Price of Kerosene increases to N300/litre as supply drops. Diesel sells for N200/litre.

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The price of kerosene, used by a majority of Nigerians for cooking, has risen to as much as N300 per litre in many parts of the country, with many depots in Lagos not loading the product.

Our correspondent gathered that the supply of kerosene by the Nigerian National Petroleum Corporation through its subsidiary, Pipelines and Product Marketing Company, which marketers largely depend on for the product, has reduced in recent weeks.

Out of 36 depots surveyed in Apapa, only one, Index, was loading dual purpose kerosene as of Friday.

Strong indications also emerged that despite the recent liberalisation of the fuels market, many marketers had yet to start importing kerosene as they continued to focus on Premium Motor Spirit, popularly known as petrol.

In Lagos, a number of filling stations did not have kerosene to sell on Tuesday, while some of those that had the product were selling for as much N220 per litre, especially in Ikorodu.

With the non-availability of the product at many filling stations, roadside vendors were selling 4.5 litres of kerosene for between N1,200 and N1,400.

The Chairman, Nigeria Union of Petroleum and Natural Gas Workers, Lagos Zone, Alhaji Tokunbo Korodo, said in a telephone interview with our correspondent, “It is not only kerosene; it is also affecting diesel. Diesel is now being sold at between N185 and N200 per litre as against N105-N110.

PUNCH

 

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