HOUSE of Representatives
on Tuesday urged the federal
government to come up with a policy
framework on the deregulation of
kerosene as applied to diesel and
Premium Motor Spirit, PMS so as
to avert the current challenges and
scarcity.
The resolution followed a motion
on ‘Need for a Clear Cut Policy
Framework on Deregulation of
Kerosene to Avert the Current
Challenges faced by the Poor
Masses in the Acquisition of
Kerosene’ sponsored by Hon. Segun
Alexander Adekola.
Leading the debate on the floor
of the House, Adekola expressed
concern that the Dual Purpose
Kerosene(DPK), that serves as a
common domestic product for the
average Nigerian, had become a
scarce commodity and even when
available, remains unaffordable for
the lower class who depend largely
on it.
The lawmaker said the stark
reality was that the effect of the rising
price of kerosene was being felt by
the average Nigerian who had to
resort to Liquefied Petroleum Gas
(LPG) for their cooking purposes,
with retail prices of gas rising from
N2,500 for 12.5kg to over N5,500.00;
He further observed that
kerosene, which is the only crude oil
product accessible to poor Nigerians
in the rural areas, had become so
expensive that a litre is now sold
for between N400.00 – N450.00;
thus forcing many households to
resort to using charcoal, sand dust
and wood for cooking with their
hazardous effects.
Adekola pointed out that the scary
prognosis from analysts was that it
could get worse unless the federal
government ends its economic
flip flops and embraces a market
driven, private sector led jobs and
growth agenda and adopting a
definite, clear cut policy direction on
kerosene to alleviate the problems
being faced by the poor masses.
Other lawmakers, who lend their
voice to the motion, said their was
need to deregulate kerosene to be
affordable as well as available to
ordinary Nigerians.
In its resolution, the House
also mandated its Committee
on Petroleum Resources (Down
Stream) to liaise with the Department
of Petroleum Resources and the
Nigerian National Petroleum
Corporation (NNPC) to ensure that
mechanism is put in place to make
the product affordable.


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