Kerosene Price Soars By 118%
According to the National Household Kerosene report, household kerosene has risen by 118 per cent in the last 12 months.
NBS said the average retail price per litre of the product rose by 118 per cent to N947 from N434 recorded in September 2021.
According to the report, the average retail price per litre of HHK paid by consumers in September 2022 was N947, indicating an increase of 17 per cent compared to N809 recorded in August 2022.
A breakdown of the report showed that on state profile analysis, the highest average price per litre in September 2022 was recorded in Enugu with N1,272, followed by Ebonyi with N1,264 and Cross River with N1,186.
On the other hand, the lowest price was recorded in Rivers with N686, followed by Bayelsa with N715 and Nasarawa with N735.
In addition, analysis by zone showed that the South-East recorded the highest average retail price per litre of the product with N1,128, followed by the South-West with N1,068, while the North-West recorded the lowest with N869.
The average retail price per gallon of the products paid by consumers in September 2022 was N3,236, showing an increase of 10 per cent from N2,948 in August 2022. On a year-on-year basis, it increased by 110 per cent from N1,541 in September 2021.
On state profile analysis, Abuja recorded the highest average retail price per gallon of cooking kerosene with N4,200, followed by Abia with N4,078 and Enugu with N4,052, according to the report.
On the other hand, Borno recorded the lowest price with N2,500, followed by Zamfara and Delta with N2,555 and N2,577, respectively.
Analysis by zone showed that the South-East recorded the highest average retail price per gallon of the product with N3,607, followed by the South-West with N3,468, while the North-East recorded the lowest with N2,804.
In July, one gallon of cooking kerosene was sold for N790, an increase of 3.68 per cent compared to N761.69 recorded in June.