✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

Residents groan as kerosene sells for N260

The price of kerosene in Ilorin, the Kwara state capital, has skyrocketed as a litre now costs N260, against its pre-Christmas price of N190.  …

The price of kerosene in Ilorin, the Kwara state capital, has skyrocketed as a litre now costs N260, against its pre-Christmas price of N190.
 
When our correspondent inquired about the reason for the increase in price, an attendant attributed it to exchange rate and scarcity of forex, adding that the commodity had to be sold in accordance with the dictates of inflation. “People ask why the increase in price, forgetting that we sell in line with what we got in the market. The exchange rate has become very scarce and it is getting worse daily. And it is from this money that dealers import kerosene into the country,” he said. Some residents who spoke to our correspondent urged the federal government to quickly address the issue because the price increase was taking kerosene out of the reach of the commoners who use it to cook.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

UPDATE: Nigerians in Nigeria and those in diaspora can now be paid in US Dollars. Premium domains can earn you as much as $17,000 (₦27 million).


Click here to start earning.