Oil
marketers in Nigeria have been fingered in the hyper-inflation in the
prices of kerosene which has been technically put beyond the reach of
the masses.
As the scarcity of kerosene continues to hit many households in the
country, some fuel marketers are mixing the product with black oil to
get Automotive Gas Oil, popularly known as diesel, a Punch
correspondent has learnt.
Sources said the rise in the price of diesel was responsible for the development, which, according to them, has been on for some time now.
The scarcity of kerosene, used by many Nigerian households, has resulted in up to 100 per cent increase in its price, as it now sells for as much as N300 per litre in some parts of the country.
One of the sources, who is an official of an independent marketing firm in Lagos, said “Since diesel price went up, some marketers have been mixing kerosene with black oil to get diesel. They do this because they want a cheap price for diesel, between N150 and N160, which is not realistic now.
If depots are selling for as much as N180 per litre, it is not realistic for you to expect to buy AGO for N135-N140.
“Also, black oil is cheap; by the time you mix it with kerosene, it gives you a bigger volume of diesel. Most people originally use black oil for engine oil production, and it is imported like other chemicals.”
When contacted for a comment, the Deputy Manager, Public Affairs, Department of Petroleum Resources, Mr. George Ene-Ita, said he was not aware of the combination of kerosene and black oil to get diesel.
Sources said the rise in the price of diesel was responsible for the development, which, according to them, has been on for some time now.
The scarcity of kerosene, used by many Nigerian households, has resulted in up to 100 per cent increase in its price, as it now sells for as much as N300 per litre in some parts of the country.
One of the sources, who is an official of an independent marketing firm in Lagos, said “Since diesel price went up, some marketers have been mixing kerosene with black oil to get diesel. They do this because they want a cheap price for diesel, between N150 and N160, which is not realistic now.
If depots are selling for as much as N180 per litre, it is not realistic for you to expect to buy AGO for N135-N140.
“Also, black oil is cheap; by the time you mix it with kerosene, it gives you a bigger volume of diesel. Most people originally use black oil for engine oil production, and it is imported like other chemicals.”
When contacted for a comment, the Deputy Manager, Public Affairs, Department of Petroleum Resources, Mr. George Ene-Ita, said he was not aware of the combination of kerosene and black oil to get diesel.
Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist
Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world
Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists
Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists
Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose
Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest
Are You On Twitter? Follow Us Now For Latest Updates - @tonygists
Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists
Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists
© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.
