Anxiety as Kerosene price skyrockets, fluctuates ..litre sells for N175 ...IPMAN justifies price

Date: 2016-06-19

By Ahmed 'Lateef

Anxiety has gripped residents of Ilorin following frequent hike in the price of kerosene otherwise known as Dual Purpose Kerosene (DPK) with no explanation from relevant government agencies in the petroleum industry.

Independent investigation conducted across some petrol stations in the capital city of Kwara State yesterday revealed that the price of the domestic cooking facility had persistently fluctuated in the last one week.

Hitherto, a litre of kerosene was dispensed between N150 and N160 per litre, indicating that the price determinant was at liberty of the filling stations.

It was gathered that the unofficial price regime of kerosene had sent jitters down the spine of commoners, who used the liquid substance in their cooking.

Visits to some filling stations in the city of Ilorin showed that there was variation in the price of DPK few days ago until yesterday when the price got skyrocketed.

At Yemsonat petrol station along New Yidi Road, a litre of kerosene was sold for N175 contrary to four days ago when it was dispensed at N160.

A female attendant at the station, who preferred to remain anonymous told City Rove that the kerosene price has not been stable.

"We don't know what was happening, the price of kerosene has been oscillating upward and downward. Just four days ago, we sold a litre for N160 but the tune has changed now. We sell a litre for N175 now", she said.

Similarly, a visit to Energy Station located on Basin Road showed that the station had adjusted to N175 per litre for kerosene.

A male attendant told our correspondent that the station sold a litre for N150 last week.

When inquired when the price had gone higher, he could not give proper response, saying that was the new price regime.

"We dispensed a litre of kerosene for N150 in this station last week. It was no longer what we used to sell it. We can't say precisely this is what has happened. We only know that the price has been fluctuating", he said.

It was observed that the two stations, namely Yemsonat and Energy belonged to independent fuel marketers.

Visit to another private marketer, Bovas along Fate Road showed that the commodity was not available as our correspondent only met attendants dispensing fuel to motorists and other users.

Similar visit to Rockfield on Fate Road, Total near Ilorin Railway Station, MRS on Taiwo/Unity Junction indicated that the stations were not having the petroleum product in their stock.

In a telephone chat yesterday, factional chairman of Independent Petroleum Marketers in Kwara State, Olanrewaju Okanlawon, said increment in the price of kerosene was as a result of unavailability of the commodity in the government designated depots.

Okanlawon noted that it was impossible for them to get the product at exorbitant price in the depots owned by private individuals and in turn sell at government official price.

He explained that the price was justifiable as marketers opted to procure the product at private depots in Lagos, adding that the commodity had finished in the private depots.

Okanlawon maintained that if any of his member exhausted the product at hand, there was tendency of the price getting hike because most of the alternative depots had been emptied.

He stated that the marketers could not also travel to some southern states to buy the commodity due to incessant attacks on oil facilities by Niger Delta Avengers, a new militia in the oil rich region.

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Kale Kawu     Nigeria Association Of Women Journalists     IQRA College     V.O. Abioye     Chief Imam Of Ilorin     Busari Alabi Alausa     Isaac Aderemi Kolawole     Babatunde Idiagbon     Dan-Kazeem     Olosi Of Osi     Akume     Iliasu     Abdulfatai Baakini     Bibire Ajape     Igosun     AbdulRaheem Ahmad Shayi     Babaloja-General     Sodiya     Senior Staff Union Of Colleges Of Education     Bola Shagaya     Eleyele     Mansur Alfanla     Oba David Oyerinola Adedunmoye     Mohammed Katsina Ahmed     Olaoye B. Felix     Sango-UITH Road     Radio Kwara     Olabode Towoju     Agor     KWASEIC     Rihanat Ajia     Isiaka Rafiu Mope     Ibrahim Issa Jetti     Eghe Igbinehi     Owo Arugbo     Arinola Lawal     Labour Party     Opolo Global Innovation Limited     Presidential Election     Omoniyi     Abdulraheem Olesin     Amusa Bello     Emir Of Lafiagi     Asa     Bolakale Kawu     RTEAN     Joseph Alex Offorjama     Florence Saraki     Maigida Soludero Transit     Habeeb Abdullahi Al-Ilory     Halimat Yusuf     Turaki Of Ilorin     Olaitan Adefila     Harafat E. Mukadam     Bola Iyabo Ibiyeye Adisa     Al-Adaby     Offa Descendants Union     Yusuf Olaolu Ali     Jumoke Gafar     Buari Edun     Muyiwa Oladipo Kanu     Ayoade Akinnibosun     Elelu     Mahmud Ajeigbe     SWAN     Saliu Tunde Bello     Ajase-Ipo     Toun Okewale-Sonaiya     Lasiele Alabi Yahaya     Shuaib Olarongbe     Gambari     Ileloke     Abdullahi Biffo     Abdulrahman Iliasu     Mohammed Ghali Alaaya     Is\'haq Modibbo Kawu     Photo News    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ghali Alaaya     Col. Taiwo     Mary Arinde     Ramadan     Razaq Atunwa     Wahab Femi Agbaje     Sulyman Abdulkareem     Ayinde Oki     Razaq Ayobami Akanbi     Ajibola Saliu Ajia     Olushola Saraki     Afonja     CCEPE     Aasiyat Bello Oyedepo     LAK Jimoh     Share     Bola Iyabo Ibiyeye Adisa     Press Release     Yakubu Gobir     Sarafadeen Kayode Akorede     International Public Sector Accounting Standards     Khadijat Ayoola Yusuf     Bola Ahmed Tinubu     Ibrahim Taiwo Road     Raliat AbdulRazaq     Babatunde Idiagbon     Yusuf Amuda Aluko     Henry Makinwa     Femi Oladiji     Osi     Ahmed Dankaya     Aishat Sulu-Gambari     Royal FM     Ibrahim Sulu Gambari     AIT Ilorin     SAPZ Project     Kwara-SAPZ Project     Oye Tinuoye     Noah Yusuf     Ilofa     Lucky Omoluwa     Zulu Gambari     Mohammed Halidu     Mufutau Gbadamosi Esuwoye     Oyawoye     Makama Of Ilorin     Omotoso Musa     Clement Yomi Adeboye     Aliyu Muhammad Saifudeen     Madawaki     Hamza Usman     Yahaya Abdulkareem     Kishira     General Tunde Idiagbon International Airport Ilorin     Ilorin East/South Federal Constituency     Shaykh Luqman Jimoh     Alfa Belgore     Olokoba Abdullahi Ayinla     Magaji Nda     Kolawole Bashirat     National Party Of Nigeria     Tsaragi     Shuaib Jawondo     KW-GIS     Universal Basic Education Commission     Iyabo Dupe Adekeye     Ahmed Bolaji Nagode     Elerin Of Adanla Irese     Kwara Central     Olabode George Towoju     Timothy Olatunde Fadipe     CELF     Umar Sanda Yusuf     Abdulraheem Olesin     Lanre Jimoh     Okasanmi Ajayi     Ojo Isekuse