Finance

August 1, 2011

Capital Oil to extend sale of kerosene in trucks to other states

Capital Oil and Gas Industries Ltd. says it will soon extend the sale of kerosene in mobile trucks to other states of the country.

Mr Ifeanyin Ubah, its Managing Director, told the News Agency of Nigeria (NAN) in Lagos on Thursday that the company had almost concluded arrangement with NNPC to make the proposal possible.

According to Ubah, the product will be sold in trucks at N50 per litre in Abuja, Port Harcourt and some other states.

He said that the objective was to ensure that every household got the product at recommended pump price and to ease the suffering of the common man.

Ubah said that Capital Oil had over 100 mobile dispensers across Lagos and that the scheme had so far been successful due to the supply of the product by NNPC at subsidised rate.

“With 100 trucks dispensing the product, over 5000 families will get 25 litres of kerosene per day and in a week we have been able to calm nerves arising from the prolong scarcity in the state,” he said.

Capital Oil and Gas Ltd. introduced the sale of kerosene to the people through mobile trucks. It started the scheme in partnership with the NNPC with over 20 million litres of kerosene in Lagos.