Price of Kerosene Rises Again, Residents of 3 States Pay More
- The latest data from the National Bureau of Statistics has revealed that kerosene prices have once again increased
- The bureau stated that the increase was observed in both month-on-month and year-on-year prices for both one litre and one gallon of kerosene
- Residents in certain states, led by Akwa Ibom and Abuja, paid more to purchase one litre of kerosene
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Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The National Bureau of Statistics has revealed that the average retail price per litre of Household Kerosene (HHK) paid by consumers in December 2024 was N2,056.38.
This is an increase of 0.66% compared to N2,042.93 recorded in November 2024.
Source: Getty Images
On a year-on-year basis, the average retail price per litre of the product rose by 50.95% from N1,362.27 in December 2023.
Meanwhile, the average retail price per gallon of household kerosene paid by consumers in December 2024 was N6,995.50.
This is also an increase of 0.35% from N6,970.99 in November 2024.
On a year-on-year basis, one gallon of kerosene increased by 54.43% from N4,529.92 in December 2023.
The NBS disclosed the figures in its latest price watch report, published on its website and obtained by Legit.ng.
States Kerosene prices per litre
In the state-by-state analysis, Abuja recorded the highest average price per litre of household kerosene in December 2024 at N2,950.00, followed by Akwa Ibom at N2,538.26 and Kaduna at N2,510.63.
Conversely, the lowest price was observed in Borno at N1,520.41, followed by Bayelsa at N1,537.22 and Adamawa at N1,696.54.
Regional analysis showed that the North Central had the highest average retail price at N2,278.76 per litre, followed by the North-West at N2,203.20, while the South-East recorded the lowest at N1,795.09.
State breakdown by gallon
For gallon state analysis, Katsina recorded the highest average retail price per gallon of household kerosene at N8,948.00, followed by Jigawa at N8,530.00 and Kebbi at N8,340.00.
On the hand, Adamawa had the lowest price at N5,330.80, followed by Nassarawa at N5,355.00 and Niger at N5,400.92.
Regional analysis showed that the North-West recorded the highest average retail price per gallon at N8,112.09, followed by the South-East at N7,794.08, while the North-Central had the lowest at N6,227.84.
5kg cooking gas rises to N7,177
Legit.ng reported that the NBS also revealed that dealers have adjusted the price of cooking gas across the country
The bureau showed that refilling a 5kg cylinder increased by 1.26%, and the price for a 12.5kg cylinder decreased.
Residents of Taraba, Lagos, and Benue were among the states paying the highest prices, while North-East recorded the highest average retail price.
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Source: Legit.ng
