Oil marketers in the country have said that the removal of subsidy on kerosene by the Federal Government will not guarantee the adequate supply of the product across the country, as the excessive demand for the product cannot be matched by the supply, and as such it will barely sell for N83 per litre.
The Federal Government halted the payment of subsidy on kerosene. The latest pricing template for House Hold Kerosene released by the Petroleum Products Pricing Regulatory Agency (PPPRA) showed that instead of the regulated pump price of N50 per litre, the product will now sell for N83.
About three weeks ago, the government ended subsidy on petrol when it released the pricing template for Premium Motor Spirit.
Subsidy removal on kerosene would affect supply – Oil marketers – https://t.co/Z4UNsu7rdb —
Subsidy removal on kerosene would affect supply – Oil marketers – https://t.co/Z4UNsu7rdb — —