Kerosene hit over N1000/litre – Report

Marcus Amudipe
Marcus Amudipe

 

The National Bureau of Statistics has revealed that the average retail price of household Kerosene paid by consumers in October was N1, 041.05 per litre.

According to The News Agency of Nigeria, NBS stated, “National Household Kerosene Price Watch” for October 2022 that the average price was a 9.90 per cent increase over the N947.30 per litre recorded in September 2022.

“On a year-on-year basis, the average retail price per litre of the product increased by 145.87 per cent from N423.42 recorded in October 2021.”

According to the report’s state profile analysis, the highest average price per litre of kerosene in October 2022 was recorded in Cross River at N1,304.17, followed by Enugu at N1,300.00, and Lagos at N1,294.44.

The lowest price, on the other hand, was recorded in Borno at N783.33, followed by Rivers at N804.17 and Bayelsa at N805.67.

According to the NBS, the South-East had the highest average retail price per litre of kerosene at N1,191.14, followed by the South-West at N1,142.60.

Also, the North-East had the lowest average retail price per litre of kerosene at N905.18.

It was also stated that consumers paid an average retail price of N3,516.87 per gallon of kerosene in October 2022, an 8.67% increase from the N3,236.27 recorded in September 2022.

“On a year-on-year basis, the average price per gallon of kerosene increased by 126.46 per cent from N1,552.96 recorded in October 2021.”

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