Kerosene beyond reach of many Nigerians, sells above N350 per litre outside Lagos
Whereas several petrol stations in Lagos have continued to dispense Household Kerosene (HHK), popularly called kerosene between N180 and N200, a report by the National Bureau of Statistics (NBS) has revealed many states especially in the North, South and East sell over and above N350.
NBS had reported that average kerosene price, rose to N293 in October across most states in Nigeria, above N288 per litre recorded in September.
Currently, Kerosene is the domestic fuel for most poor Nigerians, who don’t use firewood. The product was previously subsidised to make it more affordable, but higher cost of the product will mean more Nigerians using firewood or coal with attendant environmental consequences.
The NBS National Household Kerosene Price Watch showed that Sokoto, Taraba and Yobe, had the highest average prices of N375, N371 and N354 a litre respectively.
The report released earlier this week revealed further that, Katsina, Niger and Bayelsa recorded the lowest prices of N230, N243 and N255 a litre.
A gallon of kerosene, which used to sell for N955 a month ago, also increased to N1,164 a litre.
Dwelling on its efforts to ensure free flow of petroleum products in the country, Nigerian National Petroleum Corporation (NNPC) said in its September monthly report released within the that the total revenues generated from the sales of white products from October 2015, to September 2016 at ₦1.069.97 trillion, where PMS contributed about 89.01 per cent of the revenues collected with a value of ₦952.43 billion.
