Nigeria: Kerosene Price Hike - Charcoal Sellers Smile to Bank

27 January 2011

As the price of Dual Purpose Kerosene (DPK) goes up by N100 percent across the country, charcoal sellers in the Federal Capital Territory are now smiling to the bank. As result of the situation, charcoal has become hot cake while patronage and prices have increased too.

Most residents who could not afford kerosene due to its scarcity and high cost have resorted to charcoal as an alternative means of cooking. The demand of it is very high, thereby leading to price increase. Some of the sellers who spoke to our reporter could not hide their joy.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.