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Price of Kerosene Hits All time High in Nigeria as Economic Crunch Affect People

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Wsj
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Price of Kerosene Hits All time High in Nigeria as Economic Crunch Affect People

Unread postby Wsj » Mon Jul 25, 2016 7:24 pm

Dual Purpose Kerosene (DPK), known as kerosene, hit an alltime high price of N600 per litre at the weekend, worsening the pains of over 30 million households who depend on the product for cooking. In its place, millions of poor Nigerians who use it for their stoves, lanterns, and other purposes, are now seeking alternatives to the very important and most commonly used petroleum product.
They have now resorted to the use of charcoal, firewood and polythene bags to make fire to cook for their homes. More fortunate Nigerians use gas cookers, even though the price of gas has also been on the rise. The scarcity hit major cities across the country, with most retail outlets in Abuja , Lagos, Ogun, Oyo, Osun, Enugu, Akwa Ibom, Kano, Kaduna and Abia states going out of stock.
The Liquefied Petroleum Gas (LPG), known as cooking gas, also remained high at the weekend selling at N320 per kilogram. A survey by the OTL, organisers of Nigeria ’s biggest downstream seminar and exhibition, showed that over 30 million Nigerian households use kerosene for cooking and for light as well as fuel for local lanterns.
The scarcity of the product, checks by New Telegraph revealed at the weekend, worsened with the product selling between N200 and N600 per litre nationwide, depending on proximity of the area to Lagos, where the loading depots for the product are situated.
DPK has been deregulated and majority of marketers, who hitherto reduced importation of the product, this newspaper gathered , have now halted importation due to difficulty in accessing foreign exchange. “ The shutdown of refineries that produce DPK through which the market is augmented , is another major problem, ” a marketer told a reporter.

Credit:Gistmania


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Re: Price of Kerosene Hits All time High in Nigeria as Economic Crunch Affect People

Unread postby williambennett » Tue Mar 13, 2018 7:13 am

This is the major problem any country is going through and the raise in Kerosene/gas or any other price effects poor people which is quite helpless :cry: . I'm doing research from few months on finding out solution for this problem, because we can’t wait till gov help us in this situation. When i was trying to find out alternative way which we can use, I was wondering if solar energy can help in this in any way? and I found that there are many products came into market which can work through solar at affordable price, so this makes the things easier.

Looked into many website while compiling the data and websites like tek Energy, Heliene, Solaria and magesolar gives you enough idea to kick start with. magesolar gives comparative data, I recently purchased after seeing the comparison chart from here https://magesolar.com/best-solar-backpack/. The other product of my interest was solar backup listed here https://www.walmart.com/ip/5W-Solar-Pan ... r/19801093. Will be picking it up this week
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