Following the chairman of Forte Oil, Femi Otedola, decision to
sell House Hold Kerosene (HHK) at N50/litre, being over 50 per
cent reduction of its current pump price, the billionaire oil
magnate has effortlessly made a grand entrance into the
pantheon of Nigeria's 21st century crusaders.

He calls it 'Buhari Kerosene' and has ordered that all his fuel
stations across the country should henceforth sell HHK at N50/
litre in furtherance of his decision to identify with President
Buhari's bid to ameliorate the hardships faced by millions of
Nigerians daily.

The Forte Oil boss had recently blown the lid off the activities of
shady characters in the oil sector whom he blamed for selling
House Hold Kerosene (HHK) as Jet A1 fuel, also called Aviation
Turbine Kerosene (ATK), to airline operators. 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 Nigerian at the pump price of N50 per litre, major HHK
dealers sell the product to poor Nigerians at the pump price of
N125 per litre. And the development is attributable to the
emergence of mushroom marketers who are desperate to make
a killing by selling kerosene as Jet A1 fuel to major local and
international airlines at the pump price of N140/litre or even
higher.

He explained that this is possible because HHK shares some
physical and chemical properties with Jet A1 fuel. With his
decision to sell HHK at N50/litre at all his fuel stations
nationwide, Otedola will no doubt reduce the hardships foisted
upon millions of Nigerian families by the prohibitive pricing of
the cooking fuel. Perhaps rivals of the billionaire oil magnate
will follow suit and emulate his conscious attempt to make life
more bearable for the average man on the street.