Delta: Firm Crashes Kerosene To N50 Per Litre
…Injects N70m For Distribution To Riverine Communities
SAN FRANCISCO, October 12, (THEWILL) - An indigenous firm, A&E Petrol, has crashed the price of kerosene from N165 to N50 per litre in Delta State.
The company has also injected a whopping N70 million into its business to ensure easy distribution of petroleum products to the riverine communities of the state.
The crashing of the price of the product followed a working agreement between the firm, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, as well as the Delta State Governor, Dr. Emmanuel Uduaghan, to ensure that the local communities in the riverine areas of Warri, the commercial nerve centre of the state, get the product at affordable price.
THEWILL was told that the price of kerosene in almost all the riverine communities in the state, particularly in Warri South-West Local Government Area of the state, ranges from N250 to N500 per litre due to the cost of transporting the product from Warri to the areas.
In a statement signed by the Chairman and Chief Executive Officer of A&E Petrol, Chief Ayirimi Emami, and made available to newsmen, the firm said it has so far distributed one million litres of kerosene to Ajudaibo, Ogidigben, Tebi-Ijoh and other riverine communities in Warri South West LGA.
He said the direct sale of the products would be moved to Warri North LGA in subsequent exercise to ensure that people from that part of Warri also get the product at subsidised rate.
Emami, an ally of Governor Uduaghan said his company had injected over N70million into the scheme to ensure the locals from that part of the state get the product in affordable price.
According to him, the first phase of the scheme is the beginning of a long term plan to make kerosene and fuel easily accessible to the people of the riverine communities.
Emami said the subsidy scheme to the riverine communities would also reduce the problem of illegal oil bunkering in the area.
'The direct sale of kerosene and fuel with cut-down price will reduce illegal bunkering as well as reduce the untold hardship being faced by our people in the riverine communities,' the statement said.
While saying that the scheme by A&E Petrol was not political, Emami said the scheme came following a meeting the firm had with Governor of Delta State and Petroleum Minister, wherein a decision was reached that in each kerosene allocation the company gets, sales of kerosene to people of the riverine communities should be subsidised.