Saturday, November 23, 2013

BAD: Kerosene Now N150 Per-Litre In Lagos


Some residents in Lagos have called on government to set up a task force to enforce the official N50 per litre pump price of kerosene.

The resident told the News Agency of Nigeria (NAN) in separate interviews in Lagos on Friday that many dealers were selling kerosene as high as N150 per litre.

Mr Felix Balogun, an official of First Bank, told NAN that many marketers were not....
selling kerosene at the official price of N50 and this had made cooking difficult in some homes.

Balogun urged the regulatory agencies to sanction marketers selling above the official pump price.

He also urged the Federal Government to find a lasting solution to the persistent high cost of the product.

Mrs. Deborah Yakubu, a kerosene retailer in Onipanu area of Lagos, blamed the high cost of the commodity on both major and independent marketers.

“They sold a litre of kerosene to me at N105 per litre with other charges. How much do they expect me to sell it to make my gain? Government should set up an independent task force to sanction any erring marketer,” she said.

Alhaja Modinat Ojora, a food seller in Maryland, said that the situation was pathetic and urged the Federal Government to find a way of addressing the problem.

Mr Bamidele Ogunshakin, the Managing Director of Ollymore Oil and Gas Ltd., said that the station was allocated 10,000 litres to sell at N50 per litre and all had been exhausted.
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