Kerosene may go for N200 per litre
- Kerosene may go for N200 per litre
- Kerosene sells for between N115 and N120/L in Akwa Ibom, while in Port Harcourt, it sells for between N100 and N150/L
- In Abuja, the nation’s capital, the price range from N150/L and N140/L.
In some locations in Nigeria, household kerosene may now sell for N200 per litre following the removal of subsidy by federal government.
According to a report by Vanguard newspaper, some marketers are selling the product between N100 and N150/Litre, even as government suggested open market price of N83 per litre.
Country Director, ActionAid, Ms. Ojobo Atuluku, the Federal Government’s decision to remove subsidy on kerosene signifies a continuation of a worrying trend of regressive policies that are emanating in recent times.
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She noted that the product is mostly used by the poor who have no other means of preparing their meals and lighting up their homes in the face of unreliable electricity
Prices across the country varies as said kerosene sells for between N115 and N120/L in Akwa Ibom, , while in Port Harcourt, the Rivers State capital, it sells for between N100 and N150/L.
In Abuja, the nation’s capital, the price range from N150/L and N140/L.
Recall that Nigeria’s minister of state for Petroleum, Ibe. Kachikwu, has said the Federal Government did not pay any subsidy on petroleum products in January 2016.
Meanwhile, Federal Government has spent a whooping sum of N20.2 trillion to import petrol, diesel and kerosene between January 2010 and September 2015.
Source: Legit.ng
