Kerosene price rises by 93% in January – NBS

Kerosene price rises by 93% in January – NBS

Kerosene scarcity continued to worsen across major cities in the country as the National Bureau of Statistics (NBS) reports on energy prices for the month of January indicated that the average price per litre paid by consumers increased to N433.84 throughout the month, representing 93.19 percent, The Sun reports. 

kero

The NBS report also explained that the commodity increased by 87.12 percent year-on-year and 93.19 percent month-on-month to N433.84 in January 2017 from N231.85 in December 2016. The NBS in the report disclosed that the states with the highest average price per litre of kerosene included Sokoto, Niger and Edo; where a litre of the product was sold for N647.6, N625.00 and N560 respectively.

The development may not be unconnected with the epileptic performance of the four refineries producing far below capacity utilisation, coupled with the inability of the state oil corporation to maintain consistent importation to augment local production.

 kerosene queue, Doowe

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