Forte Oil will now sell Kerosene at a reduced rate of N50 per litre which is more than 50 per cent reduction in the current price.
Forte Oil Boss, Femi Otedola has just put a smile on the faces of kerosene consumers in the country following the over 50 per cent reduction in the current pump price.
Following the reduction, House Hold Kerosene (HHK) will now sell for N50/litre at every Forte oil filling station.
In a statement signed by him, Otedola revealed: “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 some of the air mishaps we have encountered in the country in recent times.”
The Forte Oil boss stated that while HHK is sold by the Pipelines and Products Marketing Company (PPMC), an arm of the Nigerian National Petroleum Corporation (NNPC) at the regulated price of N40.90k with the objective of selling to the average.