Hike in price of kerosene persists

By admin on

Share on facebook Yahoo mail icon Gmail icon

Views: 1,334

Residents of Umuahia, the Abia State capital have lamented the hike in price of Kerosene.

Though the approved pump price per litre of Kerosene is 50 naira, investigations by factnewsonline  revealed that the product is currently sold at 150 naira per litre.
For some months now Nigeria has faced several economic challenges in the petroleum sector.
This experience has particularly affected the stability of petroleum products across the country.
One petroleum product that plays a vital role in the household of many Nigerian women is kerosene.
It is believed that a greater percentage of the country’s populace uses kerosene to cook.
However in the past one month the hike in the price of kerosene has continued to bite hard with kerosene selling for as much as 200 naira per litre in some parts of the State.

In Umuahia the story isn’t different as investigations carried out by factnewsonline revealed pockets of scarcity in areas visited in Umuahia.

Many Independent Marketers were without the products while some private marketers who had kerosene sold at 150 naira per litre.
A station manager, who spoke on condition of anonymity said the hike was due to scarcity of the product.
Some residents said the hike in price was quite disappointing following Nigeria’s capacity as an oil exporting country.
Some had resorted to the use of fire wood and charcoal.
They called on the government to look into the plight of the masses and stabilize the price.
With the hike in price of kerosene, it is expected that the Federal government would sets up task force to ensure that dealers sold at the official price of 50 naira per litre.


Posted on August, 8 2015

Share on facebook Yahoo mail icon Gmail icon

You may also like...
President Buhari approves the appointment of Nine permanent...

Theo Walcott on target as Arsenal survive Leicester...

All PDP Candidates Disqualified in Benue LG Election...

Interim government rumour subversive; President Jonathan

Biafra: Arewa Youths to reconsider quit notice

Buhari: Doctor's advised him to slow things until...

Senate Suspends Amendment Of JAMB Establishment Act as...

Fuel Scarcity :UNILAG Shut Down Indefinitely

We have power to increase the budget, NASS...

Nnaji calls for segmentation, privatisation of power transmission...

Senate partners Russian oil giants to develop Nigeria’s...

President Jonathan Commissions Phase 1, 504MW Simple Cycle...
News Abia Election Special (3) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (195) Business (41) Campus News (3) Crime (120) Economy (110) Education (124) Entertainment (144) Fashion and Style (3) General (817) Health (107) Inside Africa (40) International News (303) Interviews (28) National (1931) Politics (945) Press Releases (110) Religion (9) Security (127) Sports (431) Technology (24) World News (87)





Latest News Treasury Looting: Buhari Shielding Corrupt Relatives – PDP Buhari's refusal to sign electoral act is a threat to the nation's existence- Wike Oshiomhole denies attacking Aisha Buhari Having sex in a car not a crime – Police Police arrest 51 protesting Judaism faithful in Umuahia 'I didn't say Abia roads are bad, I was misquoted' - His Eminence Uche PDP demands immediate release of Doyin Okupe The Attack on President Buhari by Abia APC is Despicable and Misguided, PDP fires Enyimba Economic city: UPP lauds Ikpeazu, Buhari for signing deal BREAKING: Police arrests two billboard vandals in Umuahia


Most Read Islamic agenda for Nigeria – Pastor Bosun (23,915 views) The show of shame that sealed Justice Uzokwe’s fate (17,536 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (16,946 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (7,633 views) Lawyers accuse Lagos Police of working for PDP (7,313 views) Radio Biafra delivers AM Transmitter (7,081 views) ‘Why fuel scarcity persists’ (6,072 views) Nurse Justina Obi Ejelonu, one of the nurses that contracted Ebola virus is dead!!! (5,743 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (5,716 views) Breaking News : 2015 - Abaribe withdraws from Abia guber race, backs Ikpeazu (5,505 views)