How Nigerian Marketers are selling kerosene at N120
Information reaching us indicates that Selfish Nigerian Marketers are selling Household Kerosene (HHK) above the approved price of N84.17 per litre, investigation has revealed.
They sell the product for between N115 and N120 per litre.
According to the Petroleum Products Pricing Regulatory Agency’s (PPPRA) pricing template of March 17, the expected open market price (OMP) of kerosene is N84.17 per litre.
However, marketers, mainly independents, sell the product well above the approved price of N84.17 per litre. In many retail outlets in Lagos, The Nation discovered that consumers buy kerosene at N120 per litre.