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Kerosene Supply Drops,Causes Price Hike

Kerosene supply have reportedly dropped in recent weeks, causing the price of the product to shoot up to about N300 per litre in many parts of the country.


There are also strong indications that despite the recent liberalization 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.

The cooking fuel used by majority of Nigerians has recently been unavailable at many filling stations, with many depots in Lagos not loading the product.
This has made roadside vendors sell 4.5 litres of kerosene for between N1,200 and N1,400.

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