nigerian National Petroleum Corporations, NNPC, has denied complaints by marketers of inadequate kerosene in circulation.

Dr Levi Ajuonuma, NNPC’s Group General Manager (Public Affairs), told newsmen in Lagos, yesterday, that complaints of scarcity of kerosene was baseless.

He said: “The market is well supplied with kerosene and there is no need for members of the public to resort to panic buying. There is sufficient kerosene in circulation. The complaint by marketers is not true. The complaint is meant to cause panic buying.”

But some marketers insisted that the 37 million litres of kerosene claimed to have been imported by NNPC in May had been exhausted.

They said that the product would be scare in every part of the country if NNPC failed to import more kerosene in the next few weeks.

Officials of some unions, who pleaded anonymity, appealed to the Federal Government to allow marketers import  kerosene.

They said that  importation of kerosene by marketers would check scarcity as it was the case with petrol.

The marketers said that the price of kerosene was high because NNPC was selling  to them above the regulated price.

They said that the price of the product would drop drastically if marketers were allowed to import the product.

Some filling stations in Lagos are selling kerosene for between N95 and N120 per litre against the official pump price of N50 per litre.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.