Otedola said the fuel
dubbed “Buhari kerosene” will soon start selling in stations across the
country. Long queues were reportedly seen in some stations.
The chairman of Forte Oil,
Femi Otedola, has directed that his stations should start selling Dual Purpose
Kerosene (DPK) simply known as kerosene for N50 per litre.
The move is seen as a bid
by Otedola to key into President Muhammadu Buhari’s plan to alleviate poverty
in Nigeria.
The federal government through the department of petroleum
resources had earlier directed that petroleum marketers sell kerosene at N50 in
order to make it more affordable for Nigerian. Otedola reportedly directed that
outlets follow the official price proposed by the president.
It was reported that
Otedola had made revelations about the shady activities of some oil dealers who
sold kerosene as airline fuel to airline operators.
In a statement reportedly
signed by the Forte Oil boss, he said: “This illicit act has been identified as
the major factor contributing to the rising cost of kerosene in the country and
may also be the cause of some of the air mishaps we have encountered in the
country in recent times.”
Kerosene bears some
semblance to airline fuel which is what made it possible for some people to
engage in the illicit trade.
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