Business

Kwarans lament as price of Kerosene jumps to N390

By Mike Adeyemi

Some residents of Ilorin, the Kwara State Capital are worried over the increase in the price of kerosene in the metropolis, from N225 to N390 per litre, National Pilot learnt.

Checks by our reporter who monitored sales of the product in the metropolis on Saturday, observed that the prices have increased in most filling stations from N225 to N390 per litre, although the product is available in almost all fuel stations.

The fuel station manager in Osere Road, Akeem Kolade said that fuel stations witnessed the increase two weeks ago.

“Here in our fuel station, we sell kerosene according to how we bought it, so we did not increase the price because we feel like doing so,” he said.

Another fuel station manager at NNPC mega station, along Asa – Dam Road, who spoke on condition of anonymity, said the price had gone up when compared to what was sold two weeks ago.

He added that the product was sold for between N225 and N320 per litre before the recent price increase.

The manager expressed optimism that its availability would continue in spite of the price increase.

“Many buyers are lamenting over the increase of the product and they are afraid that scarcity of the product may set in.

“It is a surprise to them that it is now sold at the cost of between N225 and N390 at fuel stations, while at the black market it is sold for between N450 and N590,” he said.

A resident, Mrs. Joke Alade said she was not able to buy the quantity of litres she planned to buy and appealed to the government to step in and make the product affordable to ordinary citizens.

Another resident, Yekini Na’allah, said it was worrisome that the price of kerosene had increased.

Na’allah called on the government to reduce the price of the product as it continues to make it available, especially for the common man.

He underscored the importance of both price reduction and product availability, saying this would go a long way in reducing the cost of the product and also, the inconvenience caused to families.

Recall the National Bureau of Statistics (NBS) has said that average price per litre of household kerosene rose by 0.67 per cent in August.

It made this known in its document titled, National Household Kerosene Price Watch – August.

The data said, “Average price per litre paid by consumers for national household kerosene increased by 0.67 per cent on months on months.”

It noted that it increased by 15.43 per cent year on year to N400.01 in August from N397.34 in July.

NBS said States with the lowest average price per gallon of kerosene were Rivers (N964.75), Bayelsa (N991.67) and Yobe (N1,061.11).

It disclosed that states with the lowest average price per litre of kerosene were Bayelsa(N255.56), Katsina(N322.92) and Osun(N325.00).

According to the document, States with the highest average price per litre of kerosene were Enugu(N494.05), Ebonyi (N489.17) and Cross River(N487.50).

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