Kerosene price rises above N1,300 per litre
The National Bureau of Statistics (NBS) has said that the price of the Household Kerosene (HHK) rose by 25.18% in one year.
This was contained in a document tagged: “Household Kerosene (HHK) Price Watch October 2023” which was released on Tuesday, November 21.
The NBS noted that the price of kerosene soared from N1,041 in October 2022 to N1,303.16 in October 2023.
The national data hub also noted that on a month-on-month basis, the price from by 0.32% from the N1,299.03 recorded on September 2023.
“The average retail price per litre of Household Kerosene (HHK) paid by consumers in October 2023 was N1,303.16, indicating an increase of 0.32% compared to N1,299.03 recorded in September 2023,” the NBS said.
“On a year-on-year basis, the average retail price per litre of the product rose by 25.18% from N1,041.05 in October 2022.”
The document noted that on state profile analysis, the highest average price per litre in October 2023 was recorded in Adamawa with N1,676.19, followed by Abia with N1,555.21 and Abuja with N1,541.67. On the other hand, the lowest price was recorded in Kwara with N1,034.29, followed by Kebbi with N1,133.33 and Enugu with N1,134.52.
It added that analysis by zone showed that the South-East recorded the highest average retail price per litre of Household Kerosene with N1,404.49, followed by the North-East with N1,371.03, while the North-West recorded the lowest with N1,221.22.
NBS said the average retail price per gallon of Household Kerosene paid by consumers in October 2023 was N4,581.89, showing an increase of 4.63% from N4,379.31 in September 2023.
The document said on a year-on-year basis, this increased by 30.28% from N3,516.87 in October 2022. On state profile analysis, Taraba recorded the highest average retail price per gallon of Household Kerosene with N5,500.00, followed by Lagos with N5,484.38 and Adamawa with N5,214.29.
Also Read: Dangote to refine more than 300,000 barrels of crude daily
On the other hand, according to NBS, Delta recorded the lowest price with N3,108.33, followed by Rivers and Ogun with N3,860.00 and N3,900.00 respectively.
It also noted that analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N5,096.83, followed by the North West with N4,773.87, while the South-South recorded the lowest with N4,017.76.
