Nigeria’s Petroleum Products Pricing Regulatory Agency says the kerosene market had been fully deregulated and that there is no plan to increase the price of petrol.
Its reaction on kerosene was based on the recent astronomical hike in the price of the product and calls by consumers as well as operators for an intervention by the Federal Government.
In a statement issued in Abuja, the agency said contrary to a widely-held belief on the status of kerosene, the product is fully deregulated.
The agency appealed to Nigerians to remain calm and desist from any form of panic-buying, assuring consumers of its total commitment to adequate supply and distribution across the country.
