Kerosene price rises by 145% in one year
The National Bureau of Statistics (NBS) has said the average price of kerosene rose by 145% in one year.
It said from the N423.32 per litre paid in October 2021, it rose to N1,041.05 per litre in October 2022.
The Bureau stated these in its document titled: “National Household Kerosene Price Watch (October 2022).’
The data said the average retail price per litre of Household Kerosene (HHK) paid by consumers in October 2022 was N1,041.05, indicating an increase of 9.90% compared to N947.30 recorded in September 2022.
“On a year-on-year basis, the average retail price per litre of the product rose by 145.87% from N423.42 in October 2021,” it said.
NBS noted that on state profile analysis, the highest average price per litre in October 2022 was recorded in Cross River with N1,304.17, followed by Enugu with N1,300.00 and Lagos with N1,294.44.
Read Also: Kerosene price up by 118.08% in one year- NBS
It also noted that on the other hand, the lowest price was recorded in Borno with N783.33, followed by Rivers with N804.17 and Bayelsa with N805.67.
According to the NBS, analysis by zone showed that the South-East recorded the highest average retail price per litre of Household Kerosene with N1,191.14, followed by the South-West with N1,142.60, while the North-East recorded the lowest with N905.18.
The document also said the average retail price per gallon of Household Kerosene paid by consumers in October 2022 was N3,516.87, showing an increase of 8.67% from N3,236.27 in September 2022. On a year-on-year basis, this increased by 126.46% from N1,552.96 in October 2021.