The Nigerian National Petroleum Corporation has increased the price of kerosene three times between May and so far this month, raising the cost of the commodity by about N40 per litre, an investigation has revealed.

It was found out that despite the price hike, the corporation through its subsidiary, the Pipelines and Product Marketing Company, had not been supplying the commodity to marketers.

Many marketers of the product, popularly known as Dual Purpose Kerosene, said they had not received what they paid for since November 2017, despite making additional payments to the PPMC following the price increases.

Source: The Punch