The Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA), Alhaji Abdulkadir Saidu, while speaking at a public hearing organised by the House of Representatives, said the problem of Dual Purpose Kerosene (DPK) explosions in the country would be curtailed if the commodity is made available to the citizenry, The Guardian reports.
He said the goal would be achieved if oil marketers are placed on the same pedestal with the Nigerian National Petroleum Corporation (NNPC) in accessing foreign exchange from the Central Bank of Nigeria (CBN) required to import the product. He said that oil marketers who played key roles in making the product available could not compete with the NNPC due to the challenge of accessing foreign exchange and credit facility from commercial banks.
He also stressed the need to fix the refineries to achieve the goal. He reiterated PPRA’s resolve to perform its regulatory oversight to avert the problem associated with adulteration of kerosene products. He further stressed the need to encourage the use of gas as an alternative to kerosene since it has been proven to be cleaner, cheaper and environmentally friendly.