Price of Kerosene Jumps by 97% to N1,160.67 Per Litre in a Year

The average price of Household Kerosene grew by 96.79% in the last year, according to the latest data from the National Bureau of Statistics (NBS). A litre of Kerosene was sold for N1,160.67 in April 2023, up from N589.82 in April 2022.

On a monthly basis, the price of the commodity rose by 1.59% from N1,142.46 a litre recorded in March 2023 to N1,160.67 in April 2023.

Breaking down prices in states, Adamawa records the most expensive per litre at N1,600 while Abuja followed with N1,382.10 and Bauchi with N1,320.50.

On the other hand, the lowest price was recorded in Jigawa with N925.25, followed by Kaduna with N950.50 and Edo with N965.85.

In addition, analysis by zone showed that the North-East recorded the highest average retail price per litre of Household Kerosene with N1,273.53, followed by the South-East with N1,265.71 while North-West recorded the lowest with N1,014.19.

The average retail price per gallon of Household Kerosene paid by consumers in April 2023 was N4,166.94, showing an increase of 1.50% from N4,105.25 in March 2023. On a year-on-year basis, this increased by 95.03% from N2,136.52 in April 2022.

On state profile analysis, Lagos recorded the highest average retail price per gallon of Household Kerosene with N4,990.25, followed by Katsina with N4,925.00 and Zamfara with N4,883.20. On the other hand, Delta recorded the lowest price with N2,500.15, followed by Rivers and Bayelsa with N3,000.00 and N3,208.34 respectively.

Analysis by zone showed that the North West recorded the highest average retail price per gallon of Household Kerosene with N4,580.50 followed by the North East with N4534.61 while the South South recorded the lowest with N3,249.59.