Wednesday, 10 August 2016

Residents turn to charcoal due to kerosne price hike

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 Charcoal is becoming very popular in Abuja. This is due to the recent kerosene hike from N50 to N300 per litre.

Punch gathered that Charcoal seller are smiling to the bank as they have claimed they are making huge profit from the new development. This is because with the economic situation, many people are now finding it difficult to afford kerosene hence resorting to charcoal.

A lady stated that “Since the price of kerosene was hiked from N50 to N220 per litre by the NNPC, I sell more charcoal than I used to sell before and also make lots of gains.

“Before I used to buy five to seven bags of charcoals which I hardly finish selling them before the month end, but now I finish these quantities before two weeks,’’ she said.

Odo said that although she was making profits in the business, but the price she bought the product had also increased from N1000 to N1,500 per bag.

David Tanko, another charcoal seller at Karu Market, said that he was happy for kerosene price hike as it had forced many people to use charcoal as means of cooking foods.

Tanko said that when kerosene and cooking gas were cheap, not more than 20 persons patronised his business daily, but many people were now coming to buy charcoal from him.

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