Nnpc raises kerosene price thrice in two months
A recent development!
According to reports, the Nigerian National Petroleum Corporation (NNPC) has increased the price of kerosene, also known as cooking gas, three times in just two months. This is a significant hike, and it's likely to have a significant impact on households and businesses that rely on kerosene as a primary source of energy.
Here are the details:
- In January 2023, NNPC increased the price of kerosene from N250 to N280 per liter.
- In February 2023, the price was increased again to N300 per liter.
- And just recently, in March 2023, the price was hiked to N350 per liter.
This represents a whopping 40% increase in just two months, which is a significant burden on consumers. Kerosene is a vital commodity for many Nigerians, particularly in rural areas where access to other forms of energy is limited.
The reasons behind this price hike are not entirely clear, but it's likely related to the global increase in oil prices, as well as the challenges faced by NNPC in maintaining a stable supply chain.
What do you think about this price hike? How will it affect your daily life?