The commodity is being sold for N120-N130, against the official price of N50

Onitsha residents, on Tuesday, decried the hike in kerosene price within the state and its environ.

According to them, the commodity is being sold for between N120 and N130 per litre, as against the official price of N50 per litre.

Also, the product is only available at filling stations owned by the independent marketers in the metropolis.

A litre of kerosene was sold at between N100 and N110 in July before the current price regime, while a litre of petrol went for between N100 and N105, as against the official N97. Diesel now goes for N160 per litre.

Some of the residents expressed concern over the high cost and the scarcity of the products.

Agara Jarvis, the Manager of Dwell Oil Filling Station in Onitsha, attributed the high cost of the product to supply shortage, adding that scarcity of kerosene had been on for the last three months.

?Well, what I can only say is that, I think it maybe from the marketers. It is when they have the products they then give it to us to sell,? he said.

?It is the instruction from the directors; if they say sell N20 we sell, if they say sell N50, we will sell, because whatever we are selling is accounted for. I am sure the refineries are not working to capacity, because if the refineries are working up to capacity, we are supposed to be having these products.?

Jarvis, however, expressed confidence that the price will be reduced, following the recent improvement in supply.

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