Mr Femi Otedola, the chairman of Forte Oil has reportedly reiterated his decision to begin the sale of kerosene for N50 per litre.
According to the Entertainment Express, Otedola said Fuel, dubbed "Buhari Kerosene" will soon start selling in stations across the country.
The move is seen as a bid by Otedola to key into the plan to alleviate poverty in Nigeria by President Muhammadu Buhari.
It was reported that Otedola made is revelation 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 the air mishaps we have encountered in the country in recent times"
Kerosene bears some resemblance to airline fuel which is what made it possible for some people to engage in the illicit trade.
No comments:
Post a Comment