Kerosene now sold at #50 per Litre

THE Independent Petroleum Marketers Association of Nigeria (IPMAN), on Wednesday, said it had commenced sale of kerosene at N50 per litre at filling stations nationwide.Alhaji Abdulkadri Aminu, national president of the association, gave the assurance during the inauguration of sale of kerosene at N50 per litre in Lagos.

Aminu said members had been mandated to ensure the sale of the product at the regulated price of N50 per litre as directed by the Federal Government.According to him, the sale of kerosene at the approved government price had been one of the projects of IPMAN, in partnership with PPMC and NNPC.“The association has been at the vanguard of ensuring that the product that is meant for the local people should be sold at the approved price.

“This has also been the focus of the Minister of Petroleum. Today, we are grateful to God that we have seen it happen.“I want to assure every Nigerian that it’s going to be sustained,” Aminu said.

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He said that the sale of kerosene at the approved price would be launched in other states of the country, adding that any member found selling above the regulated price would be sanctioned.“From here, we are going to Kano, Sokoto, Enugu, Jos, Yola, Maiduguri and other places.

“This is the first time I am coming to visit our retail outlets and I can assure that the exercise is going to be continuous.“The chairman of South West zone has been directed to go to other states within the southern states to launch the project,” he said.

Aminu said the monitoring team would be inaugurated to ensure compliance in all the IPMAN outlets nationwide.He said issues of scarcity of kerosene had to be addressed, adding that the whole world had diversified from kerosene to gas.Mr Olumide Ogunmade, Western Zone chairman of IPMAN, said that the association considered it necessary to ensure that independent marketers who had the products were selling at the regulated price.

Ogunmade said that the essence of selling kerosene at N50 per litre was to demonstrate to the government that IPMAN was a conformist association.He said that IPMAN members were closer to the masses and understood the best model to adopt to make the product available to them at the appropriate price.

“We want members of the public to benefit from the official rate of N50, and if the government can sustain the supply, we are sure and confident that the product will get to the target market.”According to him, Nigerians are suffering and all efforts should be made to reduce the cost of products in the oil and gas sector to make life more meaningful to the citizens.