FG orders massive importation of kerosene

Written by on August 18, 2016

download (2)In a bid to check the arbitrary increase in the pump price and current scarcity of kerosene, the Federal Government has placed an order for massive importation of the product, oil marketers have said.


Speaking in Abuja on Wednesday during the inauguration of the Eastern Zonal Executive of the Independent Petroleum Marketers Association of Nigeria, the association’s Chairman, Board of Trustees, Mr. Abubakar Usman, said the government has also ordered huge importation of Automated Gas Oil, popularly known as diesel. He further stated that with the increase in the supply of the United States dollars by the Central Bank of Nigeria, the price of Premium Motor Spirit, otherwise called petrol, will not be hiked as earlier anticipated. When asked to state the price kerosene will be sold when it arrives, Okoronkwo said, “It will be lesser than what the NNPC retail outlets will be selling.”

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