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(From Vanguard (Nigeria) - AAGM)
Byline: Okey Ndiribe
In the past few years, the price of kerosene used by most Nigerians as fuel for cooking has hit the roof as a result of scarcity of the product
"THERE is no kerosene in any of the NNPC depots throughout the country" said a top official of the Nigerian National Petroleum Corporation (NNPC) at the Ejigbo, Lagos depot of the corporation last Friday. The official said that he had contacted his colleagues at the Mosimi depot in Ogun state and had been informed that none of the other depots in the country had any stock of kerosene. He further said that no kerosene had been pumped to the Ejigbo depot for over two years.
Said he :"But what is happening is not new". "When last did you buy kerosene at the official price in this country?" he asked.
Indeed, investigations by VMF revealed that as a result of scarcity of the product, the product was selling for between N62 and N75 per litre instead of the official price of N32 last week. Whereas owners of some petrol stations were selling the commodity for N250 per gallon of four litres, big retailers who were selling from their installed surface tanks sold the commodity for between N280 and N300. Some of the road side petty retailers and hawkers said they were selling the product for N70 per ( beer) bottle which is less than a litre.